Iran finalizes deal to unlock $12 billion in frozen funds amid stable Strait of Hormuz shipping conditions. Iran has completed negotiations to release $12 billion in frozen assets, according to officials. The agreement was finalized during talks in Switzerland, easing fina
The New Zealand dollar weakens as hawkish Fed policy drives broad USD strength, pushing NZDUSD toward critical support levels. The NZDUSD pair dropped to a new low of 0.5709, approaching a key support zone between 0.5688 and 0.5698. The decline follows a sharp reversal fro
UK tops green finance rankings for eighth year The UK has maintained its position as a leader in green finance, topping the rankings for the eighth consecutive year. Global instability has deepened since 2022, with conflict and tariff wars disrupting trade.
Rising Middle East tensions cut Saudi domestic fuel supply, driving increased purchases of Russian fuel oil despite export declines. Saudi Arabia has increased imports of Russian fuel oil as regional conflicts disrupt domestic oil and gas production, straining power genera
Legislation backed by Trump and House leadership targets congressional stock trades and political wagers amid heightened scrutiny. A new bill introduced in the House would prohibit lawmakers, their spouses, and dependent children from betting on political or election outco
Treasury issues temporary license allowing Iran to sell oil until August 21 as part of broader sanctions relief talks. The US Treasury has authorized a 60-day waiver permitting Iran to resume limited oil exports, effective immediately. The license, set to expire on August
At $150 million a month from July 1, 2026, through the end of 2029, a new computing agreement between SpaceX and open-source AI startup Reflection AI would add up to roughly $6.3 billion over its full life, according to CNBC. Through the arrangement, Reflection gains immed
Trump’s new standard deduction for 65+ Americans will benefit the rich — unless you prepare yourself now Moneywise and Yahoo Finance LLC may earn commission or revenue through links in the content below. With a multibillionaire in the Oval Office, there's rarely been a bet
Despite the interim US-Iran deal and a considerable fall in oil prices, risk assets have barely moved, with the S&P 500 still beneath its record high from early June and credit spreads widening. The puzzle reflects four competing forces, Deutsche Bank analyst Henry Allen a
The new consortium offers up to $200m each for hull and cargo risks amid rising tensions in the Strait of Hormuz. Lloyd’s and Chubb have established a marine war risk insurance consortium for the Strait of Hormuz, providing up to $400m in total capacity. The facility, avai