ONGOntology Gas Price

On August 27, Iranian Foreign Minister Amir-Abdollahian sent a letter to the UN Secretary-General, the Security Council, and UN member states, stating that the 'economic isolation measures' announced by the US on August 24 aim to force other countries to terminate their legitimate economic relations with Iran through secondary sanctions and restrictions on access to the US financial system, thereby extending US laws and policies beyond its borders. Amir-Abdollahian noted that these measures would impact basic needs such as food, medicine, medical equipment, and energy, and cited a 2018 ruling by the International Court of Justice, accusing the US of violating international law. Iran calls on the Security Council and UN member states to condemn and reject the US's unilateral coercive measures and secondary sanctions, demanding that the US immediately cease pressure on third countries, while also urging the UN Secretary-General to assess the humanitarian impact. Iran stated that it reserves the right to hold the US accountable and seek compensation for related losses through all available means.

On August 27, Iranian Foreign Minister Amir-Abdollahian sent a letter to the UN Secretary-General, the Security Council, and UN member states, stating that the 'economic isolation actions' announced by the US on August 24 aim to force other countries to terminate their legitimate economic relations with Iran through secondary sanctions and restrictions on access to the US financial system, extending US laws and policies beyond its borders. Amir-Abdollahian noted that these measures would impact basic needs such as food, medicine, medical equipment, and energy, and cited a 2018 ruling by the International Court of Justice, accusing the US of violating international law. Iran demands that the Security Council and UN member states condemn and reject the US's unilateral coercive measures and secondary sanctions, calling for the US to immediately cease pressure on third countries, while also urging the UN Secretary-General to assess the humanitarian impact. Iran stated that it reserves the right to hold the US accountable and seek compensation for related damages through all available means.

On August 27, according to BIT (bit.com) market data, the three major U.S. stock indices opened slightly lower today, with Nvidia's shares dropping 1.35% during the trading session, bringing its market capitalization to approximately $5.09 trillion. Market focus is on the company's upcoming earnings report, as investors await insights into its performance and the latest guidance on AI demand to determine whether the previously pressured AI trades can regain momentum. Analysts expect Nvidia's revenue for the last quarter to nearly double year-on-year, and there is a general expectation that the earnings report will continue to show strong growth. However, there are concerns in the market about whether the substantial capital investments in AI will translate into corresponding returns. Nvidia's stock price had previously declined for seven consecutive trading days before rebounding on Tuesday, as investors positioned themselves ahead of the earnings report. In addition to Nvidia's earnings, the market will also be watching for Federal Reserve Chairman Waller's first significant speech at the Jackson Hole annual meeting on Friday for clues about the future path of interest rates. In the commodities market, Brent crude oil saw a cumulative decline of about 8% this week, but after the U.S. EIA data showed that crude oil inventories increased by only 95,000 barrels last week, far below expectations, oil prices narrowed their intraday losses and turned positive.