Oil prices fell in early trading on Thursday after the U.S. and Iran signed an interim agreement that would end the Iran war, reopen the Strait of Hormuz and waive U.S. sanctions on Tehran’s oil, resolving the largest energy supply disruption in history.
Category: News
Asian stocks were steady and oil prices dipped on Thursday as investors assessed progress toward ending the war in the Middle East after the presidents of the U.S. and Iran signed an interim peace deal, though uncertainties still hovered.
It’s the latest in a series of actions by Trump that have upended Senate Republican plans to move major legislation intended to forward his agenda.
Russia accused Ukraine of conducting a deadly drone strike on a bus carrying Belarusian schoolchildren on Wednesday, an allegation that Ukraine’s military said was “false”.
U.S. President Donald Trump on Wednesday described Chinese President Xi Jinping and Russian President Vladimir Putin as “neutral” during the war with Iran, saying they had not thwarted his efforts to curb Tehran’s nuclear ambitions.
President Donald Trump on Wednesday expressed confidence in Federal Reserve Chairman Kevin Warsh after the new central bank chief concluded his first rate-setting meeting with a decision to leave interest rates unchanged and published projections that showed nearly half of U.S. central bankers feel a rate hike will be needed this year.
When U.S. and Iranian negotiators sit down in Switzerland on Friday after nearly four months of war, the stakes couldn’t be higher as they face an array of hurdles that could derail efforts to reach a comprehensive peace agreement.
Federal Reserve Chairman Kevin Warsh announced on Wednesday a wide-ranging project to review key aspects of central bank policy making, in a move that indicated any near-term moves to change how the Fed manages its massive stock of bonds lay well off in the future.
SPACs are making a comeback.
Short-term U.S. interest-rate futures are now pricing in a bigger chance that the Federal Reserve will deliver a rate hike by September than opt to keep rates where they are.