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Oil Slides, Stocks Rise as Trump Says Iran-Israel Ceasefire Holds

Oil prices sank and stock markets rose Tuesday as US President Donald Trump said a ceasefire between Iran and Israel was taking hold after he berated both countries for violating the truce. In volatile trading, crude futures slumped more than five percent after Trump announced a ceasefire. "This morning's ceasefire further reduced the perceived ...

Oil Prices Drop as Israel Agrees to Ceasefire Proposal

Oil prices sank more than five percent Tuesday after Israel said it had agreed to US President Donald Trump's proposal for a bilateral ceasefire with Iran. Shares in Asia were buoyant, as fears of an energy market shock eased following 12 days of war between Israel and its arch-foe. London, Paris and Frankfurt also rose at the open. At around ...

Crude Sinks as Trump Delays Decision on Iran Strike

Oil prices tumbled Friday and equity traders fought to end a volatile week on a positive note after Donald Trump said he would consider over the next two weeks whether to join Israel's attacks on Iran. Speculation had been swirling that Trump would throw his lot in with Israel, but on Thursday he said he would decide "within the next two weeks" ...

Oil Stabilises After Surge, Stocks Drop as Mideast Crisis Fuels Jitters

Oil prices stabilized Wednesday after surging the previous day on fears of a US intervention in the Israel-Iran conflict sparked by Donald Trump calling for Tehran's "unconditional surrender". Iran and Israel exchanged missiles for a sixth day, with the US president's latest comments appearing to dent hopes that the crisis in the Middle East ...

MEA Adds Extra Flights to Istanbul, Cairo and Milan

Amid a wave of cancellations and delays, Middle East Airlines (MEA) has announced the addition of extra flights to accommodate rising passenger demand. These flights aim to assist travelers affected by recent disruptions and will include routes to Istanbul on June 16 and to Cairo and Milan on June 17. In an official statement released Monday, the ...

The Iranian Regime of War and Death

When I was in elementary school in Baghdad, in the early 1980s, teachers took us to the streets to shout angry slogans against “Khomeini the Hypocrite” for refusing to end Iran’s war with Iraq. Little did I know that, decades later and well into middle age, I would still be discussing the seemingly endless wars driven by the Islamist ...

Val Kilmer, Charismatic Star of 'Top Gun' and 'Batman,' Passed Away

American actor Val Kilmer has died at the age of 65 from complications of pneumonia, as confirmed by his daughter Mercedes Kilmer to The New York Times. The actor, whose career saw soaring highs and difficult lows, had been battling the long-term effects of throat cancer since 2014, which left him without his voice but never without his artistic ...

Gold Hits Record above $3,500, Stocks Slip as Trump Fuels Fed Fears

Bullion hit another record Tuesday while the dollar steadied and equities mostly fell as Donald Trump's latest salvo against Federal Reserve boss Jerome Powell added fuel to fears about the central bank's independence. With the US tariff blitz still causing ructions on global trading floors, investors are now dealing with the added worry that the ...

US Stocks Advance Ahead of Looming Trump Tariffs

Wall Street stocks rose ahead of US President Donald Trump's fresh wave of tariffs, while European stocks ended the day lower. The dollar was mostly lower, oil prices wobbled, while gold, viewed as a safe-haven investment, came close to achieving a fresh all-time high. After Tokyo's stock market closed up slightly and Chinese indices steadied, ...

Stocks Savaged as China Retaliation to Trump Tariffs Fans Trade War

Asian equities collapsed on a black Monday for markets after China hammered the United States with its own hefty tariffs, ramping up a trade war many fear could spark a recession. Trading floors were overcome by a wave of selling as investors fled to the hills, with Hong Kong's loss of 12 percent its worst in more than 16 years, while Taipei ...

Dollar Plunges, Stocks Wobble Over Trade War Turmoil

Investors dumped US government bonds, the dollar tumbled and stocks seesawed Friday, capping a volatile week as President Donald Trump's unpredictable tariff policy rattled market confidence. Trump triggered a massive market sell-off last week by announcing universal tariffs, and this week he sparked a huge but short-lived rally by pausing higher ...

Asian Stocks Rise on Electronics Tariffs Exemption, Gold Hits New High

Asian stocks rose Monday as trade war fears were tempered by Donald Trump's announcement of tariff exemptions for electronics, though the dollar weakened and safe-haven gold hit a fresh record amid fears the relief would be short-lived. After the wild gyrations witnessed last week, markets got off to a relatively stable start following news ...

Stocks Rise on Bank Earnings, Auto Tariff Hopes

Stock markets rose Tuesday as investors digested strong bank earnings and shares in several auto giants surged over hopes of tariffs relief from US President Donald Trump. Some stability has returned to markets after last week's roller-coaster ride over Trump's stop-start tariff announcements, but uncertainty remains over speculation of new ...

Stocks Fall as US Restricts Nvidia Chip Exports to China

Wall Street shares fell but European stocks diverged Wednesday after the US government imposed restrictions on exports of a key Nvidia chip to China, the latest trade war salvo between the world's biggest economies. After a relatively peaceful couple of days on markets following tariff-related volatility last week, investors were once again on ...

Stock Markets Mostly Rise as Investors Eye Trade Talks

Stocks mostly rose on Monday as investors assess how the land lies on the trade war front with countries seeking to temper Donald Trump's eye-watering tariffs. Investors were also keeping tabs on China after President Xi Jinping and other top leaders last week discussed plans to boost consumption in the world's number two economy. Markets ...

European Stocks Sink as Trump Puts EU in Tariff Crosshairs

European stock markets tumbled Friday after US President Donald Trump ended a lull in his trade war as he raised the spectre of hitting imports from the European Union with a massive 50-percent tariff. The Paris CAC 40 index and Frankfurt DAX fell by around three percent at one point, with shares in luxury and car companies taking a hit, before ...

Stock Markets Edge up as Trump Softens Tariff Pain for Auto Firms

Stock markets advanced on Tuesday following news that Donald Trump plans to spare automakers from some of his wide-ranging tariffs, boosting hopes of a less combative approach to his trade war. Signs of easing trade tensions are also spurring sentiment, as governments line up to negotiate deals with Washington to avert the full force of sweeping ...

'Bombshell' OPEC+ Output Hike Hits Oil Price

Oil prices slumped on Monday after eight OPEC+ members announced a sharp increase in production, while Asian stocks treaded water in thin trade with major markets closed. The output increase of 411,000 barrels a day announced by Saudi Arabia, Russia and six other members of the oil cartel on Saturday added to concerns about over-supply. The ...

Markets rally after China, US slash tariffs

Stock markets, the dollar, and oil prices rallied Monday after the United States and China declared a 90-day truce in their trade war. At the opening bell in New York, the Dow jumped by 2.7 percent, the S&P 500 by 2.9 percent, and the tech-heavy Nasdaq Composite by 4.2 percent. "Stocks are surging, safe havens are rapidly ...

Cannes Film Festival 2025's Fashion Police: Do’s and Don’ts

The 2025 edition reasserts the Festival’s fashion authority with a stricter code for gala events. Published just one day before the opening ceremony, it caught publicists, fashion houses, and celebrities by surprise. According to the official site: “For gala screenings at the Grand Théâtre Lumière around 7 PM and 10 PM, formal attire ...

Oil Prices Jump on Report of Israel Prepping Iran Strike

Crude prices surged Wednesday following a report that US intelligence suggested Israel was planning a strike on Iranian nuclear facilities, which would send geopolitical tensions into overdrive and fuel regional conflict fears. While safe haven gold pushed almost two percent higher, the news from CNN appeared to be having little detrimental ...

Stocks Track Wall St Sell-Off as US Deficit Fears Grow

Equities sank and Treasuries remained under pressure following sharp losses on Wall Street fuelled by US economy fears as Donald Trump tries to push through fresh tax cuts that could balloon the already huge deficit. A weak auction of 20-year US government debt flashed a warning sign that the bond market was worried about the country's finances, ...

Why was Sharaa Invited to Washington, but not Aoun?

Until late 2024, Syrian President Ahmad al-Sharaa was a U.S.-designated terrorist with a $10 million bounty on his head for leading the al-Qaeda-linked Hayat Tahrir al-Sham. By contrast, Lebanese President Joseph Aoun, who served as commander of the Lebanese Armed Forces (LAF) until his election in January 2025, was widely regarded as one of ...

Greta Thunberg Arrested at Pro-Palestinian Protest in London

London police on Tuesday arrested Swedish climate activist Greta Thunberg during a demonstration held in support of pro-Palestinian hunger strikers, according to Palestinian activist groups. The group Prisoners for Palestine said in a statement that Thunberg was detained under the UK’s Terrorism Act while attending what it described as a ...

Graham: U.S. Decision on Iran “Has Been Made” as Military Buildup Accelerates

U.S. Senator Lindsey Graham said Wednesday that Washington has already taken its decision on Iran, signaling that military action is increasingly likely as American forces continue to deploy across the region and diplomatic talks show limited progress. Speaking in an interview with Sky News Arabia’s The Truth with Hadley Gamble, Graham ...

U.S., Iran Signal Readiness for Talks as Mediators Move to Arrange Ankara Meeting

The United States and Iran have signaled openness to renewed negotiations aimed at easing escalating tensions, according to officials cited in multiple reports, as regional mediators work to organize a potential meeting in Ankara and Washington maintains a heightened military posture in the Middle East. A senior US official told Axios that ...

Iran Open to Discussing Missile, Proxy Issues Ahead of U.S. Talks in Muscat

Iranian officials have indicated on Thursday that they have agreed to discuss the ballistic missile and proxy group issues at Friday’s nuclear talks with U.S. officials in Muscat, Oman, according to the Jerusalem Post. On Wednesday, the U.S. briefly signaled that it would cancel talks with Iran, with a stated reason that Iranian officials ...

Khamenei Adviser Sends Message to Hezbollah

In remarks carried by state-affiliated media, Ali Akbar Velayati, a senior adviser to Iran’s Supreme Leader Ali Khamenei, sent a message on Thursday to Hezbollah affirming Tehran’s willingness to face external threats. Velayati addressed the message to Hezbollah Secretary-General Naim Qassem following the death of Abdul Karim Nasrallah, ...

Hezbollah Parliamentary Bloc Head Meets President Aoun in Bid to Ease Tensions

Senior Hezbollah parliamentarian Mohammad Raad met President Joseph Aoun at the presidential palace on Thursday as Hezbollah moved to de-escalate its dispute with the presidency. The visit, requested by Raad himself, marks a notable shift in tone following a period of near-freeze between the two sides and comes amid heightened regional ...

Vance: Preventing Iran From Acquiring Nuclear Weapons Is a “Red Line”

U.S. Vice President J.D. Vance said Wednesday that preventing Iran from obtaining nuclear weapons remains a top priority for Washington, stressing that President Donald Trump has repeatedly made clear that Tehran crossing that threshold would constitute a red line for the United States. Speaking on The Megyn Kelly Show, Vance said the Trump ...