Oil prices fell sharply Tuesday after President Donald Trump said China can keep buying oil from Iran, a sign that the U.S. is easing its maximum pressure campaign on the Islamic Republic in the wake of a ceasefire with Israel. Global benchmark Brent fell $3.33, or 4.66%, to $68.15 per barrel by 10:18 a.m. ET….
Markets rally, oil falls after attack Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., June 23, 2025. Brendan McDermid | Reuters Stocks rose and oil prices fell after Iran’s attack appeared more limited than initially expected, easing investors’ concerns. The Dow Jones Industrial Average added 374.96 points, or…
A cargo ship cruises toward the Strait of Hormuz off the shores of Khasab in Oman on Jan. 15, 2011. Marwan Naamani | Afp | Getty Images BEIJING — The recent flare-up in Middle East tensions isn’t denting Chinese business optimism about opportunities in the region. Chinese shipments to Dubai’s logistics hub have risen by…
US Secretary of Defense Pete Hegseth holds a bilateral meeting with NATO Secretary General Mark Rutte (2nd L) at the Pentagon in Washington, DC, April 24, 2025. Brendan Smialowski | AFP | Getty Images Fireworks could kick off during NATO’s annual summit this week, as the U.S. pushes its allies to sharply increase their defense…
Oil prices jumped more than 7% on Friday, hitting their highest in months after Israel said it struck Iran, dramatically escalating tensions in the Middle East and raising worries about disrupted oil supplies. Eli Hartman | Reuters Oil markets are entering a new phase of uncertainty after the U.S. joined the war between Iran and…
Portraits of Iranian military generals and nuclear scientists, killed in Israel’s June 13 attack are displayed above a road, as a plume of heavy smoke and fire rise over an oil refinery in southern Tehran, after it was hit in an overnight Israeli strike, on June 15, 2025. Atta Kenare | Afp | Getty Images…
U.S., Israel and Iran flags are seen in this illustration taken June 18, 2025. Dado Ruvic | Reuters Oil prices fell about 2% on Friday, as President Donald Trump holds off for now on helping Israel to destroy OPEC member Iran’s nuclear program. Global benchmark Brent fell $1.84, or 2.33%, to close at $77.01 per…
A KC-135 Stratotanker aircraft refuels a B-2 Spirit aircraft with the 509th Bomb Wing over Kansas Aug. 29, 2012. U.S. Air Force photo DUBAI, United Arab Emirates — Iran is staring down the possibility of seeing its most important nuclear facilities hit by a 30,000-pound American bomb. White House officials told NBC News this week…
BERLIN, GERMANY – MAY 12: Israeli President Isaac Herzog speaks during a press conference with German President Frank-Walter Steinmeier (not pictured) at Schloss Bellevue presidential palace on May 12, 2025 in Berlin, Germany. Carsten Koall | Getty Images News | Getty Images Israeli President Isaac Herzog said Wednesday that his country was not pursuing regime…
View of the Skytree from Ueno and Asakusa in Tokyo Jackal Pan | Moment | Getty Images Asia-Pacific markets fell Wednesday, as escalating tensions between Israel and Iran weigh on investor sentiment. Adding fuel to fire, U.S. President Donald Trump is weighing a military strike on Iran, while demanding the country’s leader Ayatollah Ali Khamenei…
