Oil Jumps After Explosion And Massive Fire At One Of The Largest US Oil Refineries

G7 Partners Have Low Confidence In President Trump Confidence in U.S. leadership has fluctuated significantly over the past two decades, closely tracking changes in the occupant of the White House. As Statista's Felix Richter shows in the following chart, based on data from past and present editions of Pew’s Global Attitudes Survey shows, confidence in President Donald Trump among key U.S. allies has mostly been low, although it has edged up slightly compared to the end of his first term. You will find more infographics at Statista Interestingly, Trump’s current ratings are broadly in line with those recorded for...

Watch Live: Fed Chair Powell Speaks At Harvard University Fed Chair Jerome Powell, who has just over a month left in his tenure as head of the world's most important central bank, speaks at 10:30am ET to the Harvard University Principles of Economics class. He is not expected to make monetary policy comments.  As CNBC notes, this will be one of Powell’s final scheduled public appearances before his term ends in May. The discussion comes with markets anticipating the central bank will be on hold regarding interest rates through the end...

Momentum: US Issues 60-Day License For Iranian Oil Sales As Tehran Agrees To Hormuz Access, Nuclear Inspections Update(0935ET): As part of the MoU framework, and ongoing technical peace discussions in Switzerland (with US and Iranian teams still though - though Vance and Ghalibaf have at this point departed after their 18-hour first round achievement - Treasury has issued a temporary 60-day general license authorizing the production, delivery, and sale of Iranian oil - it stated in a huge forward-momentum development. Treasury Secretary Scott Bessent announced on X: Under President Trump and Vice President Vance,...