Oil Jumps and Global Stocks Slide as Trump Casts Doubt on Iran Ceasefire
Global markets turned sharply uneasy after President Donald Trump cast doubt on the temporary truce in the war with Iran, sending oil prices higher and stock indexes lower as investors recalculated the risk of a wider conflict and renewed inflation pressure. The move came after Trump said the ceasefire was “over,” though he later softened […]
Trump Delays Planned Iran Strike as Gulf Allies Push for New Negotiations
President Donald Trump said he is postponing a planned military strike on Iran that had been scheduled for Tuesday, saying several U.S. allies in the Middle East asked him to hold off because “serious negotiations” are underway. Trump announced the decision Monday 18 April on social media, framing the delay as temporary but saying he […]
Crude Climbs Past $111 With Iran Peace Talks Frozen and Hormuz Risks Unresolved
Oil prices moved back above $111 a barrel as hopes for a diplomatic breakthrough between the United States and Iran continued to fade, keeping traders focused on the risk of a prolonged supply shock. Peace talks had stalled with no clear path to reopening the Strait of Hormuz, one of the world’s most important routes […]
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) […]
Indonesia palm oil firms eye new markets as US trade war casts shadow
Indonesian palm oil companies are seeking new markets in Europe, Africa and the Middle East as they try to protect themselves from the impact of Donald Trump’s trade war, a top industry executive told AFP. Indonesia is the world’s biggest producer of the edible oil — used in making foods such as cakes, chocolate, and […]
