Tankers in Spain Photographer: DeAgostini/Getty Images (Bloomberg) — The US sanctioned a Greek shipper and two Chinese port-terminal operators that it said facilitated the transport of Iranian oil, broadening a so-called maximum pressure campaign against Tehran. Antonios Margaritis was designated, along with a web of companies overseen by him in Greece and the Marshall Islands,…
US stocks opened higher on Friday on hopes of a dovish Federal Reserve board after President Donald Trump’s temporary pick for a central bank governor post. As of 12:18 PM Eastern, the S&P 500 was up 0.8%, the Dow Jones Industrial Average rose 0.6%, and the Nasdaq added 0.9%. As of 9:57 AM Eastern, the…
By Arathy Somasekhar HOUSTON (Reuters) -U.S. crude oil exports eased in July to the lowest levels in nearly four years on low domestic supplies and as Asian and European buyers found cheaper alternatives, undermining U.S. President Donald Trump‘s push for more foreign countries to purchase U.S. energy supplies. The decline in exports from the top…
Indian equity indices are expected to open on a positive note following mixed global cues. The Asian indices were mixed in morning trade. The GIFT Nifty was trading 0.15% higher at 25,532. Here are key global cues to watch before the market opens that include crude oil prices, FII and DII data, business groups that…
Wall Street investors in the week ahead are expected to focus on key economic data, including monthly non-farm payrolls report, and on Senate Republicans’ push to pass US President Donald Trump’s “One Big Beautiful Act” legislation. The Republicans are planning to vote on the proposed budget reconciliation bill over the weekend. It was passed in…
China’s oil imports from Iran saw a sharp increase in June, driven by accelerated shipments ahead of the recent Israel-Iran conflict and rising demand from independent refineries. The world’s top oil importer and biggest buyer of Iranian crude brought in more than 1.8 million barrels per day from June 1-20, according to ship-tracker Vortexa, a…
Global shipping companies and businesses are closely monitoring developments around the Strait of Hormuz, after Iranian threats to disrupt shipping following the U.S. strikes on its nuclear sites in its “Operation Midnight Hammer“ The U.S. warned Iran that any move to shut the Strait would be “economic suicide” and trigger a severe response. Why It…
Wall Street investors would have plenty of economic data to analyse in the week ahead. A key inflation – Federal Reserve-preferred Personal Consumption Expenditures (PCE) price index, flash PMI readings from the S&P, personal income and spending data, among other economic reports will be released. On Wednesday, the US central bank kept its interest rate…
2025-03-18T05:25:48+00:00 font Enable Reading Mode A- A A+ Shafaq News/ Oil prices rose slightly on Tuesday, supported by instability in the Middle East as well as China’s stimulus plans and data, although global growth concerns, U.S. tariffs and Russia-Ukraine ceasefire talks curbed gains. Brent futures ticked up 17 cents, or 0.2%, to stand at $71.24…
Russian President Vladimir Putin has agreed to help mediate talks between the Trump Administration and Iran on issues including the Islamic Republic’s nuclear program and its support for proxies in the Middle East, anonymous sources in Moscow with knowledge of the development told Bloomberg on Tuesday. U.S. President Donald Trump raised the American request for…