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The US and Iran traded direct strikes this week as the funeral of Iran’s late Supreme Leader, Ayatollah Khamenei, was held, with Centcom confirming it hit 90 Iranian targets and the Iranian health ministry reporting 14 deaths since Tuesday. Oil edged down 0.3% to $71.87 despite…
The US military launched new strikes on Iranian infrastructure today, escalating a conflict that has already pushed oil prices up 1.5% to $74.61, while President Trump said he was “not sure” he wanted a deal with Tehran. The BBC’s Jeremy Bowen notes that despite the bluster, Wa…
The US launched a series of strikes on Iran after ships were attacked in the Strait of Hormuz, a dramatic escalation that immediately sent oil prices up 2.9% to $72.45. The conflict threatens a critical chokepoint for global energy supplies, and the Islamic world is watching cl…
The Trump-FIFA controversy has dominated headlines after the US president’s intervention saw Folarin Balogun’s one-game ban suspended, sparking European backlash and mockery from Trevor Noah. The USA striker is now available for today’s match against Belgium, while Portugal’s Cr…
Global markets opened the week with cautious optimism as the S&P 500 and Nasdaq extended gains, but the dominant story is the upcoming NATO summit where President Trump will meet Ukraine’s Zelenskyy and Syria’s al-Sharaa. That meeting, alongside Turkiye hosting its first NATO su…
Massive crowds filled Tehran for the second day of funeral processions for Iran’s late Supreme Leader Ali Khamenei, who was killed in a US airstrike, as the BBC shows. The outpouring comes as analyst Paolo von Schirrach argues the US is facing a “changing global order” and its i…
President Donald Trump’s wide-ranging CNBC interview has cast a long shadow over today’s financial and political landscape, particularly as he defended his family’s crypto windfall worth at least $1.4 billion, stating there is “nothing wrong” with it. That confidence contrasts …
Global markets are bracing for a mixed open today as a sustained rotation out of technology stocks weighs on sentiment across Asia and the US. The US labor force participation rate has fallen to its lowest in 50 years outside the pandemic, with job seekers giving up – a troublin…
The US decision not to renew the USMCA trade pact with Canada and Mexico opens the door for renegotiations, as President Trump targets America’s trade deficits with both neighbours. That uncertainty weighed on commodity markets, with copper slipping 0.3% and silver falling 1%, t…
The US political landscape continues to shape both tech and finance: a new bipartisan bill introduced by Senators Tim Scott and Bill Hagerty seeks to block foreign adversaries from accessing American AI technology, building on the earlier GENIUS Act. Meanwhile, Donald Trump’s 20…
Wall Street’s Dow Jones Industrial Average closed above 52,000 for the first time on Monday, lifted by gains in Alphabet and a temporary pause in US-Iran hostilities — but that calm may be short-lived as Tehran denies talks were planned in Doha after ceasefire tensions flared. A…
Oil prices rose 1.2% to $70 a barrel on Monday as markets reopened after US airstrikes on Iran over the weekend, with Tehran putting nuclear talks on hold and President Trump again threatening “annihilation.” The escalation has rattled global equity futures, though Wall Street …
US strikes on Iranian targets for a second night, following a drone attack on a commercial tanker in the Strait of Hormuz, have shattered a fragile 60-day ceasefire between Washington and Tehran. The escalation, reported by Al Jazeera and CNBC, raises the risk of broader conflic…
The US launched strikes on Iranian missile and drone storage facilities in the Strait of Hormuz overnight, after President Trump accused Tehran of violating the ceasefire agreed during nuclear talks. Despite the escalation, oil fell 2.3% to $70.24, suggesting markets are pricin…
Global technology stocks tumbled sharply today as mounting concerns over the rising cost of AI infrastructure triggered a broad sell-off. South Korea’s Kospi sank 8%, SoftBank plunged 13%, and SK Hynix slid 10%, while S&P 500 futures also fell. Apple and Microsoft hiked prices o…
Iran’s warning over a new shipping route bypassing the Strait of Hormuz — calling it “unacceptable and dangerous” — has heightened Gulf tensions, while thousands gathered in Tehran for the first Ashura since the killing of supreme leader Ali Khamenei during the US-Iran war. The …
Oil extended its decline below $73 a barrel on Tuesday after former President Trump accused oil firms of “gouging” consumers, a political intervention that added downward pressure on crude even as tensions persist in the Gulf. The move came alongside a broader risk-off mood, wi…
The United Kingdom is undergoing a sudden political transition after Keir Starmer resigned as prime minister, clearing the way for Andy Burnham to take over as Labour leader—though some MPs are considering a challenge to prevent a “coronation”. The shift comes as a new poll foun…
The biggest story today is the apparent breakthrough in US-Iran talks, with mediators reporting “encouraging progress” after the first round in Switzerland. The two sides have agreed a 60-day roadmap toward a final deal, which also includes a plan to end military operations in L…
Iran’s renewed closure of the Strait of Hormuz, announced in retaliation for Israeli operations in Lebanon, sent oil prices edging up 0.9% to $76.54 as a US delegation led by Vice President Vance arrived in Switzerland for talks. Tehran’s military command said the waterway is s…