{"id":61159,"date":"2026-04-21T23:38:32","date_gmt":"2026-04-22T03:38:32","guid":{"rendered":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/vingroup-targets-2027-breakeven-u-s-blocks-iraq-dollar-shipments-in-iran-squeeze\/61159\/"},"modified":"2026-04-21T23:38:32","modified_gmt":"2026-04-22T03:38:32","slug":"vingroup-targets-2027-breakeven-u-s-blocks-iraq-dollar-shipments-in-iran-squeeze","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/vingroup-targets-2027-breakeven-u-s-blocks-iraq-dollar-shipments-in-iran-squeeze\/61159\/","title":{"rendered":"Vingroup Targets 2027 Breakeven; U.S. Blocks Iraq Dollar Shipments in Iran Squeeze"},"content":{"rendered":"<h2>Key Takeaways<\/h2>\n<ul>\n<li><strong>VinFast (<a href=\"\/stock\/VFS\">VFS<\/a>)<\/strong> has officially set a <strong>2027 breakeven target<\/strong>, reaffirming its commitment to an all-electric lineup while preparing for an IPO of its taxi arm, <strong>Green SM<\/strong>.<\/li>\n<li>The <strong>U.S. government<\/strong> has suspended <strong>U.S. dollar shipments to Iraq<\/strong>, a strategic move designed to cut off the financial lifeline for <strong>Iran-backed militias<\/strong> in the region.<\/li>\n<li><strong>BHP (<a href=\"\/stock\/BHP\">BHP<\/a>)<\/strong> successfully concluded months of negotiations with <strong>China<\/strong>, striking a major <strong>iron ore deal<\/strong> that ends a high-stakes standoff with the world&#39;s largest steel producer.<\/li>\n<li><strong>Geopolitical friction<\/strong> intensified as <strong>Taiwan\u2019s president<\/strong> was forced to cancel a trip to <strong>Eswatini<\/strong> after several African nations, reportedly under pressure from <strong>Beijing<\/strong>, revoked overflight permits.<\/li>\n<\/ul>\n<h2>Vingroup\u2019s Strategic Pivot and VinFast\u2019s Path to Profitability<\/h2>\n<p>The chairman of <strong>Vingroup<\/strong> announced a series of major strategic shifts today, most notably confirming that <strong>VinFast (<a href=\"\/stock\/VFS\">VFS<\/a>)<\/strong> aims to reach <strong>breakeven by 2027<\/strong>. Despite industry speculation regarding a potential return to internal combustion engines (ICE), the chairman stated firmly that the company will <strong>not shift back to ICE cars<\/strong>, maintaining its focus on the global electric vehicle transition.<\/p>\n<p>In a move to optimize its energy portfolio, <strong>Vingroup<\/strong> is also replacing its planned <strong>Haiphong LNG power plant<\/strong> with a <strong>renewable energy project<\/strong>. This decision follows a period of <em>extreme volatility in natural gas markets<\/em> and aligns with the group&#39;s broader green energy ambitions. Additionally, preparations are now underway for an <strong>initial public offering (IPO)<\/strong> of <strong>Green SM<\/strong>, the group\u2019s electric taxi and mobility arm.<\/p>\n<h2>U.S. Escalates Financial Pressure on Iran-Linked Groups<\/h2>\n<p>The <strong>U.S. Treasury<\/strong> has blocked <strong>dollar shipments to Iraq<\/strong> in a significant escalation of efforts to squeeze <strong>Iran-backed militias<\/strong>. According to reports from the <em>Wall Street Journal<\/em>, the move is intended to prevent the diversion of hard currency to militant groups that have increasingly targeted U.S. interests. This financial blockade is expected to put <em>immediate pressure on the Iraqi banking system<\/em> and complicate Baghdad&#39;s regional financial standing.<\/p>\n<p>Compounding the regional instability, <strong>U.S. officials<\/strong> and <strong>CNN<\/strong> report that <strong>Majid Khamenei<\/strong> has gone into hiding. This disappearance has reportedly <strong>interfered with internal Iranian government talks<\/strong>, creating a leadership vacuum at a critical juncture for the Islamic Republic\u2019s domestic and foreign policy.<\/p>\n<h2>BHP Secures China Deal; Analyst Sentiment Shifts<\/h2>\n<p>In the commodities sector, <strong>BHP (<a href=\"\/stock\/BHP\">BHP<\/a>)<\/strong> has finally reached an agreement with <strong>China<\/strong> regarding <strong>iron ore supply<\/strong>. The deal follows months of tense negotiations reported by the <em>Financial Times<\/em>, providing much-needed clarity for the global steel supply chain. <em>Market analysts suggest the deal marks a thawing of trade tensions<\/em> that had previously threatened to disrupt Australian mineral exports.<\/p>\n<p>On Wall Street, analysts are adjusting their outlooks for key industrial and healthcare players:<\/p>\n<ul>\n<li><strong>JP Morgan<\/strong> raised its price target for <strong>Valmont Industries (<a href=\"\/stock\/VMI\">VMI<\/a>)<\/strong> to <strong>$520<\/strong> (up from $510), citing <em>strong infrastructure demand<\/em>.<\/li>\n<li><strong>Piper Sandler<\/strong> cut its target for <strong>Intuitive Surgical (<a href=\"\/stock\/ISRG\">ISRG<\/a>)<\/strong> to <strong>$580<\/strong> (down from $620), reflecting <em>near-term valuation concerns<\/em> despite the company&#39;s dominant position in robotic surgery.<\/li>\n<\/ul>\n<h2>China-Taiwan Diplomatic Tensions Flare in Africa<\/h2>\n<p>Diplomatic relations between <strong>Beijing<\/strong> and <strong>Taipei<\/strong> reached a new low after the <strong>Taiwanese president<\/strong> postponed a planned visit to <strong>Eswatini<\/strong>. The trip was derailed when several African nations revoked overflight permits, a move <strong>Taipei<\/strong> attributed to <strong>Chinese economic coercion<\/strong>.<\/p>\n<p><strong>China\u2019s Foreign Ministry<\/strong> praised the countries involved for adhering to the <strong>One-China principle<\/strong>, while the <strong>Taiwan Affairs Office<\/strong> dismissed accusations of coercion as &quot;unfounded.&quot; The incident highlights <em>Beijing\u2019s continued success in isolating Taiwan<\/em> from its remaining diplomatic allies through strategic economic and political pressure.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Key Takeaways VinFast (VFS) has officially set a 2027 breakeven target, reaffirming its commitment to an all-electric lineup while preparing 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