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Treasury Secretary Scott Bessent predicted that Iran’s remaining oil exports to China will conclude within the next two weeks, effectively leaving Iran in economic isolation. Bessent, in an interview with Fox News on Sunday, revealed that only approximately 15 million barrels of Iranian oil remain for delivery due to t
Iran says reopening the Strait of Hormuz depends on its conditions being met and a negotiated solution, after Trump said he rejected Tehran's proposal. A senior Iranian official said Iran would show no flexibility on its nuclear program even if the US accepted the deal.
Iranian Foreign Minister Abbas Araqchi said reopening the Strait of Hormuz depends on conditions being met and that only a negotiated solution can break the deadlock. A senior Iranian official told Reuters Iran would show no flexibility over its nuclear program even if the US accepted the proposal.
Reuters recaps a week of UN diplomacy that included first shuttle talks between US and Iranian officials since a July ceasefire collapse, plus discussions on Ukraine. It also highlights debate over AI risks, Venezuela’s debt-focused meetings and Sudan’s visa dispute.
Iran says its proposal could reopen the strait and pause regional fighting within seven days if the US agrees. Reuters could not immediately confirm a Wall Street Journal report that Trump rejected the offer.
Crude oil steadied near $94 per barrel on Friday, pausing its recent rally amid reports that the US and Iran were considering a phased deal that could reopen the Strait of Hormuz and lift a US blockade on Iranian ports. Efforts to reach a breakthrough were reportedly underway on the sidelines of the UN General Assembly
Here are some factors that may affect Middle East stock markets on Thursday. Reuters has not verified the press reports and does not vouch for their accuracy. INTERNATIONAL/REGIONAL GLOBAL MARKETS-Bonds shaky, oil eases off highs amid trade, peace talks MKTS/GLOB Oil prices fall as Iran says it is open to diplomacy to
EXECUTIVE SUMMARY * MNI FED: Gov Barr: Base Case Is For Further Hikes: #83aa171c-7fc4-49fd-82f5-351bcb071d96 * MNI IRAN: Security Chief Says In No Rush To Negotiate: #5df7e2ac-e490-4920-91fd-84069fe559a3 * MNI IRAN: Pezeshkian Talks On Nuclear, Hormuz & US Stance In UN Address: #c9b6854d-8cab-47cb-8646-ce411062279c * M
Shopify Inc. (NASDAQ: SHOP ) stock fell Wednesday as short-term market participants executed a “sell the news” profit-taking strategy following an earlier weekly rally. The stock had gained Tuesday after the company announced a partnership with Meta Platforms, Inc. (NASDAQ: META ). The Nasdaq is down 0.96% while the S&
Former Congresswoman Marjorie Taylor Greene has backed the President Donald Trump administration’s plan to cut down on diesel exports, but GasBuddy analyst Patrick De Haan warns the move could do more harm than good in the long term. Banning Diesel Exports is an America First Move In a post on X on Monday, Greene toute
Gov. Gavin Newsom (D) has announced that California will clear regulatory hurdles to allow retailers to sell E15 gasoline to combat high fuel costs amid rising tensions between Washington and Tehran. Trump’s Disastrous War in Iran In a post on X on Sunday, Newsom criticized President Donald Trump. “With Trump’s disastr
President Donald Trump has warned Iran of severe economic consequences or the destruction of its leadership unless Tehran agrees to a deal, while Iranian officials have threatened retaliation. US Stock Futures Rise, Oil Prices Fall as Asian Markets Gain Dow futures rose 120 points, or 0.23%, to 52,199.00, while S&P 500
(The opinions expressed here are those of the author.) By Anna Szymanski Sept 18 (Reuters) — Warnings of machine-driven human extinction kicked off the week, but the market's attention quickly turned to more prosaic matters, namely Middle East energy disruption and the first Federal Reserve rate hike in three years. Am
President Donald Trump is reportedly mulling over whether the U.S. could restart military strikes against Iran, but former counterterrorism chief Joe Kent believes the White House should pull troops out of the Middle East. Trump Touts Big Decision In an interview with Axios on Thursday, Trump said that he had a “big de
Senate Minority Leader Chuck Schumer (D-N.Y.) said Tuesday that President Donald Trump blaming Ukraine for record diesel prices, the same day it emerged that a Russian oligarch with ties to President Vladimir Putin paid for Donald Trump Jr. ‘s wedding celebration, is evidence that the Trump family is “in Putin’s pocket
Brent crude climbed above $108 a barrel as reports said Iran-backed Houthis seized Yemen’s key Red Sea port of Mocha and advanced toward the Hanish Islands. The report also said Asian markets fell and U.S. stock futures were mixed.
Descartes Systems said total revenue rose 15% year over year to $193.6 million and adjusted EBITDA increased 20% to a record $89.8 million. The company also highlighted AI investment plans and the IDELIC acquisition.
President Donald Trump said he would call the Strait of Hormuz the "Trump Strait" during a speech in Dallas. He also repeated the idea while tensions with Iran remained elevated.
Brent crude climbed as high as $100.95, its strongest level since July, after U.S. strikes on five Iranian tankers and fresh retaliation near the Strait of Hormuz.
Iran and Oman are reportedly in the final stage of talks on a temporary safe route in the Strait of Hormuz, with Iranian officials saying an agreement could come in coming days.
US Energy Secretary Chris Wright said a nuclear agreement with Iran may never happen, adding that the United States is degrading Tehran's nuclear capacity and will work with regional allies.
Marvell Technology shares were down 1.33% at $203.74 in premarket trading Thursday as investors rotated away from elevated valuation technology stocks.
FAA is proposing permanent Special Air Traffic Rules restricting aircraft operations in the airspace around President Trump’s Mar-a-Lago resort in Palm Beach, Florida, after a Secret Service request.
Sen. Chuck Schumer criticized President Donald Trump over rising gasoline prices, saying renewed U.S. strikes against Iran pushed oil higher and fueled concerns for American families.
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.
Bernie Sanders and Chuck Schumer criticized President Donald Trump’s proposal to rename the Strait of Hormuz, saying Americans want lower fuel costs and an end to the Iran conflict instead.
President Donald Trump said at a White House briefing that the stock market will rise despite the war in Iran and related oil-price volatility, saying the market is "hitting new records every day."
President Donald Trump floated renaming the Strait of Hormuz to “Trump Strait” in a Truth Social post as regional tensions rose. A report also tied Strait of Hormuz disruptions to higher realized oil prices for OXY and COP.
Brent crude rose above $96 a barrel after fresh U.S. strikes on Iranian targets and Iranian retaliation across the Middle East raised Strait of Hormuz fears.
Iran’s security chief Mohsen Rezaee says “not a single drop of oil” will be exported through the Strait of Hormuz or the Persian Gulf if the “economic war” continues.