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On April 23, the Pentagon notified Congress that completely clearing the mines laid by the Iranian military in the Strait of Hormuz could take up to six months, and any such action is unlikely to occur before the end of the war between the U.S. and Iran. This assessment suggests that the economic impacts of the conflict may extend into later this year or beyond. It was revealed that a senior Defense Department official shared this previously unreported estimate during a confidential briefing with members of the House Armed Services Committee on Tuesday. Two individuals indicated that this timeline frustrated both Democrats and Republicans, possibly signaling that even after any peace agreement is reached, gasoline and oil prices may remain elevated for an extended period. Beyond the economic implications, such an outcome could also have significant effects on U.S. domestic politics, particularly for Republicans, as the November midterm elections approach. Lawmakers were informed that Iran may have laid 20 or more mines in the Strait of Hormuz and surrounding areas. Some of these mines were reportedly laid remotely using GPS technology, making it difficult for U.S. forces to detect them. It is believed that other mines were laid by the Iranian military using small boats. The White House and the Pentagon did not respond to inquiries regarding the military's assessment of how long mine clearance might take. U.S. Central Command declined to comment.

[Pentagon: Clearing Mines in the Strait of Hormuz May Take 6 Months]On April 23, the Pentagon notified Congress that completely clearing the mines laid by the Iranian military in the Strait of Hormuz could take up to six months, and any such action is unlikely to occur before the end of the war between the U.S. and Iran. This assessment suggests that the economic impacts of the conflict may extend into later this year or beyond. It was revealed that a senior Defense Department official shared this previously unreported estimate during a confidential briefing with members of the House Armed Services Committee on Tuesday. Two individuals indicated that this timeline frustrated both Democrats and Republicans, possibly signaling that even after any peace agreement is reached, gasoline and oil prices may remain elevated for an extended period. Beyond the economic implications, such an outcome could also have significant effects on U.S. domestic politics, particularly for Republicans, as the November midterm elections approach. Lawmakers were informed that Iran may have laid 20 or more mines in the Strait of Hormuz and surrounding areas. Some of these mines were reportedly laid remotely using GPS technology, making it difficult for U.S. forces to detect them. It is believed that other mines were laid by the Iranian military using small boats. The White House and the Pentagon did not respond to inquiries regarding the military's assessment of how long mine clearance might take. U.S. Central Command declined to comment.

Pentagon: Clearing Mines in the Strait of Hormuz May Take 6 Months

On April 23, Iranian Parliament Speaker Ghalibaf stated that a comprehensive ceasefire only makes sense if it is not violated by acts of maritime blockade and 'hostage-taking of the world economy.' In such an open violation of the ceasefire, reopening the Strait of Hormuz is impossible. They have failed to achieve their goals through military aggression and will never succeed through bullying. The only way forward is to acknowledge the rights of the Iranian nation.

[Iranian Parliament Speaker: Reopening of Strait of Hormuz 'Impossible' Amid Open Violation of Ceasefire]On April 23, Iranian Parliament Speaker Ghalibaf stated that a comprehensive ceasefire only makes sense if it is not violated by acts of maritime blockade and 'hostage-taking of the world economy.' In such an open violation of the ceasefire, reopening the Strait of Hormuz is impossible. They have failed to achieve their goals through military aggression and will never succeed through bullying. The only way forward is to acknowledge the rights of the Iranian nation.

Iranian Parliament Speaker: Reopening of Strait of Hormuz 'Impossible' Amid Open Violation of Ceasefire

On April 23, US Republican Senator Roger Marshall stated that if a peace agreement cannot be reached soon, the United States may resort to military intervention in Iran. He noted that past US presidents have faced similar choices and pointed out that internal divisions within Iran, coupled with US pressure and sanctions, are weakening Tehran's position. Marshall added that he believes in President Trump's strategy and emphasized that the goal remains to achieve peace as quickly as possible.

[US Republican Senator: Military Action Against Iran Possible if Peace Agreement Delayed]On April 23, US Republican Senator Roger Marshall stated that if a peace agreement cannot be reached soon, the United States may resort to military intervention in Iran. He noted that past US presidents have faced similar choices and pointed out that internal divisions within Iran, coupled with US pressure and sanctions, are weakening Tehran's position. Marshall added that he believes in President Trump's strategy and emphasized that the goal remains to achieve peace as quickly as possible.

US Republican Senator: Military Action Against Iran Possible if Peace Agreement Delayed

On April 23, Iranian Parliament Speaker Ghalibaf stated that a comprehensive ceasefire only makes sense if it is not violated by acts of maritime blockade and 'hostage-taking of the world economy.' In such blatant violation of the ceasefire, reopening the Strait of Hormuz is impossible. They have failed to achieve their goals through military aggression and will never succeed through bullying. The only way forward is to recognize the rights of the Iranian nation. (Jinshi)

[Iranian Official: Reopening of the Strait of Hormuz 'Impossible' Amid Open Violations of Ceasefire]On April 23, Iranian Parliament Speaker Ghalibaf stated that a comprehensive ceasefire only makes sense if it is not violated by acts of maritime blockade and 'hostage-taking of the world economy.' In such blatant violation of the ceasefire, reopening the Strait of Hormuz is impossible. They have failed to achieve their goals through military aggression and will never succeed through bullying. The only way forward is to recognize the rights of the Iranian nation. (Jinshi)

Iranian Official: Reopening of the Strait of Hormuz 'Impossible' Amid Open Violations of Ceasefire

On April 23, prediction markets indicated that the probability of Trump being impeached before January 2028 is 68%, a significant increase from approximately 30% last November. This shift suggests that market expectations regarding Trump's potential political troubles are intensifying, although the final outcome remains uncertain.

[Prediction Markets Show Rising Impeachment Risk for Trump]On April 23, prediction markets indicated that the probability of Trump being impeached before January 2028 is 68%, a significant increase from approximately 30% last November. This shift suggests that market expectations regarding Trump's potential political troubles are intensifying, although the final outcome remains uncertain.

Prediction Markets Show Rising Impeachment Risk for Trump

On April 23, the U.S. Energy Information Administration (EIA) reported on Wednesday that U.S. crude oil inventories increased last week, while gasoline and distillate inventories declined. Due to supply disruptions caused by the war in Iran, total U.S. exports reached a record level. The EIA stated that for the week ending April 17, crude oil inventories rose by 1.9 million barrels to 465.7 million barrels, contrary to expectations of a decrease of 1.2 million barrels. The crude oil inventory at the delivery hub in Cushing, Oklahoma, increased by 806,000 barrels. Despite the unexpected inventory increase, oil prices still rose.

[U.S. Crude Oil Stocks Rise, Fuel Inventories Fall, Total Exports Hit Record High]On April 23, the U.S. Energy Information Administration (EIA) reported on Wednesday that U.S. crude oil inventories increased last week, while gasoline and distillate inventories declined. Due to supply disruptions caused by the war in Iran, total U.S. exports reached a record level. The EIA stated that for the week ending April 17, crude oil inventories rose by 1.9 million barrels to 465.7 million barrels, contrary to expectations of a decrease of 1.2 million barrels. The crude oil inventory at the delivery hub in Cushing, Oklahoma, increased by 806,000 barrels. Despite the unexpected inventory increase, oil prices still rose.

U.S. Crude Oil Stocks Rise, Fuel Inventories Fall, Total Exports Hit Record High

HTX data showed that BTC fell below 79000  USDT and is now at 78986.08 USDT, with a increase of 4.11% in 24H.

[BTC fell below 79000  USDT] HTX data showed that BTC fell below 79000  USDT and is now at 78986.08 USDT, with a increase of 4.11% in 24H.

BTC fell below 79000  USDT

HTX data showed that ETH fell below 2400  USDT and is now at 2399.57 USDT, with a increase of 3.64% in 24H.

[ETH fell below 2400  USDT] HTX data showed that ETH fell below 2400  USDT and is now at 2399.57 USDT, with a increase of 3.64% in 24H.

ETH fell below 2400  USDT

On April 22, the Islamic Republic of Iran Broadcasting (IRIB) quoted an Iranian Foreign Ministry spokesperson stating that Iran has responded to Pakistan's request for an extension of the ceasefire. Iran stated that its armed forces are on full alert and ready to take decisive countermeasures at any time.

[Iran Responds to Pakistan's Request for Ceasefire Extension]On April 22, the Islamic Republic of Iran Broadcasting (IRIB) quoted an Iranian Foreign Ministry spokesperson stating that Iran has responded to Pakistan's request for an extension of the ceasefire. Iran stated that its armed forces are on full alert and ready to take decisive countermeasures at any time.

Iran Responds to Pakistan's Request for Ceasefire Extension

Hong Kong Legislative Councillor Johnny Ng posted on social media, please see the key takeaways from my recent discussions and interviews in Hong Kong on Web3 and virtual asset policies:
1. HK's pioneering financial environment is evolving to support the virtual asset industry. New regulations invite global stakeholders to apply for licenses.
2. Monitoring &amp; control levels will adapt to industry developments. HK is open to suggestions &amp; committed to extending its openness, embracing industry feedback.
3. Don't underestimate HK's market size! As a global financial &amp; emerging tech hub, HK connects with cities worldwide, expanding its global reach.

Detail

【HK Legislator Johnny Ng: Hong Kong is changing its financial environment to support the virtual asset industry】Hong Kong Legislative Councillor Johnny Ng posted on social media, please see the key takeaways from my recent discussions and interviews in Hong Kong on Web3 and virtual asset policies:
1. HK's pioneering financial environment is evolving to support the virtual asset industry. New regulations invite global stakeholders to apply for licenses.
2. Monitoring &amp; control levels will adapt to industry developments. HK is open to suggestions &amp; committed to extending its openness, embracing industry feedback.
3. Don't underestimate HK's market size! As a global financial &amp; emerging tech hub, HK connects with cities worldwide, expanding its global reach.

HK Legislator Johnny Ng: Hong Kong is changing its financial environment to support the virtual asset industry

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HK Legislator Johnny Ng: Hong Kong is changing its financial environment to support the virtual asset industry

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