Iran states coastal areas near the Strait of Hormuz have stabilized, reducing risks to global oil shipping lanes. Iranian state media reported that conditions in coastal cities and islands near the Strait of Hormuz have returned to normal. The strait, a critical route for
The U.S.-Iran war has created a military crisis in the Gulf. But for oil markets, the more dangerous battlefield may now be the futures curve The first shock was geographic. It appeared on maps, vessel-tracking screens, insurance desks, and refinery procurement call
A US trade court struck down Trump's 10% global tariffs 2-1, ruling the duties were not justified under a 1970s trade law; the White House had cited a $1.2 trillion goods trade deficit as grounds. Summary: The US Court of International Trade ruled 2-1 against President Tru
US fires on Iranian targets after warship attack The US has fired on Iranian targets in response to an attack on its warships. The attack on warships prompted the US to take action against Iran. The incident may escalate tensions between the two nations, po
Iran launched an unprovoked assault on three US Navy destroyers, prompting retaliatory strikes on Iranian military sites, Centcom said. Three US guided-missile destroyers—USS Truxtun, USS Rafael Peralta, and USS Mason—were targeted by Iranian missiles, drones, and small bo
A federal trade court invalidates Trump’s 10% tariffs, citing unlawful implementation without congressional approval. A US trade court struck down former President Trump’s 10% tariffs, ruling their implementation violated federal trade laws. The decision hinged on the abse
The industrial manufacturer reported higher-than-expected Q1 2026 sales but warned of margin pressure from rising tariffs. Regal Rexnord posted Q1 2026 revenue above analyst estimates, driven by stronger demand in its motion control segment. The beat was offset by margin c
The U.S. sets a July 4 deadline for the EU to comply with trade terms or face increased tariffs on imports. President Trump has given the European Union until July 4 to meet trade agreement terms or risk facing significantly higher tariffs on goods. The move escalates trad
A federal trade court ruling halts the former president’s proposed 10% tariff on all imports, citing legal overreach. A US trade court ruled against the Trump administration’s proposed 10% universal tariff on all imports, determining the measure exceeded executive authorit
US destroyers are moving towards the Sea of Oman The movement of US destroyers towards the Sea of Oman has been reported. The context of this movement is not clear, but it may be related to regional tensions. There is no information on the immediate market