Trump Says Ending the Iran War Will Be a Decision Made with Netanyahu

US Removes Sanctions On Iranian Oil Stranded At Sea To Boost Overall Supply On Thursday, Scott Bessent told Fox News that the US is considering unsanctioning Iranian oil, thereby making the 140 million barrels stuck on Iranian tankers, available to any buyer in the world and not just China, to ease the supply-chain bottlenecks that emerged after the Strait of Hormuz was blocked. In doing so, another formerly sanctioned US nemesis would be allowed free access to global markets, after Russia received a similar "temporary" permit a week earlier.  "In the coming...

France Plans €10 Billion Push To Cut Reliance On Gas and Oil France is shifting its response to rising fuel costs away from short-term relief and toward long-term electrification, according to Prime Minister Sébastien Lecornu. Instead of expanding fuel subsidies after oil prices spiked due to the Iran conflict, the government plans to redirect funding into helping households and businesses transition to electric energy, according to Bloomberg. Under the plan, annual support for electrification will nearly double to €10 billion by 2030, up from €5.5 billion today. The increase will come...

Oil Plunges, Stocks Spike As Trump "Postpones" Military Strikes On Iran After "Productive" Talks; Tehran Denies Contact Update (0745ET): Well that didn't take long - and consider the source - but Iran’s state news agency rejects Trump’s claim of 'constructive conversations' "There is no direct contact with Trump, not even through intermediaries," Fars News reports, citing a source. "Trump backed off after hearing that our targets would be all power plants in West Asia." Oil is rebounding and stocks retreating modestly on the news... IRAN SAYS THERE WAS NO DIRECT OR INDIRECT CONTACT WITH TRUMP...