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Fars News Agency reported Supreme Leader’s military adviser Safavi warned that if the US or Israel again attacks Iran’s national centers or interests, the conflict could expand beyond the Persian Gulf and Strait of Hormuz to the Red Sea, the Bab al‑M

2026-09-24

Fars News Agency reported Supreme Leader’s military adviser Safavi warned that if the US or Israel again attacks Iran’s national centers or interests, the conflict could expand beyond the Persian Gulf and Strait of Hormuz to the Red Sea, the Bab al‑Mandeb and ultimately the Indian Ocean. Safavi added renewed US military action could spark new fighting near the Red Sea and Bab al‑Mandeb. Tehran’s warning signals any future confrontation could substantially widen and risk disruption to regional security and major shipping lanes.

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2026-09-24

J. Safra Sarasin analyst Claudio Wewel said the recent yen rebound looks fragile. As markets price further rate hikes from major central banks, USD/JPY has risen to around 158, reviving speculation of Japanese FX intervention. Wewel expects USD/JPY c

J. Safra Sarasin analyst Claudio Wewel said the recent yen rebound looks fragile. As markets price further rate hikes from major central banks, USD/JPY has risen to around 158, reviving speculation of Japanese FX intervention. Wewel expects USD/JPY could linger near the 160 area in the short term, saying the Bank of Japan’s signal of accelerated tightening may not be enough to sustain a durable yen recovery. He warns the yen still faces headwinds from stronger US macro data, elevated energy prices and concerns over Japan’s debt sustainability, and judges the BOJ may still be lagging other G10 central banks based on recent market reaction.
2026-09-24

India cuts import duties on crude palm oil and soybean oil to 5% from 10%.

India cuts import duties on crude palm oil and soybean oil to 5% from 10%.
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