In Iran's capital, weapons demonstrations send a signal at home and abroad as threat of war remains Iran is displaying its military might and training citizens in weapons handling. This show of force comes as U.S. President Donald Trump threatens renewed conflict. The displays aim to deter external threats and rally domestic support. Iranians are facing economic hardship and uncertainty. The government is encouraging citizens to volunteer… The Economic Times · May 21
Japan records bigger exports and imports in April, despite oil supply concerns Japan has reported its exports soared nearly 15% in April from a year earlier as its trade remained robust despite worries over supplies of oil and gas due to the war in Iran The Independent UK · May 21
US seeks to boost energy exports to India as Rubio visits Delhi The Trump administration is aiming to increase energy exports to India, with Ambassador Sergio Gor highlighting India's receptiveness to diversifying its energy sources. This comes as India faces an energy crisis due to the ongoing war with Iran, which has disrupted vital shipping lanes. Secretary of State Marco Rubio's upcoming… The Economic Times · May 21
FED:Aussie shares rebound, oil falls on Iran deal hopes Hopes of an end to the Middle East energy crisis are supporting equities, as US-Iran talks continue and after three oil tankers crossed the Hormuz Strait. AAP · May 21
Shares bounce on peace deal hopes, rate expectations A surprise uptick in employment has reduced the likelihood of a June interest rate hike, adding fuel to a local relief rally sparked by Iran peace deal hopes. AAP · May 21
Trump's revenge tour against Republicans could cost the party in November Donald Trump is purging Republican politicians who have not shown him loyalty. This strategy energizes his core supporters. However, some Republican strategists believe this could hurt the party's chances in the upcoming midterm elections. Candidates in competitive races may feel pressured to align closely with Trump, potentially alienating moderate voters. The Economic Times · May 21
Trump, Netanyahu had tense phone call on future of Iran war: reports US President Donald Trump and Israeli Prime Minister Benjamin Netanyahu held a tense phone call regarding the war on Iran. Washington favors a deal, while Netanyahu wants to resume strikes to weaken Iran. Mediators are working on a peace memo. Trump believes a deal is possible but is ready for… The Economic Times · May 21
'PM's hair was on fire': Donald Trump & Netanyahu spar over Iran war's next steps in heated phone call US President Trump and Israeli PM Netanyahu clashed over Iran diplomacy, with Trump favoring a deal and Netanyahu pushing for military action. Mediators from Qatar, Pakistan, and others are working on a revised proposal, but Trump warns the window for talks is closing, while Israel remains on high alert. The Times of India · May 21
China kept building its crude stockpile in April despite Iran crisis China is accumulating crude oil reserves even as imports decrease. This contrasts with global trends of depleting oil stocks. The nation's refinery processing has also slowed. Analysts suggest China could sustain this inventory build for years. Future import levels and fuel export decisions will determine if China begins drawing down… The Economic Times · May 21
Gold steady as US-Iran peace deal hopes offset inflation fears Gold prices held steady as optimism surrounding a potential U.S.-Iran peace deal countered concerns over oil-driven inflation and rising global interest rates. While U.S. Treasury yields and oil prices dipped on hopes of a Middle East accord, Federal Reserve minutes indicated a potential for policy firming if inflation persists above… The Economic Times · May 21
Dollar rally pauses on Iran deal hopes; yen edges back from intervention zone Hopes for a Middle East peace deal between Washington and Tehran have caused the US dollar to retreat from a six-week high. President Trump indicated negotiations are in their final stages, though he also warned of potential further attacks. The Economic Times · May 21
The Economic Times · May 21 Oil prices today: Why are International oil rates rising after two days of losses? Oil price today: Brent crude futures rose 81 cents, or 0.77 per cent, to $105.83 a barrel, and U.S. West Texas Intermediate futures were up 97 cents, or 0.99 per cent, at $99.23.
The Economic Times · May 21 Oil rebounds on uncertainty over Iran peace deal and inventory drawdowns Oil prices surged Thursday amid persistent supply worries stemming from the Iran war's uncertain conclusion and a significant U.S. inventory draw. Concerns are mounting over dwindling global stockpiles as the Strait of Hormuz remains largely inaccessible, impacting crucial energy shipments. Analysts suggest a breakthrough in talks is unlikely if concessions…
The Economic Times · May 21 Global Market Today: Asian stocks rise on Iran optimism, Nvidia slips Asian equities surged, mirroring Wall Street's gains as optimism surrounding US-Iran talks eased Middle East tensions. Crude oil and bond yields declined, while South Korean stocks and Samsung Electronics saw significant increases. Despite a general market rebound, Nvidia's shares experienced a slight dip following its sales forecast.
The Economic Times · May 21 Iran warns any renewed conflict with the US could spread 'far beyond the Middle East' Iran said on Wednesday it was examining a new US proposal to end the Middle East war, as President Donald Trump described the talks as being on the "borderline" between a deal and renewed strikes. Ghalibaf warned of a "forceful response", while Iran's Revolutionary Guards said any renewed conflict would…
Evening Standard · May 20 Consumer confidence rises slightly following signs of Iran ‘de-escalation’ Confidence in the economy over the next three months remains firmly in negative territory at minus 48, but up from minus 53 last month.