US plans to penalize nations trading with Iran lift oil prices amid fears of broader Middle East supply disruptions. West Texas Intermediate crude trades at $84.70 per barrel in Asian hours, recovering from a 2% drop as the US escalates sanctions on Iran. The Treasury will
Iran’s economy minister signals readiness to retaliate against US sanctions, citing support from China and Russia amid escalating tensions. Iran’s Economy Minister Ali Madanizadeh declared the country is prepared to counter US sanctions, warning adversaries to expect an of
Washington’s expanded Iran sanctions disrupt crude and gas flows to major importers, threatening regional energy supplies and trade balances. The US has intensified sanctions on Iran, targeting its remaining trade partners by restricting access to the US financial system.
The Australian Dollar declined as US sanctions on Iran dampened risk sentiment, with traders also focusing on upcoming RBA minutes. The Australian Dollar fell 0.28% against the US Dollar early Monday, pressured by weakened risk appetite following US Treasury sanctions on I
The Australian Dollar declines ahead of RBA minutes and US inflation data after US sanctions on Iran dampen market sentiment. The Australian Dollar fell 0.28% against the USD to 0.7159 as risk appetite weakened following US sanctions on Iran-linked entities. The move targe
Treasury Secretary Bessent frames Iran sanctions as a warning shot, easing market fears of broader restrictions and pressuring oil prices. Brent crude fell to around $93 and WTI to $85, extending Monday’s pullback as investors digested a softer US stance on Iran sanctions.
Brent crude falls to $92 and WTI to $85 after traders dismiss expanded US sanctions as already priced in. Oil prices declined by roughly $2 on Monday, with Brent settling near $92 and WTI around $85, as traders largely shrugged off fresh US sanctions on Iran. The sell-off
The Mexican Peso declined over 0.25% against the US Dollar despite higher-than-expected inflation data for early August. The Mexican Peso weakened against the US Dollar on Monday, with the USD/MXN pair climbing more than 0.25%. The move came despite inflation accelerating
Mexican Peso declines despite higher inflation and GDP growth, as US sanctions on Iran weigh on market sentiment. The Mexican Peso weakened against the US Dollar, with USD/MXN trading up over 0.25% at 16.96. The move came despite Mexico’s inflation rising to 3.26% in the f
U.S. plans 50% tariffs on Canadian autos from January 1, 2027, escalating trade tensions amid broader geopolitical threats. Former President Trump announced plans to impose 50% tariffs on Canadian autos beginning January 1, 2027, citing trade imbalances. The move follows b
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