BlackRock Turns Bullish on U.S. Stocks as Strong Earnings Offset Middle East Risks
BlackRock has upgraded U.S. equities to “overweight,” joining other major Wall Street firms in arguing that strong corporate earnings can help cushion the market against the economic fallout from the Middle East conflict. The BlackRock Investment Institute raised its view on U.S. stocks from “neutral,” citing resilient profit expectations and what it sees as limited […]
Lawmakers Force New Vote on Limiting Trump’s Iran Military Action Amid Ceasefire Uncertainty
The U.S. Senate was set to vote on a resolution aimed at limiting President Donald Trump’s authority to continue military action against Iran without congressional approval, reflecting growing alarm in Washington over how far the conflict could go and who has the constitutional power to decide. Senate Democratic Leader Chuck Schumer said Congress needed to […]
Trump Escalates Pressure on Iran, Warning of New Infrastructure Attacks Over Blocked Shipping Route
President Donald Trump sharply escalated his rhetoric toward Iran on April 5, threatening to target key pieces of the country’s infrastructure if Tehran does not reopen the Strait of Hormuz, one of the world’s most important oil-shipping routes. In a Truth Social post published on Easter Sunday, Trump warned that Tuesday would be “Power Plant […]
White House Summons Defense Giants to Speed Missile Output as Iran Strikes
Senior executives from America’s largest defense contractors are expected at the White House for talks focused on accelerating weapons production, as the Pentagon scrambles to rebuild inventories depleted by strikes on Iran and other recent military demands. The meeting, scheduled for Friday, reflects the urgency in Washington that the U.S. has spent years drawing down […]
Iran War Shock Raises Risk of an Oil-price Spike and Tests The Fed
Federal Reserve officials are starting to assess how an expanding U.S.-Iran conflict could affect the American economy—and investors are already reacting by pushing expectations for interest-rate cuts further into the future. The conflict, which has spread through attacks by Iran and its regional proxies and has heightened global risk aversion, could hit the U.S. through […]
High Risk, High Reward: Trump’s Decision to Hit Iran Reshapes Presidency and Middle East
President Donald Trump’s decision to launch strikes against Iran—coordinated with Israel—represents the most consequential foreign-policy gamble of his second term, one that could either reinforce U.S. deterrence or spiral into a regional conflict that undermines his domestic agenda. The operation marks a sharp departure from Trump’s campaign posture as a dealmaker who promised to avoid […]
Oil Slips as Trump’s Tariff Hike Stirs Global-Growth Fears, Offsetting Middle East Risk Premium
Oil prices fell about 1% after a weekend jolt from U.S. trade policy revived worries about global growth and fuel demand, even as tensions between Washington and Tehran had pushed crude sharply higher the week before. In Asian trading, Brent futures dropped roughly 1.2% to about $70.89 a barrel, while U.S. West Texas Intermediate (WTI) […]
Iran’s president Ebrahim Raisi says it will spend $6bn US prisoner swap funds ‘wherever we need it’
Iran’s president has said his government will decide how it will spend $6bn released by the United States under a prisoner exchange deal. The US has issued a sanctions waiver for international banks to transfer the billions in frozen Iranian funds – paving the way for the release of a British national and four Americans […]
Americans detained in Iran moved to house arrest under prisoner swap deal
Five Americans imprisoned in Iran have been released and placed under house arrest as part of the first step of a planned prisoner exchange between Tehran and Washington, officials have said. The US-Iranian dual nationals include businessmen Siamak Namazi, 51, and Emad Shargi, 58, as well as environmentalist Morad Tahbaz, 67, who also has British […]
American jailed in Iran appeals to Biden in unprecedented interview from country’s best-known prison
During an unprecedented interview with CNN from inside Iran’s notorious Evin prison, the longest-serving American in Iran made an emotional plea to US President Joe Biden to put “freedom of innocent Americans above politics” and intensify your efforts to win their release. “I continue to be deeply concerned that the White House doesn’t realize how […]
