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The Emirates accused Iran of its first attack during the cease-fire as the U.S. deployed warships and jets to protect vessels in the Strait of Hormuz
PM will say responsibility to stand with Jewish communities lies with ‘every one of us’ at event on Tuesday
Benchmark Brent crude surpassed $120 per barrel on Wednesday, reaching the highest levels yet seen during the US-Israel-Iran war
Exxon Mobil Corp. and Chevron Corp. exceeded profit expectations as higher oil and natural gas prices outweighed production outages from the Iran war
Leaders held rare talks with Arab and Gulf nations on Friday in Cyprus
Traditional 60-40 portfolio of global equities and fixed income on course for worst month since 2022
MOSCOW, April 29 (Reuters) - Russia plans to stay in OPEC+ despite a decision by the United Arab Emirates to leave, the Kremlin said on Wednesday, voicing hopes the alliance of oil producers would continue to operate amid turmoil in the global energy market. The UAE said on Tuesday it would quit the Organization of the Petroleum Exporting Countries, dealing a blow to the group as an energy crisis triggered by the Iran war has exposed rifts among Gulf nations. The UAE was the fourth-largest producer in OPEC+, while Russia is second, behind Saudi Arabia
Kevin Warsh, Donald Trump’s nominee to be the next chair of the Federal Reserve, vowed to protect the US central bank’s independence if he is confirmed to the role
Israeli President Isaac Herzog has decided to shelve, for now, Prime Minister Benjamin Netanyahu’s request for a pardon in his graft trial, preferring to press the parties to reach an agreement that would terminate the case consensually, his office announced
The Federal Reserve, Bank of Japan and Bank of Canada are expected to keep their rates unchanged this week as policymakers keep a hawkish eye on fallout from the Iran war. The Bank of England and European Central Bank are also likely to echo similar messages and hold rates. Bloomberg’s Mark Cranfield breaks down the situation
The DOJ dropped its criminal investigation into Fed Chair Jerome Powell, clearing the way for the Senate to confirm Kevin Warsh
The Strait of Hormuz oil shock has yet to crash demand as the rich world borrows from its stocks and pays up to secure supply. Traders are now sounding the alarm that a harsh adjustment is coming