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Trump Furious Over Perceived Weak Response to Iran Strikes
President Trump was reportedly angry this week after ordering new strikes on Iran, believing that both Tehran and the media did not view the action as sufficiently powerful, according to two people familiar with his reaction.
Trump Furious Over Perceived Weakness of Iran Strikes
President Trump was reportedly furious this week after ordering new strikes on Iran, believing both Tehran and the media did not view the US military action as powerful enough, according to two people familiar with his reaction.
Ghalibaf warns impulsive decisions will destabilize Iran's energy and markets
Iranian politician Mohammad Bagher Ghalibaf cautioned that wrong strategies and impulsive decisions could reset the board for the worse, triggering an explosion in energy infrastructure and markets and creating a long-term quagmire.
US Inflation Returns to Pandemic Stimulus Levels
A market commentator warns that US inflation has climbed back to levels last seen after the $4 trillion pandemic stimulus, with most Americans reportedly unaware of the situation.
Oil Spikes on US-Iran Tensions, Analysts Flag Supply Risks and $150 Potential
Oil prices initially surged on renewed US-Iran tensions before pulling back, but BNY's Bob Savage warns that supply disruption fears and the fragility of any peace deal could push crude as high as $150.
UAE Pursues Bold Economic Ambitions with Oil and AI Investments
UAE leaders are pressing ahead with ambitious economic plans involving billions of dollars in increased oil production and AI data centers, while maintaining ties with Iran that were key for sanctioned oil trade before the war.
US Officials Warn Trump of Heavy Casualties in Potential Military Operation
CNN reports that officials have informed President Donald Trump that a planned military operation would likely require a significant number of ground troops and could result in heavy US casualties.
ECB's Lagarde Says Short-Term Inflation Expectations Have Risen
ECB President Christine Lagarde stated that short-term inflation expectations have increased, following the central bank's decision to raise key rates by 25 basis points at its June policy meeting.
Trump Warns of Further Strikes on Iran, Says Talks Continue
US President Donald Trump stated that negotiations with Iran are ongoing but warned of additional military strikes later today, in an interview with Fox News.
SpaceX IPO Draws $70 Billion in Retail Orders, Sets Record
Retail investors have placed over $70 billion in orders for the SpaceX IPO, nearly covering the entire $75 billion raise and making it the largest IPO in history by retail demand alone.
US Producer Inflation Jumps to 6.5% in May, Highest Since November 2022
The U.S. Producer Price Index rose 6.5% year-over-year in May, accelerating from 5.7% in April and hitting the highest level since November 2022, according to the Bureau of Labor Statistics.
Trump Announces US Takeover of Iran's Kharg Island, Escalating Conflict
President Trump has effectively announced a US military takeover of Iran's Kharg Island, which controls roughly 90% of Iranian crude oil exports. This would mark the most significant escalation in the Iran conflict to date.
US May PPI Inflation Rises to 6.5%, Highest Since November 2022
May producer price index (PPI) inflation surged to 6.5% year-over-year, exceeding expectations of 6.4% and marking the highest level since November 2022. Core PPI held steady at 4.9%.
Trump Says US Will 'Hit Iran Very Hard Tonight'
US President Donald Trump posted on Truth Social that the United States will hit Iran 'very hard tonight,' claiming Iran's defenses are largely destroyed.
Trump Vows to 'Hit Iran Very Hard Tonight,' Seize Kharg Island and Oil Markets
President Trump announced plans to strike Iran imminently, seize Kharg Island, and assume total control of Iran's oil and gas markets, drawing parallels to U.S. actions in Venezuela.
ECB Hikes Rates by 25 bps, Citing Renewed Inflation Amid Iran War
The European Central Bank raised its key interest rate by 25 basis points, marking the first major central bank hike since 2023. The move was attributed to renewed inflationary pressures linked to the Iran conflict.
Bessent: FISA Critical for Treasury to Counter Terrorist Financing
Treasury Secretary Bessent said FISA is a vital tool to prevent terrorists from using the financial system and to gather intelligence on adversaries like Iran and Hamas, urging Congressional Democrats to prioritize national security over politics.
Iran Defense Ministry Calls for Regional Ceasefire
Iran's defense ministry has called for a regional ceasefire, stating that continued aggression and warmongering will inevitably compel acceptance of a halt to hostilities across all fronts.
CENTCOM Announces Impartial Blockade Enforcement on All Vessels Near Iranian Ports
U.S. Central Command stated that the naval blockade around Iranian ports is being enforced impartially against vessels of all nations, including those in the Arabian Gulf and Gulf of Oman.
CENTCOM Disables 9 Vessels, Redirects 135 Since April 13 Blockade
US Central Command reports disabling nine non-compliant vessels and redirecting 135 compliant ships since starting a blockade on April 13, with 42 vessels allowed through for humanitarian aid.
US aircraft disable two Palau-flagged vessels over Iran blockade violations
US aircraft disabled the Palau-flagged tankers M/T Marivex and M/T Settebello earlier this week for attempting to breach the blockade by sailing to an Iranian port or transporting Iranian oil.
Gold Bounces from $4,000 but Stays Below $4,100
Gold (XAU/USD) edged higher on Thursday, attempting to recover from the $4,000 psychological support level, but remains capped below $4,100 amid geopolitical jitters and shifting Fed rate expectations.
Bears Hold Grip on Brent Despite Middle East Tensions
Brent oil price remains in a $90–$95 range for a fifth day, as markets shrug off renewed Middle East tensions and a large US crude inventory draw.
Iran Denies Reports of Finalized Agreement with US
Iran has denied media claims that a final text for an understanding with the US has been reached, labeling the reports as fabrication.