Just two days after announcing sweeping sanctions of 25% on almost all Canadian imports as well as all Mexican imports, President Trump promised to pause the implementation of the levies for 30 days following urgent talks with the leaders of the two countries. Oil markets reacted, with WTI dropping 3.3% and Brent falling 2.3%. Natural gas prices also fell significantly, …
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United States Donald Trump’s administration asked Congress to approve an arms sale valued at around $1 billion for Israel, the Wall Street Journal reported on Monday, citing US officials familiar with the matter. According to the report, the transfer will include 4,700 1,000-pound bombs, valued at more than $700 million, and Caterpillar Inc.’s armored bulldozers, …
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President Trump and Canadian Prime Minister Justin Trudeau announced a temporary deal Monday evening to halt the imposition of 25% tariffs on each other’s imports for 30 days while a final border security pact gets hashed out. Trump, 78, and Trudeau, 53, spoke on the phone twice Monday before announcing the agreement, with Canada set …
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WASHINGTON/BRUSSELS, Feb 3 (Reuters) – U.S. President Donald Trump has paused new tariffs on Mexico for one month after Mexico agreed to reinforce its northern border with 10,000 National Guard members to stem the flow of illegal drugs, particularly fentanyl, he said on Monday. The agreement also includes a U.S. commitment to act to prevent …
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International oil and gas prices will see a limited short-term impact from President Trump’s new tariffs on Canada, Mexico, and China, according to Goldman Sachs. On Saturday, the U.S. Administration announced that additional tariffs would be implemented on February 4 on these countries. Canada and Mexico face 25% tariffs, with Canadian energy slapped with a lower, …
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Summary : In 2023 based on IOC reports and gathered data, oil production in the Kurdistan Region fell short of 100 million barrels, marking a significant decline from the 158 million barrels produced across all fields in 2022. This represented a staggering 42 percent decrease in oil production and a corresponding 67 percent reduction in …
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Mexican President Claudia Sheinbaum stated that the country will implement “tariff and non-tariff measures in defense of Mexico’s interests” as part of the country’s “plan B” in response to United States President Donald Trump’s 25% tariff on Mexican imports. “We categorically reject the slander made by the White House against the Government of Mexico regarding alleged alliances …
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