EXPLAINER
Are prices really dropping in the US, as Trump claims?
Donald Trump boasts on social media that since signing of MoU for peace deal, oil is flowing and prices are dropping.
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Rial rebounds and stocks soar, but Iranians still grapple with high prices
After an initial US-Iran agreement is reached, Iranians still await relief at the grocery checkout.
US Federal Reserve holds rates steady under new chair Warsh
In its projections, the US Fed anticipated that rates will rise a quarter of a percentage point by end of 2026.
Huawei CFO’s admissions can be used at criminal trial, US judge rules
CFO Meng Wanzhou said in 2021 that Huawei illegally conducted business in Iran.
Oil prices continue slide amid hopes for peace, opening of Strait of Hormuz
Brent crude drops to lowest price since early March, before signing of framework deal to end US-Israel war on Iran.
Northern Lebanon airport revival brings economic hope for the region
Rene Mouawad Airport to serve Istanbul, Dubai, and Mersin as part of plans to revitalise northern Lebanon’s economy.
Trump administration seeks to halt air pollution lawsuit against Musk’s xAI
US Department of Justice claims NAACP lawsuit threatens ‘national, economic, and energy security’.
US fuel prices to take ‘months’ to normalise after US-Iran deal to end war
Producers will need time to ramp up output, while port bottlenecks and heightened demand will keep US prices up.
US stock market jumps as US-Iran deal stirs hopes for end to energy turmoil
Benchmark S&P 500 rises 1.7 percent, while tech-heavy Nasdaq jumps 3.1 percent.
Robinhood slashes workforce by 10 percent amid restructuring
CEO Vlad Tenev said while the firm is in a strong financial position, it has been a ‘heavily-layered organization’.
Japan’s central bank raises interest rates to highest level since 1995
Bank of Japan hikes benchmark rate to 1 percent, continuing shift away from decades of ultra-low borrowing costs.
