Wallstreet News Breakfast | March 9, 2026

Mojtaba Khamenei, son of Khamenei, has become the new Supreme Leader of Iran. Middle East crude oil "production halt wave": UAE and Kuwait announce production cuts. The United States announces conditional relaxation of sanctions related to Venezuelan gold trading. Venezuelan interim president: Will accelerate the process for the US to access Venezuelan mineral resources, including gold and rare earths, at "Trump-like speed." The US private credit crisis is gradually repeating the "subprime mortgage crisis." Wang Yi: This year is a "big year" for China-US relations; calls for a "ceasefire and end to war" in the Middle East; says Latin American countries should decide for themselves with whom to be friends. By the end of February, China's gold reserves increased by 30,000 ounces month-on-month, marking 16 consecutive months of accumulation. After the Chinese "Iron Lady" ship, another cargo vessel has passed through the Hormuz Strait, with at least 10 merchant ships following suit by disguising themselves as "Chinese-flagged." Shenzhen Longgang plans to launch the "AI Lobster Ten Measures" for the first time. Reminder: China's February CPI and PPI will be released on Monday. Related articles: Wallstreet News Breakfast FM-Radio | March 9, 2026