Solid Intel 🛰

INTEL: Trump says the US will release the Strategic Petroleum Reserve “a little bit.” Twitter

INTEL: Iran has reportedly shipped over 11 million barrels of oil via Strait of Hormuz since war began, all bound for China Twitter

INTEL: Senior Iranian military official warns Al Jazeera another key strait could face Hormuz-like disruption if U.S. makes “strategic mistake” Twitter

INTEL: Ripple launches a $750M buyback of early investors’ equity at a $50B valuation

INTEL: IEA agrees to release 400 million barrels of oil to counter Iran war supply disruption https://x.com/solidintel_x/status/2031733988436414806

INTEL: Trump tells Axios the Iran war will end soon, saying he can end it any time he wants Twitter

INTEL: Ledger exposes a MediaTek Dimensity 7300 flaw that lets attackers with physical access steal Android hot-wallet seed phrases in minutes Twitter

INTEL: US February CPI matches forecasts at 0.3% m/m and 2.4% y/y as core CPI also lands in line at 0.2% m/m and 2.5% y/y Twitter

INTEL: BINANCE SUES WALL STREET JOURNAL FOR DEFAMATION OVER FEBRUARY 23 IRAN SANCTIONS ARTICLE https://x.com/solidintel_x/status/2031701503379923447

INTEL: JUSTICE DEPARTMENT PROBES IRAN’S USE OF BINANCE TO EVADE SANCTIONS - DOJ investigating Iran's use of Binance to evade U.S. sanctions, sources say - Action follows crypto exchange's move to dismantle internal probe, sources say - Probe looked at more than $1B that flowed to network funding Iran-backed terror groups, sources say - The Wall Street Journal was unable to determine whether DOJ investigating Binance itself or solely customers on its platform - Crypto exchange's founder Changpeng Zhao received pardon from President Trump in October Twitter

INTEL: Japan's PM Takaichi says Japan to start releasing part of its oil reserves as early as March 16th Twitter

INTEL: A cargo ship is struck by a projectile in the Strait of Hormuz, the UK says Twitter

INTEL: BINANCE, PAYPAL, AND RIPPLE JOIN MASTERCARD'S NEW PUSH INTO BLOCKCHAIN PAYMENTS Twitter

INTEL: Trump says US forces have just obliterated 10 inactive mine-laying boats or ships and warns more strikes are coming Twitter

INTEL: Trump demands Iran immediately remove all mines in the Strait of Hormuz or face unprecedented military consequences, calling removal a “giant step in the right direction” Twitter

INTEL: US INTELLIGENCE BEGUN TO SEE SIGNS IRAN TAKING STEPS TO DEPLOY MINES IN STRAIGHT OF HORMUZ Twitter

INTEL: USA, ISRAEL - IRAN CONFLICT UPDATE MILITARY AND INFRASTRUCTURE * Mojtaba Khamenei was appointed Iran’s new Supreme Leader * The U.S. and Israel launched their most intense strikes of the war so far * Strikes hit Tehran oil depots and refineries in a major escalation against Iranian infrastructure * The Pentagon said over 5,000 targets have been hit, including 50+ Iranian naval vessels * Iran continued retaliatory strikes across the Gulf and vowed further escalation ENERGY AND SHIPPING * The Strait of Hormuz is effectively shut, with traffic down about 97% * Iran warned it would block regional oil exports while attacks continue * About 1.9 million bpd of Gulf refining capacity has been shut or reduced * Brent crude spiked near $119 before collapsing back below $90 * Aramco warned a prolonged Hormuz shutdown would be catastrophic for global oil markets ECONOMIC IMPACT AND GLOBAL RESPONSE * G7 ministers held emergency talks but did not release strategic reserves * The IEA was asked to assess market conditions and possible response scenarios * The U.S. is considering SPR sales and other emergency oil measures * South Korea moved to cap fuel prices after a 6% KOSPI drop * Shipping insurance, trade flows and global energy markets remain under heavy stress Twitter

INTEL: Seven S&P 500 industries including real estate management and software have entered correction territory year to date despite modest index moves Twitter

INTEL: US FEB. EXISTING HOME SALES AT 4.09M; EST. 3.89M US FEB. EXISTING HOME SALES RISE 1.7% M/M; EST. -0.8% Twitter

INTEL: US Treasury targets a record $15B debt buyback today, its biggest since restarting buybacks in 2024 Twitter