CBOE submits XRP ETF application for Franklin

According to Nikkei, Japan’s Minister of Economy, Trade and Industry Akazawa Ryo Masa stated on the 6th that the upcoming "Asia Zero Emissions Community" (AZEC) ministerial meeting to be held on the 8th will focus on discussions to expand oil reserves in the Asian region and "strengthen cooperation between oil-producing and oil-consuming countries."

(1) Vietnam is vigorously promoting the use of LNG to meet the surging electricity demand, but related projects are seriously behind schedule, with only 1 out of 18 LNG power generation projects expected to be completed on time. (2) Vietnam’s Minister of Industry and Trade, Le Minh Hoan, stated at a government meeting last week that the total installed capacity of these proposed projects exceeds 20 gigawatts, but only the Xi Fu LNG project is proceeding as planned. Deputy Minister of Industry and Trade, Truong Quang Hoai, said at the same meeting that investors have been selected for 16 of the 18 projects, but only two projects have started construction. (3) Project delays threaten Vietnam’s plan to increase the proportion of LNG in its energy mix to 12% by 2030. The Ministry of Industry and Trade warned last month that, due to these delays, Vietnam may face a risk of power shortages next year.

Market news: An organization called "United Against Nuclear Iran" (UANI) claims that US sanctions on Iran have resulted in dozens of cargo-laden oil tankers being stranded off the country's coast, while others outside the Persian Gulf are anchored near Sri Lanka. The organization stated that at least 50 oil tankers carrying Iranian oil are stranded near the country, a number that has remained largely unchanged compared to two months ago.

(1) According to the United Against Nuclear Iran (UANI), the U.S. blockade of Iran has resulted in dozens of fully loaded oil tankers stranded along Iran's coast, while some other tankers are anchored outside the Persian Gulf near Sri Lanka. (2) In its routine shipping update released on October 5, UANI stated that at least 50 oil tankers carrying Iranian oil remain stranded near Iran, which is largely unchanged from two months ago. These ships are mainly loaded with crude oil, although some are transporting petroleum products and liquefied petroleum gas. (3) UANI also noted that, in other waters, some empty vessels are “anchored at various locations in the Indian Ocean and Pacific region due to the U.S. blockade, rather than returning to Iranian ports.” Currently, 20 Iran-flagged vessels are anchored near Sri Lanka, and 1 is located near Oman.