High-level negotiations between U.S. and Iranian officials in Muscat focused on a new nuclear deal. The deal includes several new provisions, such as indefinite weapons inspections in Iran and access to financial records of companies linked to the IRGC. Iran is pushing for more sanctions relief and guarantees regarding Israel’s military presence in the region. …
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Crude oil prices declined by over 1% on Wednesday after the International Energy Agency (IEA) significantly lowered its 2025 demand outlook, projecting growth at its weakest level in five years and cautioning that worldwide oversupply could continue through 2026. Meanwhile, API figures revealed a 2.4 million barrel increase in US crude stocks last week, contrary …
United States President Donald Trump announced via TruthSocial on Sunday that “nobody is getting off the hook for the unfair Trade Balances, and Non Monetary Tariff Barriers,” explaining that there was no tariff exception on Friday. He clarified that a 20% Fentanyl levy still applies on Chinese electronics. “They are just moving to a different …
Billionaire and Pershing Square Capital Management CEO Bill Ackman called on United States President Donald Trump on Sunday to pause the 145% tariff on Chinese goods for 90 days and lower it to 10% during this period, just as he did for other countries. “The benefit of waiting 90 days is two fold. It gives all US businesses …
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WASHINGTON (AP) — The U.S Treasury Department on Wednesday issued new sanctions targeting Iran’s nuclear program, just days before senior American and Iranian officials are expected to hold talks in the Middle East sultanate of Oman. Five entities and one person based in Iran are cited in the new sanctions for their support of Iran’s nuclear …
The US Treasury sold $22 billion in 30-year bonds on Thursday at a yield of 4.813%. The result represents a 30 basis points increase in the past month from level of 4.51%, and a increase from the 52 week low of 3.90% and a almost 100 bases (1%) point rise As i was preparing to …
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Mark Spitznagel, a well-known investor, has said that yesterday’s stock market decline may be a precursor to a larger event in the future. Referring to the plunge as a “trap,” he said that he anticipates an “80% crash when this is over,” according to a MarketWatch report. “I just don’t think this is it,” …
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“Thank you on behalf of all Americans,” Ackman Billionaire hedge fund investor Bill Ackman on Wednesday praised President Trump’s decision to implement a 90-day pause on reciprocal tariffs against foreign trading partners, with the exception of China. “This was brilliantly executed by @realDonaldTrump,” Ackman wrote on the social platform X. “Textbook, Art of the Deal.” His praise …
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United States President Donald Trump took to Truth Social on Wednesday to urge the nation to “BE COOL,” as everything “is going to work out well.” “The USA will be bigger and better than ever before!” he insisted. Trump’s comments come as the trade war across the globe is heating up. After Washington’s reciprocal tariffs went …
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Crude oil prices extended their losses on Wednesday, plunging by more than 6% after China announced it raised its trade duty on goods from the United States from 34% to 84% in response to US President Donald Trump’s tariffs, including a cumulative levy rate of 104% on Chinese imports. West Texas Intermediate (WTI) for May’s settlements plummeted by 6.55% at …
Continue reading “Oil dips 6.5% after China’s new tariffs on US goods”