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The US and Canada averted a fresh trade war late Tuesday, with Donald Trump pausing a 50% tariff on Canadian goods for three days after Ottawa agreed to a last-minute deal. The announcement came just before a midnight deadline, and stock futures were little changed as long-term …
US President Donald Trump has escalated his pressure campaign against Iran, threatening to bomb Oman if the Gulf state obstructs negotiations, while his son-in-law Jared Kushner declared that Gaza will not be rebuilt until Hamas disarms. Kushner’s statement, reported by Al Jazee…
Diplomatic efforts to end the war in Gaza intensified on Monday as Trump’s envoys met with Egyptian, Qatari and Turkish mediators in Cairo while Israeli strikes continued. In a rare move, Jared Kushner reportedly held talks with Hamas leaders, and a Palestinian lawyer argued bef…
Geopolitical tensions around the Strait of Hormuz escalated sharply after Iran rebuffed a claim by Donald Trump that the waterway would become US territory, with reports of another ship being struck in the region. The standoff comes as Hamas leader Khalil al-Hayya heads to Cairo…
A powerful 7.7 magnitude earthquake struck eastern Indonesia early Saturday, killing at least five people and triggering regional tsunami alerts in the world’s largest Muslim-majority nation. The disaster unfolded as global markets priced in heightened geopolitical risk: oil ros…
The US escalated its economic pressure on Iran, with Treasury Secretary Bessent promising a combination of “economic isolation like the world has never seen before” and the continued blockade in the Strait of Hormuz, while the Navy works to relieve the troubled carrier USS Abrah…
The Strait of Hormuz remains blocked, with Iran’s Persian Gulf Authority insisting it will not reopen until its conditions are accepted, directly contradicting claims from the US. Oil prices edged down 0.2% to $83.13, but the disruption continues to threaten global supply chain…
Oil prices climbed on Wednesday after deadly Houthi attacks on vessels in the Red Sea and Gulf of Oman killed six people, the first fatalities in over a year, heightening supply concerns and straining global shipping routes. The US struck a containership in response, while Trump…
Oil prices edged higher again today, with Brent trading at $82.41, as the standoff over the Strait of Hormuz continued to rattle markets. Donald Trump’s claim of “total control” of the strait and demand for Iran to pay reparations has deepened the deadlock, with traders doubtin…
Tensions in the Strait of Hormuz remain the dominant story, with the US reaffirming its grip on the blockade by turning away 55 ships as talks stall, according to CNBC. Oil prices edged up 0.4% to $78.47, but the market seems to have priced in the protracted crisis. Meanwhile, …
Geopolitical tensions in the Gulf are once again dominating the global agenda, with Iran issuing new conditions for reopening the Strait of Hormuz after a UAE ship was reportedly targeted by an airstrike. Tehran’s military has stressed the waterway will only reopen when the US m…
Trump’s latest Iran deal tease—which never materialised—sent markets soaring again, with oil up 1.2% to $78.18 and gold jumping 2.3% to $4,399.70 as investors bet on de-escalation in the Gulf. Analysts at CNBC question how long this pattern can last given dwindling oil reserve…
Oil surged 1.4% to $78.39 as Iran’s restrictive draft plan for the Strait of Hormuz renewed fears of supply disruptions, with its chief negotiator accusing former US President Trump of “theater diplomacy” as Gulf energy infrastructure faces renewed threat. The tension pushed go…
Tensions around the Strait of Hormuz and a potential US-Iran deal dominated the day, with shipowners warning that any tolls on the critical waterway would harm livelihoods worldwide. Iran denied it was in talks with Washington despite Trump’s claims a deal is near. Markets showe…
Russian ballistic missiles struck Kyiv on Wednesday, killing at least 14 people and wounding 22 more, as officials reported a “massive attack” on the capital and surrounding region. The assault, which follows a similar pattern of escalation, comes as diplomatic signals emerged f…
Oil surged another 1.3% on Tuesday to $81.40, as Saudi Aramco reported blowout quarterly profits on the back of the Iran war’s squeeze on supply. The kingdom’s state-owned giant is a key beneficiary of the conflict, with broader energy markets also lifting gold by 0.8% to $4,1…
Tensions over Iran took a sudden turn as Trump paused a planned “massive attack” and said new talks would begin Monday — a rare moment of diplomacy after a week of threats, with Tehran yet to respond. The reprieve sent oil down 5.9% to $79.71 and lifted stock futures into the J…
Tensions between the US and Iran dominated the day after President Trump said he was cancelling planned strikes on Iran subject to a “rapidly” made deal, while embassies warned Americans of travel risk amid signs of possible military action in the coming days and tankers near Om…
Oil surged 1.3% to $84.67 as tensions escalated in the Gulf, with Iran warning it could tighten control of the Strait of Hormuz and Yemen’s Houthis denying plans to charge ships transiting the Red Sea while reaffirming the route remains free. The broader risk-off mood hit gold,…
Oil prices eased 1.9% on Friday as recovering traffic through the Strait of Hormuz tempered the war premium built up after U.S.-Iran strikes earlier this week, though tensions remain high: Iran held a funeral for Revolutionary Guard members reportedly killed in the strikes, and …