Global Economy

The US-Iran bilateral trade has been negligible since the past three decades, after Washington imposed sweeping sanctions in 1995.

The supply surge comes after Gulf producers increased exports through ship-to-ship transfers off the UAE and Oman, helping push Middle East crude benchmarks into discounts earlier this week.

US President Donald Trump confirmed Apple and Intel's agreement to design and produce chips domestically, aiming to restore US semiconductor industry leadership.

The US Federal Reserve has decided to keep the benchmark lending rates on hold for the fourth time in a row, in view of the uptick in inflation driven by global headwinds.

The Federal Open Market Committee unanimously decided to keep rates steady in the 3.5%-3.75% target range.

FOMC will meet again in six weeks, according to Warsh.

Even as Warsh refrained from sharing his own economic projections, nine out of 18 FOMC officials have hinted at a possible rate hike in 2026.

The meeting comes after the US President Donald Trump announced a preliminary agreement with Iran to end their conflict.

Reducing the UAE's reliance on the strait will be far from easy.

The pound had come under pressure after the war with Iran began in late February, as surging energy prices threatened to strain Egypt's budget.

At the G7 Summit, Modi pitched an 'IMPACT' initiative to combine G7 funding, India's expertise and Global South ownership for connectivity projects across Africa, Latin America and Pacific Island nations.

BMW forecasts profit margins as low as one percent this year due to declining Chinese demand and Middle East conflict impacts.

Washington and its regional partners are to draft a joint rehabilitation plan for the Iranian economy, with reportedly financing guaranteed at a minimum of $300 billion.

Draft memorandum obtained by Al Arabiya outlines a sweeping roadmap for ending hostilities, lifting sanctions and unlocking $300 billion in economic support for Iran.

The operation near the Strait of Hormuz's edge uses a shuttling tactic that Iran uses to evade sanctions.

BlackRock is cutting about 200 jobs, under 1% of its workforce, continuing regular rightsizing after three cuts in 18 months across investment, operations, and technology roles.

The widely expected move increased the central bank's short-term policy rate from 0.75% and marked its first rate rise since December.

India, France unveil AI, trade, space and infrastructure initiatives as leaders review strategic partnership in Nice.

The trade agreement with New Delhi is within reach, though not imminent, according to a Trump administration official.

Earlier this week, President Donald Trump announced that the United States had secretly transported 100 million barrels of oil through the Strait of Hormuz