Event Watch
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We report global events and break them down with clear explanations, context, and facts so you understand the full story behind the news.
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Iran's new condition for passing through the Strait of Hormuz: oil in exchange for yuan

CNN, quoting a senior Iranian official, claimed that Iran is considering granting passage permission to a limited number of oil tankers through the Strait of Hormuz, provided that all these oil transactions are conducted in Chinese yuan.
🔹Currently, the majority of international oil transactions are conducted in dollars, but Iran's decision to carry out these transactions in Chinese yuan could significantly change this situation. China has been trying for several years to expand the use of its currency in global energy markets.

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Citibank branches in Dubai and Manama targeted by drone attack

✅ Last night, Citibank branches in Dubai (UAE) and Manama (Bahrain) were hit by unidentified drones and caught fire.
✅ Citibank is considered the third largest American bank in terms of assets.


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Dubai property value dropped by 33%


✅ The Dubai stock market real estate index (DFM Real Estate Index) plummeted 33% from 17,250 points to 11,417 points, wiping out $270 billion of this market's value in just 10 days.

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BREAKING: 🇹🇼🇨🇳 Taiwan detects large-scale Chinese military aircraft presence near the island, according to Politico

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🔶 GLOBAL RESPONSE TO TRUMP’S REQUEST FOR HORMUZ COALITION CALL
(As of 16 March)

❌ DECLINED / RULED OUT
• Australia
• France
• Germany
• Spain

⏳ STILL REVIEWING
• United Kingdom
• South Korea

🤝 NO COMMITMENT – PUSHING DIPLOMACY
• China
• India
• Japan

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JUST IN - Trump's Director of National Counterterrorism Joe Kent resigns: "I cannot in good conscience support the ongoing war in Iran. Iran posed no imminent threat to our nation, and it is clear that we started this war due to pressure from Israel and its powerful American lobby."


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🇺🇸 Average US gas prices rise to $3.85 for the first time since September 2023.

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🇶🇦 Qatar's Foreign Ministry calls Israel's attack on Iran's energy infrastructure a "dangerous & irresponsible" step.

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🚨 BREAKING: Heavy missile hit by Iran on Riyadh, the capital of Saudi Arabia - a few minutes ago

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🇦🇪 UAE condemned the attack on Pars field in Iran

✅ The UAE Ministry of Foreign Affairs stated that this attack is considered a threat to global energy security

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CNN, quoting a US official: We have not attacked gas fields in Iran; Israel has done this.


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🚨 Attack on Ras Laffan Refinery in Qatar

🔹The Ministry of Interior of Qatar announced that the Civil Defense Organization is trying to control the fire in the Ras Laffan area following an attack by Iran.

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⚡️ The world: Severe explosions in Riyadh are due to direct hits and successful destruction of fuel reserves of American fighter jets that participated in attacks on Iran

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💥 ⚠️ Watch Exclusively on EventWatch: Heavy missile hit by Iran on Riyadh, the capital of Saudi Arabia

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#BREAKING Iran’s 'brutal targeting' of Ras Laffan industrial site is a direct threat to national security and regional stability: Qatar's Foreign Ministry

#BREAKING Qatari Foreign Ministry says #Iran continuing ‘escalatory policies’ dragging non-party states into conflict


#War

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#BREAKING Iran’s 'brutal targeting' of Ras Laffan industrial site is a direct threat to national security and regional stability: Qatar's Foreign Ministry #BREAKING Qatari Foreign Ministry says #Iran continuing ‘escalatory policies’ dragging non-party states…
☑️ Qatar Energy Company announced: Extensive damage has been caused to the Ras Laffan industrial complex due to a missile strike

☑️ This complex is one of the main liquefied natural gas production facilities in the world.

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🔥BREAKING: Missile attack on LNG refinery in Bahrain; the bridge connecting Bahrain and Saudi Arabia has been destroyed or seriously damaged

🔶A few minutes ago, the LNG refinery in Bahrain, which was considered an American interest, was targeted by heavy missile attacks, and these attacks are still ongoing

🔶This refinery is located near the bridge connecting Bahrain Island and Saudi Arabia, and initial reports indicate the bridge has been destroyed or seriously damaged due to the explosion at the refinery.

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Qatar's Ministry of Foreign Affairs: Military and security attaches of the Iranian embassy have been asked to leave the country within 24 hours at most.

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Guardian: The number of British nationals who have fled the Middle East has reached 100,000.

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🛢🛢 Oil price also hit a record of $116

🔹Brent oil price, which was $103 yesterday, started a sharp upward trend following the terrorist attack by the US and Israel on the South Pars facilities and Iran's decisive response, and a few minutes ago it even passed the $116 mark.


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⚡️ Reuters: 17% of Qatar's LNG capacity was disabled by an Iranian attack

🔹 The CEO of QatarEnergy told Reuters:

🔹 The Iranian attack caused about 17% of Qatar's LNG capacity to go offline, with two of the 14 LNG trains and one GTL facility damaged, which will take about 12.8 million tons per year out of service for 3 to 5 years during repairs.

🔹 This disruption could lead to about $20 billion in annual revenue losses and threaten energy supplies to Europe and Asia.

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