Oil prices slipped on Wednesday afternoon after initially climbing more than $1 as markets digested a sweeping new round of global tariffs announced by an aggrieved U.S. President Donald Trump from the Rose Garden. The announcement rattled equity markets and fueled uncertainty across commodities, despite initial gains. Both Brent and WTI crude futures lost ground on Wednesday afternoon, …
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United States President Donald Trump hailed on Wednesday this day as the day of “economic independence,” announcing reciprocal tariffs on countries “throughout” the world. Trump said the reciprocal tariffs would help the US economy, while denouncing trade practices by other countries. “We can’t pay the deficits of Canada, Mexico, and so many other countries, we …
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Israeli Prime Minister Benjamin Netanyahu said on Wednesday that the military is currently “dissecting” the Gaza Strip in order to return hostages held by Hamas. “We are now dissecting the Strip and we are increasing the pressure step by step… so they will give us our hostages,” Netanyahu stated. “The longer they refuse to give …
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The United States is significantly increasing its military presence in the Middle East as the Trump administration ramps up pressure on Iran to reach a nuclear deal. US President Donald Trump threatened Iran with “bombing the likes of which they have never seen before,” giving the country a two-month deadline, according to reports. The US …
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The United States will deploy a second aircraft carrier to the Middle East and keep the one that is already positioned there in place, the Pentagon said on Tuesday. The Harry S. Truman carrier strike group, which is already stationed in the region, will be joined by the Carl Vinson carrier strike group, “to …
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Israel’s military has bombed the Lebanese capital, Beirut, for the second time in a week, killing at least three people and threatening the ceasefire it agreed with Hezbollah four months ago. The attack on Beirut’s Dahiyeh suburb, early on Tuesday morning, came without warning and wounded at least seven others, according to the Lebanese Ministry …
United States President Donald Trump has expressed his frustration with his Russian counterpart Vladimir Putin as he believes the latter is “slow-rolling comprehensive ceasefire talks,” Fox News reported on Tuesday, citing sources. According to the sources, due to such behavior, the Trump administration is mulling “aggressive” sanctions enforcement that would affect Russia’s “shadow fleet,” among other things. The …
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United States President Donald Trump said on Monday that the “Iran-backed Houthi Terrorists” have been “decimated” over the past two weeks amid “relentless” attacks. “Many of their Fighters and Leaders are no longer with us. We hit them every day and night — Harder and harder,” Trump wrote in a post on Truth Social, insisting that …
President Trump has threatened Russia with new oil tariffs if it obstructs cease-fire initiatives in Ukraine and has also pressured Ukrainian President Zelenskyy to finalize a rare earth minerals deal with the United States. Ukraine is considering the US draft agreement on rare earth minerals, but internal consensus is needed before making a final decision, …
The price of oil futures jumped on Monday, with both West Texas Intermediate (WTI) and Brent reaching their highest point since late February, with worries on the supply side growing. Recently, United States President Donald Trump warned that he would slap additional tariffs on Russian crude if Russian President Vladimir Putin continues to stall negotiations to end the …