Gate News message: On April 11, U.S. President Trump issued a statement saying Iran is suffering major military losses. Trump said Iran’s navy and air force have been destroyed, its air defense systems are effectively nonfunctional, its radar systems are paralyzed, its missile and drone factories (including the missiles and drones themselves) have basically been destroyed, and the long-time leader is no longer there. He pointed out that Iran’s only threat method at present is mines, but all 28 of its mine-laying boats have already sunk. Trump said the United States is clearing the Strait of Hormuz and is providing help to multiple countries such as Japan, South Korea, France, and Germany. He said that empty-capacity tanker ships from multiple countries are heading to the United States to load oil.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Bitcoin Swings on Hormuz Strait Reports, Triggering $762M in Liquidations
Bitcoin rose to $78,000 but dropped to $76,091 following reports of tensions in the Strait of Hormuz. Iran's actions triggered $762 million in liquidations among traders, with implications for crypto markets as Iran accepts payments in bitcoin and other currencies to navigate sanctions.
GateNews33m ago
China's Solar Exports Surge 80%, EV Shipments Hit Record Amid Energy Transition
China's clean energy exports surged in March, with solar cell exports up 80% and EVs rising 53%, fueled by global demand amidst oil supply issues. However, domestic overcapacity and international tariffs pose challenges to the industry's growth.
GateNews43m ago
India Summons Iranian Ambassador Over Attack on Oil Tankers in Strait of Hormuz
India's Foreign Ministry summoned Iran's ambassador to protest IRGC naval attacks on Indian-flagged ships in the Strait of Hormuz, demanding an explanation. One ship carrying crude oil was damaged, but all crew members are safe.
GateNews53m ago
Iran Announces Hormuz Strait Open to Commercial Ships Amid Regional Tensions
Iran's Foreign Minister affirmed the Strait of Hormuz is open to commercial shipping, ensuring freedom of navigation amid regional tensions, crucial for global oil exports.
GateNews1h ago
UBS Expects Fed to Cut Rates 50 Basis Points by Year-End; 10-Year Treasury Yield Forecast at 3.75%
UBS analysts predict the Federal Reserve will cut interest rates by 50 basis points by 2026, despite rising energy prices. Fed Chairman Powell suggests limited tightening is needed, focusing on core inflation evidence before cuts. The forecast for Treasury yields indicates potential downward movement.
GateNews5h ago
U.S. Extends Russian Oil Waiver Through May 16; Brent Crude Falls 9% on Hormuz Passage Signal
The U.S. Treasury renewed a sanctions waiver for Russian oil purchases through May 16, despite prior indications of no renewal. This led to sharp declines in Brent crude prices, provoking criticism from European officials and highlighting geopolitical tensions.
GateNews8h ago
