Global Economy

US Fed FOMC Meeting April: Markets anticipate no immediate rate cuts as policymakers weigh elevated energy prices and global uncertainties.

The tripling of oil costs in such a short period of time has increased the strain on public resources, especially for a country like Pakistan, which is already struggling with debt.

The Senate Banking Committee vote coincides with the US Federal Reserve's meeting, during which Fed officials are expected to keep the benchmark interest rate steady.

Donald Trump has asked aides to prepare for an extended Iran blockade, raising Strait of Hormuz tensions and pressure on oil trade markets.

US Fed FOMC Meeting April: Markets anticipate no immediate rate cuts as policymakers weigh elevated energy prices and global uncertainties.

The FOMC is poised to hold its benchmark interest rate in a range of 3.5% to 3.75% for a third consecutive meeting.

US sanctions 35 entities and individuals linked to Iran's shadow banking network, widening pressure on Tehran's oil revenue and military funding channels.

Pump prices surge to $4.18 a gallon amid stalled nuclear talks and continued disruption in the Strait of Hormuz, while crude extends gains on geopolitical risk

The Conference Board's gauge increased to 92.8, from 92.2 in March, data out Tuesday showed.

Exit of a key Gulf producer shakes cartel unity, but immediate price swings remain tied to Strait of Hormuz disruptions and geopolitical risk.

The exit comes at a time when crude oil prices have topped the $110 per barrel-mark, with analysts fearing that the $120 price tag could be within reach.

While some markets like South Korea and Taiwan are tied to the AI boom, Yardeni sees India as a standout — albeit one currently constrained by high oil prices.

Under the Iranian proposal, talks on Tehran's nuclear activities would be deferred until the war formally ends and disputes over shipping in the Persian Gulf are resolved, the officials said.

The surge in Korean stocks underscores the global pivot toward companies linked to artificial intelligence, which has driven gains in the Asian nation's two biggest listed companies: Samsung Electronics Co. and SK Hynix Inc..

The main reason is the fear of inflation as rising oil prices from the US-Israel war on Iran threatened to push inflation higher in the import-dependent nation.

The agreement also guarantees a minimum of 20 hours per week work during study, and provides extended post-study work opportunities.

The decision is likely to send a chill through China's burgeoning AI sector, and emerged mere weeks before a high-profile summit between US President Donald Trump and China's Xi Jinping.

Brent crude rose 2.2% to $107.66 a barrel, after touching an intraday high of $107.97, while WTI gained 2.2% to $96.47, holding near multi-month highs.

The denial came two days after the US Treasury's Office of Foreign Assets Control reportedly sanctioned Hengli Petrochemical (Dalian) Refinery Co., describing it as one of Iran's largest customers for crude oil and other petroleum product.

Trump briefly commented on Warsh's path ahead when asked by reporters Saturday, saying "I would imagine it's smooth" now that Pirro has dropped the criminal investigation.