Brent crude traded near $92 a barrel on Tuesday, while West Texas Intermediate hovered around $85. Brent had fallen more than 2% in the previous session.
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Brent crude traded near $92 a barrel on Tuesday, while West Texas Intermediate hovered around $85. Brent had fallen more than 2% in the previous session.
Indian exports of rice, tea, and pharmaceuticals to Iran, which have been primarily channelled through Dubai's port in recent years, might be disrupted by planned new U.S. sanctions on Iran and the UAE's freeze on Tehran commerce
New US tariffs on Canadian goods could raise prices for American consumers, with paper products, alcoholic beverages and dairy among the items affected.
After the July policy meeting, Warsh offered little insight on his views of the economy and avoided offering forward guidance on interest rates.
Trump again shared a map labeling the Strait of Hormuz as “NEW US Territory,” escalating tensions with Iran. Tehran says the strategic waterway remains closed until Washington changes course and fulfils its commitments.
The latest tensions follow an Israeli airstrike on Syria's Abu al-Duhur military airbase in Idlib province on August 18.
US Energy Secretary Chris Wright hailed record domestic oil and gas production amid continuing uncertainty in global crude markets
Iran’s Mohsen Rezaei said the Strait of Hormuz will remain closed until the US changes its behaviour and fulfils its commitments, warning regional nations against joining Washington’s economic campaign against Tehran.
The Treasury surprised traders this week with its plan to buy back more debt — touted as a move to improve liquidity of certain older securities, but widely viewed as a move to bring yields down.
Dalio estimates US government revenue at about $5.5 trillion this year against $7.5 trillion in spending, leaving a $2 trillion shortfall. Interest costs alone will be around $1 trillion this year, while about $10 trillion of debt needs to be refinanced.