Cable Crashes As Burnham Signals Challenge To UK PM Starmer

WTI Steady After Biggest Cushing Crude Build In 3 Years; Imports From Venezuela Highest Since 2019 Oil prices remain lower this morning, following the US proposal for a ceasefire with Iran, but off the lows following Iran's rejection. “From the Iranian perspective, Trump’s actions this week have demonstrated that the US can be pressured when Iran threatens further escalation,” said Arne Lohmann Rasmussen, chief analyst at A/S Global Risk Management. Futures had already pared losses as Tehran fired a new wave of missiles at Israel, and signaled little willingness to compromise. Iran’s...

The US is discussing whether to deploy nuclear weapons to additional European NATO member states to assure allies of its commitment to keeping them under its nuclear umbrella, The Financial Times has reported. Currently, the US has B61-12 nuclear gravity bombs deployed in at least five NATO countries under NATO’s nuclear-sharing program: Belgium, Germany, Italy, […]