Bessent blames Ukraine, Iran conflicts for energy shock
Treasury Secretary Scott Bessent said Ukraine’s strikes on Russian energy assets and the Iran conflict are creating upward global price pressure during an energy shock.
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Mongolia faces fuel shortages tied to Russia supply curbs
A Mongolian official told Reuters that fuel shortages in Russia—its main gasoline and diesel supplier—are causing shortages in Mongolia, where witnesses reported long petrol-station queues and sales curbs.
Russia warns of massive strikes on Ukraine energy infrastructure
Russia warned Sunday of “massive strikes” on Ukraine’s energy infrastructure after weeks of Ukrainian attacks on Russian oil facilities. The exchange targets economic systems sustaining the war.
Trump signals tougher Iran economic pressure amid possible Hormuz deal
TradeXchange Newsdesk reports Trump signaled plans to hit Iran’s economy even harder after Bessent flagged new curbs, while Iran and Oman edged closer to a Hormuz deal the U.S. is unlikely to accept without restored free passage.
Russia Faces Fuel Shortages
Russia faces fuel shortages as Ukrainian drones strike refineries, according to Putin.
Iran Pauses Talks
Iran says it is pausing talks with the US after Trump threats, despite negotiators still being engaged
China Keeps LPRs Unchanged
China keeps lending benchmark LPRs unchanged as global markets watch US-Iran talks and UK political uncertainty
Iran Pauses Talks
Iran pauses talks with US after Trump threats, despite negotiators still being engaged