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Oil prices rose Tuesday after a senior Iranian official said the Strait of Hormuz will not reopen until Tehran’s conditions are met by Washington. U.S.Β West Texas IntermediateΒ futures gained 1.3% to close at $83.20 per barrel. Brent crude, the international benchmark, advanced 1.36% to settle at $88.91 per barrel. Prices have gained more than 6% this…
A view of commercial cargo vessels and crude oil tankers are anchored in the Gulf of Oman, off the coast of Muscat, Oman, on June 21, 2026, as they prepare to transit through the critical Strait of Hormuz. Shady Alassar | Anadolu | Getty Images Oil prices remain below their recent peaks even as prospects…
People walk by a giant Spiderman inflatable installation at the south courtyard plaza of Shuncheng Shopping Center on August 2, 2026 in Kunming, Yunnan province, China. Vcg | Visual China Group | Getty Images Hi, this is Evelyn, writing to you from Beijing. Welcome to the latest edition of The China Connection β a snapshot…
Even as Federal Reserve Chairman Kevin Warsh implements measuresΒ to curtail so-called forward guidance β or how the Fed signals its future rate moves β investors are largely expecting an increase in interest rates in the months ahead. The central bank has kept rates on hold all year as officials deliberated next steps withΒ inflation remaining well…
Shares of Australia’s Sunrise Energy Metals jumped as much as 29% on Monday after the rare earth miner secured a $400 million investment in long-term debt financing from the U.S. to support the development of the world’s first primary mine for scandium. The Trump administration’s backing for Sunrise comes as major economies seek to shore…
Rep. Max Miller (R-OH) leaves a House Republican Caucus meeting on Capitol Hill on Nov. 19, 2024, in Washington, D.C. Andrew Harnik | Getty Images Republican Rep. Max Miller of Ohio will remain in his reelection race, after a key deadline passed for the GOP to replace him as its nominee, despite mounting calls from…
Inflation data for July takes center stage in the week ahead, as second-quarter earnings season winds down. Another factor that could influence the market action: updates on the Iran war. Though Treasury Secretary Scott Bessent said early last week that a deal may be coming , that news never materialized. That’s not to say a…
A pedestrian walks by a Verizon store on Nov. 13, 2025 in San Francisco, California. Justin Sullivan | Getty Images Service was down for several hours Saturday afternoon for thousands of Verizon customers in the U.S. The outages began around 3:30 p.m. ET, with Verizon receiving the highest number of complaints at more than 13,000…
A person waves Iranian flag in front of a giant banner as daily life continues amid ongoing tensions between the U.S. in Tehran, Iran, on Aug. 6, 2026. Anadolu | Anadolu | Getty Images Iran on Saturday laid out sweeping demands to the U.S. for reopening the Strait of Hormuz, according to media reports. The…
The chief executive of Ukraine’s leading arms company says Kyiv has “learned the hard way” that military strength is an essential precursor to diplomacy, describing deep strikes into Russian territory as a core tenet of the country’s pressure campaign. Missile and drone maker Fire Point, which says it currently facilitates more than 60% of Ukraine’s…