Investors cheer at US-Iran truce
President Trump’s announcement of an Iran deal including a full reopening of the Strait of Hormuz was met with excitement from investors.
Global stocks surge and oil slumps on US-Iran deal to open the Strait of Hormuz
The US and Iran have agreed on an interim deal to end the war, removing a major overhang for markets and sending oil prices lower.
World Bank says two-thirds of economies face hit from Iran war
The World Bank cut its outlook for global growth this year and said two-thirds of economies have seen prospects deteriorate as the Middle East war disrupts commodity flows and raises the cost of imports.
Oil climbs as US strikes Iran
Oil prices climbed on Wednesday, moving away from a seven-week low touched in the previous session, after the U.S. military launched new strikes against Iran and as market data showed another large draw in U.S. crude stocks.
Iran says no surrender to US, diplomacy ‘wiser’ than war
Iran’s President Masoud Pezeshkian says that “all paths” to a diplomatic solution “remain open from our side”, but warns that “forcing Iran to surrender through coercion is nothing but an illusion”.
Xi prepares to welcome Putin to China four days after hosting Trump
Xi Jinping and Vladimir Putin exchanged “congratulatory letters” on Sunday ahead of the Russian president’s visit to Beijing this week, four days after Donald Trump left China after a high-stakes summit.
Trump says Iran attack held off upon Gulf states’ request
US President Donald Trump says he has agreed to wait two to three days before striking Iran because Saudi Arabia, Qatar and the UAE said they were close to finalising a deal with Tehran.
Zim firms urged to curb energy costs, seek alternatives as US-Iran war stokes inflation
The Confederation of Zimbabwe Industries (CZI) has urged businesses to prioritise energy cost containment, optimize supply chains and seek alternatives, as the ongoing US-Iran conflict stokes inflation and disrupts raw materials access.
Trump and Xi summit ends without any major deals signed
President Donald Trump departed Beijing Friday afternoon local time without any immediate sign that the US and China have resolved thorny challenges dogging their fractious relationship, but with a freshly stabilized relationship with Chinese leader Xi Jinping – for now.
World watches as Trump and Xi to hold high-stakes talks
US President Donald Trump is on his way to Beijing to meet China’s President Xi Jinping and says he’ll have a “long talk” about Iran but trade will be the main focus.