Trump Announces US Will Impose Security Fees in Strait of Hormuz

Saudi Arabia Vs UAE By Benjamin Picton, Senior Market Strategist at Rabobank The Little Red Hen Markets are bulled-up this morning on prospects for peace in the Iran war. The S&P500 and NASDAQ closed at fresh all-time highs and Brent crude prices closed 7.8% lower at $101.27/bbl. While some analysts are understandably wary of another Axios report touting progress in Middle East relations (and therefore lower oil prices!), markets are clearly not in a mood to look a gift horse in the mouth. Iranian foreign ministry spokesman Ismail Baghieri told news sources that...

Beijing Blacklists 14 EU Firms After Brussels Targets Chinese Companies In Latest Russia Sanctions Package Via The Cradle Beijing prohibited 14 EU companies from obtaining Chinese dual-use goods on Friday, targeting Europe's defense industry shortly after the EU included 14 Chinese and Hong Kong firms in its 21st sanctions package against Russia. Announcing the measures with immediate effect, the Chinese Commerce Ministry called the bloc's conduct "egregious" and demanded the EU "immediately correct its wrongdoing, eliminate the egregious impact, and safeguard the overall interests of China–EU relations with concrete actions." AFP/Getty Images The restrictions...

Trump Escalates Tariffs On EU Vehicles To 25%, Accusing Bloc Of Trade Deal Violations President Donald Trump announced Friday that the United States will raise tariffs on cars and trucks imported from the European Union to 25% starting next week, citing the EU’s failure to comply with a 2025 bilateral trade framework. "I am pleased to announce that, based on the fact the European Union is not complying with our fully agreed to Trade Deal, next week I will be increasing Tariffs charged to the European Union for Cars and Trucks...