A counterattack from Saudi Arabia and the United States! Air strikes on the Housai Armed sanctions against the Iranian National Bank

Published: Sep 20, 2019 22:41

SMM: after the Yemeni Hussein armed forces claimed to attack Saudi oil production facilities, Saudi Arabia led a multinational coalition air strike on the Yemeni Hussein armed forces; on the other hand, the United States sanctioned the Iranian National Bank, which is the highest economic sanctions against a country.

According to reports, Saudi Arabia-led coalition forces 20 air strikes on the target of Yemeni Houthi forces in the Red Sea city of Hodeida, there is no news of casualties.

U.S. president Donald Trump says the United States has just imposed sanctions on Iran's national bank, the highest level of sanctions imposed on a country.

U.S. Treasury Secretary Noochin: the latest U.S. sanctions against Iran are "very strong." this is Iran's last source of funding.

Multinational coalition spokesman Turqui 20 through the Saudi news agency said in a statement, coalition warplanes in the early hours of the same day air strikes in the northern part of Hodeida used to assemble remote control ships and mines.

On the same day, the Houthi armed forces issued a statement through the controlled Masira television station, saying that the air strikes violated the relevant ceasefire agreement in Hodeida, and that the Houthi armed forces were ready to deal with "any possible military escalation."

"Click to sign up for" SMM2019 Annual meeting of China Nonferrous Metals Industry "

Scan QR code and apply to join SMM metal exchange group, please indicate company + name + main business

 

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn
For more information on how to access our research reports, please contact:service.en@smm.cn
Related News
Copper Wire and Cable Inventories Decline as Raw Material and Finished Product Stocks Fall Weekly
11 hours ago
Copper Wire and Cable Inventories Decline as Raw Material and Finished Product Stocks Fall Weekly
Read More
Copper Wire and Cable Inventories Decline as Raw Material and Finished Product Stocks Fall Weekly
Copper Wire and Cable Inventories Decline as Raw Material and Finished Product Stocks Fall Weekly
[SMM Copper Wire and Cable Weekly Inventory] On weekly copper wire and cable inventory, raw material inventory still mainly declined on consumption this week, so raw material inventory fell 2.84% MoM. As for finished product inventories, with downstream enterprises gradually picking up goods, finished product inventories fell 3.31% MoM.
11 hours ago
Copper Wire and Cable Operating Rate Down 0.81% MoM, 11.11% YoY Amid Weak New Orders
11 hours ago
Copper Wire and Cable Operating Rate Down 0.81% MoM, 11.11% YoY Amid Weak New Orders
Read More
Copper Wire and Cable Operating Rate Down 0.81% MoM, 11.11% YoY Amid Weak New Orders
Copper Wire and Cable Operating Rate Down 0.81% MoM, 11.11% YoY Amid Weak New Orders
[SMM Copper Wire and Cable Weekly Operating Rate] This week, the operating rate of SMM copper wire and cable enterprises was 69.95, down 0.81 percentage points MoM. Overall operating performance was stable this week. During the week, copper prices hovered at highs, exacerbating wait-and-see sentiment among downstream enterprises, while new orders remained weak. Enterprises still relied on ample orders on hand to keep production basically stable. By segment, the power sector remained the core support, with orders in NEV and optical fiber performing well, while engineering and construction orders were still hardly optimistic. The operating rate of copper wire and cable enterprises is expected to fall 0.67 percentage points MoM to 69.29 next week
11 hours ago
Market Risk Appetite Weakened, the Most-Traded BC Copper Contract Closed Down 0.84% [SMM BC Copper Commentary]
12 hours ago
Market Risk Appetite Weakened, the Most-Traded BC Copper Contract Closed Down 0.84% [SMM BC Copper Commentary]
Read More
Market Risk Appetite Weakened, the Most-Traded BC Copper Contract Closed Down 0.84% [SMM BC Copper Commentary]
Market Risk Appetite Weakened, the Most-Traded BC Copper Contract Closed Down 0.84% [SMM BC Copper Commentary]
12 hours ago