Chapter 046 The outbreak of the Iran-Iraq War
On September 20, a high-level U.S. government delegation, including several Iranian experts, was sent to Europe for a secret visit.
Komansky also heard a major news from an anonymous person through the special channel of Merrill Lynch in Washington.
The Saudi ambassador to the United States went to the White House the day before and told President Carter an important news - Saddam himself called the Saudi royal family not long ago and said he wanted to teach Iran a lesson.
Komansky understood that the war was about to break out, so he seized the last moment and ordered his men to sign a few more bullish crude oil futures contracts as much as possible.
Since countries in the Middle East have learned the news in advance, they will definitely only adopt a policy of reluctance to sell. However, countries like Mexico and Venezuela have less information about the information channels, so Komansky has checked many cheaper ones.
On the morning of September 22, Iraq dispatched a large number of planes to carry out air strikes on various Iranian air bases and 15 cities including the capital Tehran, and the Iraq-Iraq War officially broke out.
New York was seven hours later than Baghdad, but when the Iraq-Iraq War broke out, it was late at night. Countless people related to the oil industry were awakened by phone in their sleep.
On the morning of the next day, all oil traders began to rush up prices, and the average selling price of oil spot in the New York market directly exceeded US$40 per barrel.
At the same time, Nolan fans should be familiar with the building in the One Liberty Square Building in the lower Manhattan financial district. It is the Wayne Building, the headquarters building of the Wayne Group in the movie "Batman".
The 53-story building in Liberty Square was opened in 1973. Merrill Lynch was one of the first users to move in and rented six of them.
In the office of Merrill Lynch’s self-operated department on the 9th floor of the building, cheers were heard in the sky. Komansky also came out of his office, but his expression was still cold.
After Komansky vented his excitement, he immediately began to arrange his next job. That is to find the right buyer for every futures in his hand as soon as possible and convert floating profits into real profits.
He asked his secretary to book himself the fastest flight to Tokyo, and RB's oil importers are the best dealers. The United States itself is a major oil-producing country, and Mexico and Venezuela in Central America can also provide a large amount of production capacity to the North American market.
The oil consumed in Europe originally mainly came from the supply from the Middle East, but with the large-scale development of North Sea oil fields in the 1970s and the discovery of large quantities of oil fields in traditional European colonies such as North Africa and West Africa, Europe's dependence on crude oil in the Middle East has greatly reduced.
On the contrary, most of RB's crude oil consumption is mainly imported from the Middle East. Therefore, the sudden outbreak of the Iraq-Iraq War posed a huge threat to RB's energy security.
Komansky believed that the batch of call options in his hands were willing to eat them all at a high price.
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Hong Kong on the other side of the Pacific Ocean is 5 hours faster than Baccarat. So it was only after Zhou Yang received a trans-ocean call from his agent from New York on the afternoon of the 22nd that he learned that the Iran-Iraq War had broken out.
That night, Zhou Yang stayed by the phone all night and answered the latest market trends from New York every half hour. The heating oil futures price in December opened at a price of 0.7655 based on the closing price of 0.760 the day before.
After opening, it rose slowly and broke through 0.780 during the session. As a result, it fell back a lot in the late trading session, and the final closing price was fixed at 0.773.
After Zhou Yang got the closing price of the day, he was completely speechless. Stimulated by such a violent news from the Iran-Iraq War, heating oil futures only rose by 1.71% throughout the day. He decided to wait for three days, and if the price had not improved, he would completely clear the position and recover funds.
Putting annoying heating oil futures aside for the time being, Zhou Yang has other things to do.
There was a reason why he rented Yuanwang Technology Consulting Company on the 12th floor of Building A, Qiaoguan Building. Because there was a domestic enterprise called Guangdong-Hong Kong Trading Company on this floor.
Guangdong-Hong Kong Company settled in Qiaoguan Building one month earlier than Yuanwang. It is the first window enterprise opened by the Guangdong-East Provincial Government in Hong Kong and is directly led by the Provincial Foreign Trade Commission.
Just listening to such a long introduction, you can tell that this is a company with a strong background. However, although the name of the Guangdong-Hong Kong company is not small, the conditions for starting are not very high.
The eastern Guangdong Provincial Government only allocated HK$2 million in cash and a franchise for fresh goods in Hong Kong. The so-called fresh goods are live poultry, live pigs, fresh fish, fruits and vegetables. Therefore, the Guangdong-Hong Kong company is only a trading enterprise that mainly exports agricultural products to Hong Kong.
The goods exported by Guangdong and Hong Kong companies to Hong Kong mainly pass through the land ports of the Deep Sea Special Zone. The fresh goods operated by the company are no longer as good as other materials, and they emphasize timeliness, so they need to coordinate with the Deep Sea Special Zone from time to time.
Every time Zhou Yang comes to Yuanwang Company, he will visit the door next door, so he and the people from Yuehai Company soon became familiar with each other. The purpose of Zhou Yang's visit is to understand some of the current situation in China, especially in the Deep Sea Special Zone.
After all, his impression of China in 1980 was actually very vague. To understand the real situation, the best choice is to go to China in person and take a look.
At seven o'clock in the morning, the streets in the North Point were still sparse. Zhou Yang took the elevator and got off from Rende Building and walked to the intersection of Sugar Waterway and Yinghuang Road. A middle-aged man wearing a white shirt and blue trousers was already standing there waiting for him.
"Old Ma, let's call directly to Hung Hom Railway Station. I called the taxi company before going downstairs. I should be able to dispatch an empty car to pick us up soon." Zhou Yang said.
The person standing next to him was the manager of the sales department of Guangdong-Hong Kong Trading Company. A batch of live pigs in their company passed the train this afternoon and arrived at Luohu Railway Station in the Deep Sea Special Zone.
The weather is still quite hot now. If you cannot pass the clearance on the same day, you will have a lot of dead pigs overnight in the Deep Sea Special Zone, and the losses will be profits. So Manager Ma is going to go back to the Special Zone to watch it yourself, so that you can directly find the leaders of the Special Zone to solve the problem.
"This time I'm not going to squeeze the slow bus from Brother Zhou Yang." Manager Ma is from eastern Guangdong. In order to facilitate communication with Zhou Yang, he speaks Mandarin with a strong Cantonese flavor.
While the two were talking, a taxi stopped on the side of the road. Zhou Yang stepped forward and confirmed with the driver that it was the one he called, and then he called Manager Ma to get on the bus.
Chapter completed!