President Donald Trump has rejected Iran’s latest proposal for a seven-day ceasefire and a reopening of the Strait of Hormuz. Trump turned down Iran’s proposal to partially open the Strait of Hormuz and restart nuclear discussions if Washington ended the blockade. US Officials stated that Trump did not accept the terms because he is …
Continue reading “Trump Rejects Iran Proposal — But Is a Joke Deal Still Coming?”
Lashing out at his country’s critics, Israeli Prime Minister Benjamin Netanyahu angrily dismissed allegations of Israeli genocide in Gaza as “the biggest lie of the century” in a defiant speech to the U.N. General Assembly that asserted his nation’s right to wage war against Iran. Scores of delegates trooped out of the hall in protest. …
Negotiations between the United States and Iran entered the technical stage, an Al-Jazeera reporter unveiled on Friday, citing sources. The sources went on to add that the discussions are taking place in New York, with the atmosphere being described as “increasingly positive.” The media outlet revealed that technical experts joined the talks following an initial meeting …
Crude oil futures decreased by 2% on Friday, as investors assessed prospects for a peace agreement between the United States and Iran. Recent media reports claimed that Washington and Tehran supposedly considered a phased deal that could include reopening the Strait of Hormuz and also lifting a US blockade of Iranian ports. In addition, US …
Continue reading “Crude Oil drops on hopes the Straights will be opened up”
US and Iranian negotiators are exploring a phased deal that would see Tehran reopen the Strait of Hormuz and Washington lift its blockade of Iranian ports, according to a person familiar with the discussions. Another trick from the Iranians to buy time. The two countries — which have both refused to make similar agreements …
Continue reading “A Deal For a Phased in Opening of Hurmuz is Close”
A Ukrainian drone strike hit a major oil refinery in Russia’s Perm region, located about 1,500 kilometers from the border, according to unconfirmed reports and regional authorities. Footage circulating on social media showed the unit ablaze and multiple fires burning. “Air defense forces and mobile fire teams have been repelling the attack since early morning. An …
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Yields on the US government’s longest-dated bonds climbed to the highest level in more than two decades, the latest milestone notched in an extended bond selloff driven by inflation and fiscal concerns. The rate on 30-year Treasuries rose as much as four basis points on Thursday to 5.44%, the highest since 2004, after Brent crude …
Continue reading “US 30-Year Yield Hits Highest Since 2004 as Bond Selloff Deepens”
Iranian Parliament Speaker Mohammad Bagher Ghalibaf vowed on Thursday that his country would return the United States to “1970s [interest] rates, plus high gas prices, diesel shortages, and bell-bottoms.” Ghalibaf also mocked the recent development in the US bond market, wishing “Happy 5.1% 10Y America” after the yield on the ten-year note climbed above the …
Continue reading “Iran: We’ll return US to 1970s rates, high gas prices”
Yields on the US government’s longest-dated bonds climbed to the highest level in more than two decades, the latest milestone notched in an extended bond selloff driven by inflation and fiscal concerns. The rate on 30-year Treasuries rose as much as four basis points on Thursday to 5.44%, the highest since 2004, after Brent crude …
Continue reading “US 30-Year Yield Hits Highest Since 2004 as Bond Selloff Deepens”
Crude oil prices rose on Wednesday as supply concerns continued to weigh on the market, fueled by reports suggesting that Saudi Arabia’s East-West pipeline may resume partial operations sooner than a full repair, which could take six to eight weeks to restore the facility to full capacity. Sources cited by The Wall Street Journal noted that …