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The city of Dubai is making efforts to recoup the once record-breaking tourist numbers that have plummeted since the start of the Iran war by offering travel perks worth upwards of $800 to visitors who enter the country between now and the end of October.

The city of Dubai is making efforts to recoup the once record-breaking tourist numbers that have plummeted since the start of the Iran war by offering travel perks worth upwards of $800 to visitors who enter the country between now and the end of October.

The world feared the Iran war’s disruption of the Strait of Hormuz would trigger historically high oil prices. Yet the worst hasn’t happened, and the reasons may hint at a rewiring of energy flows.

Gold and silver markets have traded mostly sideways since the US-Iran war began in March. Major central banks are still stocking up on gold. The smart money continues to add gold to sovereign reserves. Central banks purchased an estimated 244 metric tonnes in Q1, exceeding both the previous quarter and the five-year average. Sideways price action. Record central bank buying. The tourists see the sideways chart and get bored. The institutions see the accumulation data and keep buying. Those are two completely different trades happening at the same price.

President Trump's administration has pushed hard to present a united front on the Iran war, but statements by his vice president and secretary of state have at times diverged over the past week, especially on the subject of Israel

The UN International Maritime Organization paused its operation to escort ships through the Strait of Hormuz after a vessel reported an attack, reigniting concerns about whether a preliminary deal to end the Iran war will hold