Iran insists on releasing $24 billion in frozen funds as a condition for progress, while US officials resist, heightening geopolitical risks. Iran has demanded the release of $24 billion in frozen assets to advance stalled negotiations with the US, with $12 billion due upo
Energy Secretary confirms plans to refill 40M barrels of the SPR once Middle East tensions ease, following record drawdowns. The US will add 40 million barrels to its Strategic Petroleum Reserve after the Iran conflict concludes, Energy Secretary Wright announced. The SPR
June 5 Reid Hoffman, billionaire co-founder of networking website LinkedIn, has decided not to stand for re-election to Microsoft's board of directors at its 2026 annual shareholder meeting, the software giant said in a filing on Friday. Hoffman, who has served on the boar
Stronger-than-expected employment figures push Treasury yields higher as traders price in prolonged elevated rates. A robust U.S. jobs report sent Treasury yields climbing, with the 2-year yield rising 10 basis points to 4.151% and the 10-year yield up 6 basis points to 4.
Attacks on Kuwait and Oman push crude benchmarks up 2-3% for the week, undermining U.S.-Iran de-escalation expectations. Oil markets shrugged off diplomatic optimism after fresh strikes on Kuwait and Oman this week, keeping ICE Brent near $95 per barrel. The attacks disrup
Alsobrooks says Clarity Act needs ethics deal before Senate vote The Maryland Democrat says bipartisan crypto legislation is close, but ethics and illicit finance concerns remain unresolved. Latest developments: Sen Angela Alsobrooks said she will not support the Cl
The token fell 5% to near $1.10, hitting multi-month lows amid high-volume breakdowns and trader uncertainty. XRP extended losses, dropping 5% to approach $1.10 as a liquidation-driven selloff breached key support at $1.20. The breakdown triggered a high-volume cascade, pu
XRP fell 5% to near $1.09 amid forced selling, testing critical support levels despite $1.5 billion in ETF inflows. XRP extended losses to 5%, slipping below $1.10 for the first time in months as high-volume liquidations overwhelmed support near $1.20. The token briefly hi
FAO data shows cereal prices jumped 2.6% in May due to fuel and fertiliser cost spikes linked to Middle East supply disruptions. World cereal prices reached a 19-month high in May, driven by rising fuel and fertiliser costs tied to the Strait of Hormuz blockade. The FAO’s
The Bureau of Land Management auctions drilling rights in Alaska’s Arctic National Wildlife Refuge, reversing prior protections. The US Bureau of Land Management is auctioning oil and gas leases in Alaska’s Arctic National Wildlife Refuge Coastal Plain, marking the first s
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