Fed Chair Nominee Kevin Warsh Reveals Assets Worth Over $190 Million

Yemen said that Saudi Arabia bombed the airport in the capital city as a plane attempted to return from Iran. It is the second time this month that Sanaa reported Riyadh attempted to interfere with a plane returning to Yemen from Iran.  On Monday, officials from the ruling Ansar Allah party said that Saudi bombs […]

China's Return To The Oil Market Could Boost Inflation Submitted by Tsvetana Paraskova of OilPrice.com The U.S.-Iran agreement to reopen the Strait of Hormuz could prompt China to return to buying more crude after months of multi-year-low purchases, which could reignite inflationary pressures despite the expected ease of oil flows from the Middle East.    Late on Sunday, the U.S. and Iran announced a deal to reopen the Strait of Hormuz more than 100 days after its closure. This re-opening could happen as soon as an agreement is signed on Friday. News...

Oil Tumbles On Iran Deal Buzz As Rubio Still Insists 'Denuclearization' Is The 'Ultimate' Goal Summary Rubio: The "ultimate deal" is the denuclearization of Iran, while Omani talks focus on reopening Hormuz. Stalemate persists: Iran refuses nuclear negotiations until the conflict ends, leaving both sides far apart. Deal optimism sees oil slide: Brent fell below $80 on reports of progress in Oman-mediated Hormuz talks. Bessent claims a Hormuz agreement could come "today or tomorrow". Major doubts remain given Iran denies formal talks, security risks persist and the reported Oman plan could leave Tehran with broad...