US military intercepts two Iranian attack drones targeting commercial vessels in the Strait of Hormuz, escalating regional tensions. US forces shot down two Iranian one-way attack drones near the Strait of Hormuz after Iran attempted to strike commercial ships transiting t
West Texas Intermediate (WTI) oil price remains subdued after registering over 5.5% losses in the previous day, trading around $85.00 per barrel during the Asian hours on Friday. Crude oil prices declined following statements from US President Donald Trump indicating that
Nikkei index rises over 4% due to potential US-Iran agreement The Nikkei share index saw a significant gain of over 4% due to a potential deal between the US and Iran. Technology shares led the Nikkei's gain, with other markets such as South Korea's Kospi also seei
Delay of key Detroit-Windsor trade link extends freight bottlenecks amid ongoing US-Canada trade tensions under Trump administration. The US and Canada have postponed the opening of the $4.7 billion Gordie Howe International Bridge, a critical trade artery between Detroit
Iranian forces blocked a tanker from transiting the Strait of Hormuz Iranian forces have blocked a tanker from transiting the Strait of Hormuz without prior coordination. The vessel complied with the transit ban after receiving warnings from the IRGC Navy. The incid
Unverified reports suggest Iran’s Mojtaba Khamenei has not endorsed the proposed US deal, casting doubt on its viability. Unconfirmed reports indicate Iran’s new Supreme Leader, Mojtaba Khamenei, has not approved the proposed US-Iran deal, despite commitments from Iranian
The company targets six alpha product launches by fiscal 2026 while keeping its quarterly dividend at $0.02 per share. Zedge announced plans to launch six alpha products by fiscal 2026, aiming to expand its digital content and personalization platform. The company also con
NZ manufacturing PMI falls to 49.9 in May The New Zealand manufacturing sector slipped into contraction in May, with the PMI falling to 49.9 from 50.4 in April. The decline was attributed to weak demand, high fuel costs, and Middle East tensions. The PMI re
Tehran disputes Trump’s assertion of a broad agreement, demanding $24 billion in frozen funds and Hormuz access before any deal. Iran’s Foreign Ministry denied President Trump’s claim that a deal had been broadly approved, including by the Supreme Leader, citing unresolved
Trump cancels Iran strikes, citing progress on a deal that could ease sanctions and reopen the Strait of Hormuz within 30 days. Oil prices fell after President Trump announced the cancellation of planned military strikes on Iran, citing progress toward a framework agreemen
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