united states

Oil Price Drop: Key Factors Explained

Oil prices plunged on Wednesday due to the escalating trade war between the United States and China, with Brent crude falling below $60 per barrel for the first time in four years. At around 11:20 GMT (13:20 in Paris), the price of North Sea Brent crude for June delivery dropped by 5.52% to $59.35, briefly reaching a low of $58.47 during the ...

US Imposes New Sanctions on Iran's Nuclear Program Before Talks

The United States on Wednesday announced new sanctions targeting Iran's nuclear program ahead of closely watched talks on the row between the longtime adversaries. The Treasury Department said it was imposing sanctions under additional authorities on five entities, including the Atomic Energy Organization of Iran and one individual over the ...

Saudi Top Diplomat in US to Prepare for Trump Visit

Foreign Minister Prince Faisal bin Farhan is in Washington to lay the groundwork for US President Donald Trump's upcoming visit, the first foreign trip of his second term, a Saudi government source told AFP Wednesday. Last month, Trump said he may visit Saudi Arabia as early as April in a reprisal of 2017, when the oil-rich, conservative kingdom ...

Japan to Sell More Rice Reserves as Prices Soar

Japan will sell more rice from its emergency stockpile through July in an attempt to stabilize soaring prices, the agricultural minister said Wednesday. After rice prices nearly doubled year-on-year, the government began auctioning its stockpile last month -- the first time since it was started in 1995. "In order to stabilize rice prices ...

Is Hezbollah Open to Discussions on the Future of Its Weapons?

A senior Hezbollah official told Reuters on Tuesday that the group “would be willing to hold talks on the future of its weapons, in particular with the President of the Republic, Joseph Aoun, provided that the Israeli army withdraws from southern Lebanon and halts its continuous airstrikes against the country.” The aforementioned official ...

Judge Orders White House to Restore AP Access

A US federal judge ordered the White House on Tuesday to restore the Associated Press's access to President Donald Trump's official events, saying it had no right to bar media for their "viewpoints." AP journalists and photographers have been barred from the Oval Office and from traveling on Air Force One since mid-February ...

US Strikes China With 104% Tariffs

US President Donald Trump's punishing tariffs on dozens of economies came in force Wednesday, including over 100 percent in levies against Chinese goods, dramatically ramping up a devastating global trade war. Following the imposition of sweeping 10 percent tariffs have rocked the global economy since coming into force over the weekend, rates ...

US and Russia to Meet Thursday in Istanbul on Restoring Embassy Operations

The United States and Russia will hold talks on Thursday in Istanbul on restoring some of their embassy operations that have been drastically scaled back following Moscow's invasion of Ukraine, the US State Department said. The talks, the second of their kind, come after President Donald Trump reached out to Russia following the start of his ...

US Says Witkoff to Speak with Iran, Rejects 'Negotiation'

The United States confirmed Tuesday that envoy Steve Witkoff would speak with Iran this weekend and said he would issue demands on Tehran's nuclear program rather than negotiate. Witkoff, a friend who has served as President Donald Trump's envoy on both the Gaza and Ukraine wars, will take part in the talks Saturday on Oman, State ...

Iran Says Deal Can Be Reached if US Shows Goodwill

Iran said Tuesday a new nuclear deal could be agreed with the United States provided Tehran's longtime foe shows sufficient goodwill in upcoming talks but warned it would never accept coercion. Israeli Prime Minister Benjamin Netanyahu, meanwhile, warned that "the military option" would become "inevitable" if talks between Washington and Tehran ...

Musk Slams Trump Trade Advisor as a 'Moron'

Elon Musk on Tuesday described Peter Navarro, a senior White House trade advisor, as "truly a moron" and "dumber than a sack of bricks" in a growing rift over Donald Trump's tariff policy. Musk, a key aide to the president, has signaled his opposition to the tariffs, and the Tesla CEO hit out after Navarro described his electric vehicle company ...