Oil prices jumped on Thursday as the fallout from the US-Iran conflict appeared to spread to the Red Sea.
Oil Surges Above US$95 as US-Iran Hostilities Continue
Oil prices climbed more than 4% on Wednesday as renewed fighting between the US and Iran raised fresh concerns over global energy supplies.
Oil Could Reach $160 as Stockpiles Fall and Hormuz Risks Intensify
Oil prices could climb as high as US$160 a barrel, or potentially even further, if disruption around the Strait of Hormuz persists and global inventories continue to fall, according to
Strait of Hormuz Blockade Breached as Western Shipping Lines Resume Operations
The Strait of Hormuz has witnessed its first successful transit by a vessel operated by a major Western shipping line, marking a significant development amid an increasingly critical global supply
FedEx Sues US Government for Full Refund of Trump Era Emergency Tariffs
FedEx Corporation has initiated legal proceedings against the United States government seeking a complete refund of tariffs paid under emergency powers that the Supreme Court has ruled unlawful. The global
European Stocks Surge as U.S. Shutdown Nears Resolution
European markets opened sharply higher on Monday after U.S. lawmakers moved closer to ending the record-breaking government shutdown that has rattled investors and disrupted key services.
Trump Punishes India With 25% Tariff Over Russian Oil
WASHINGTON, D.C. — U.S. President Donald Trump has signed an executive order imposing an additional 25% tariff on Indian imports in response to India’s continued purchase of Russian oil. The
Fed Holds Rates Steady, Rejects Trump’s Call for Immediate Cut
The US Federal Reserve has held interest rates unchanged, defying calls from Donald Trump for an immediate cut.
Fed Expected to Keep Rates Unchanged Despite Trump’s Call for Major Cuts
The US Federal Reserve is widely expected to keep interest rates unchanged this evening, resisting calls from Donald Trump for aggressive cuts to borrowing costs.
Wall Street Rises in Premarket as US-Japan Trade Deal Fuels Optimism
U.S. stock futures indicate a strong opening on Wall Street, as investor sentiment improves following the announcement of a trade agreement between the United States and Japan.
Bitcoin Breaks $120,000 Barrier as Pro-Crypto Momentum Builds
Bitcoin has surged past the $120,000 mark for the first time, hitting a record high of $122,571.19, as investors anticipate U.S. government support for the crypto industry ahead of key
Tariff Uncertainty Keeps Wall Street on the Sidelines Ahead of Opening Bell
U.S. Markets Mixed as Tariff Uncertainty and Musk Headlines Weigh on Sentiment