Dutch central bank moves gold bars out of U.S. and Canada, citing ‘crisis preparedness’

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The Dutch central bank (DNB) has transferred approximately 86 tons of gold out of the U.S. and Canada to the U.K., seeking to shore up its contingency planning in view of "increasing geopolitical unrest." Just over one-quarter of the central bank's gold reserves held in New York and Ottawa had been shifted to London between March and August, DNB said Wednesday. The transferred gold is now stored with the Bank of England because gold stored there must meet international trade standards and is recognized as "the world's most easily tradable gold," DNB said, adding that the move strengthens its "crisis preparedness." By contrast, DNB said the gold bars held in the U.S. and Canada could not be utilized as quickly and directly in a crisis situation. "With this relocation, we have improved the tradability of our gold reserves. We expect that we will never need to use them, but we do need to strengthen our resilience and preparedness," DNB Gove...

U.S. strikes Iran after new Hormuz Strait shipping attacks: Centcom

The U.S. military launched new strikes against Iranian targets around the Strait of Hormuz on Tuesday, U.S. Central Command said in a social media post , after a pair of oil tankers came under attack in the critical shipping route. The strikes come after President Donald Trump had reportedly been considering a CENTCOM plan for limited attacks aimed at preventing Iran from rebuilding radar and missile capabilities that could be used to target ships in the strait. CENTCOM said U.S. forces began striking Islamic Revolutionary Guard Corps targets in Iran at noon ET after recent attempted attacks on commercial shipping in the Strait of Hormuz and U.S. personnel in the region. The command did not immediately disclose the number or location of targets or what U.S. military assets were involved. Trump called the strikes "large and powerful" in a Truth Social post Tuesday, saying they were retaliation for Iran's attempt to add sea mines to the Strait of Hormuz and its missile attack on a U.S. base in Jordan. Trump also threatened a significantly larger response if Tehran retaliates, saying Iran would be hit "at a much harder and higher level" and warning that an even bigger attack was "waiting in the wings." Iran quickly vowed to respond. A senior Iranian military source told the state-run Tasnim News Agency that Tehran's response would be "many times greater" than the U.S. strikes and warned that U.S. interests and bases across the region would "quickly come under Iranian fire." The escalation threatens to further extend a war Trump once predicted would be over in four weeks, complicating his campaign pledge to end wars as November's midterm election approaches. Trump's approval sits at 33%, while just 36% of Americans approve of the Iran war, according to a Reuters/Ipsos poll released Monday. The operation marks a new escalation after the U.S. and Iran exchanged fire over the weekend for the first time in roughly a month. On Sunday, the U.S. military struck rocket launchers on Iran's Larak Island after CENTCOM said Iranian forces were preparing to fire rockets carrying sea mines into the strait. Tehran responded by launching missiles at U.S. sites in Jordan that were intercepted. The United Arab Emirates also said it intercepted an Iranian drone over its territorial waters. Trump threatened further retaliation Monday, telling Fox News, " We're going to hit them hard . There will be a response." The U.S. Embassy in Qatar issued a security alert Tuesday warning of the potential for "unforeseen escalation" and urging Americans in the region to exercise heightened vigilance amid possible flight cancellations, airspace closures and other travel disruptions. The attacks are the latest flashpoint in the months-long fight between Washington and Tehran over the Strait of Hormuz, one of the world's most important energy chokepoints. Before the war, roughly a fifth of global oil supplies passed through the waterway, according to the U.S. Energy Information Administration .

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