2023-03-16

Morning Report: 2023-03-16

MIDDLE EAST:  CHINA, IRAN, RUSSIA HOLD DRILLS IN GULF OF OMAN.

Arutz Sheva:  Naval forces from China, Iran and Russia — countries at odds with the United States — are staging joint drills in the Gulf of Oman this week, China’s Defense Ministry announced.  The exercises are scheduled for Wednesday through Sunday.

IRAN:  OFFICIALS CALL FOR CONSERVATIVE REFORMS.

ISW:  Hardline Islamic Coalition Party Secretary General Asadollah Badamchian called for constitutional reform within the bounds of the Islamic Republic during an interview with reformist news outlet Entekhab on March 15.

BANKING:  CANADA'S REGULATOR TAKES CONTROL OF TORONTO SVB.

Epoch Times:  Canada’s banking regulator has taken permanent control of the assets held by Silicon Valley Bank (SVB)’s branch in Toronto, with the assets being transferred to a new “bridge bank” created by the U.S. Federal Deposit Insurance Corporation (FDIC).

ARCTIC:  RUSSIA'S NORTHERN FLEET BEGINS COMMAND AND STAFF EXERCISE.

Barents Observer:  From its headquarters in Severomorsk north of Murmansk, the Northern Fleet informs that about 20 warships and support vessels are involved in the ongoing command and staff exercise. Five aircraft and 50 other military special equipment units take part in the training that according to the press service will last for several days.  Meanwhile, Norway’s Joint Viking exercise enters its second week.