The U.S. Senate passed a nonbinding resolution opposing clemency for the convicted crypto exchange founder. The U.S. Senate unanimously passed a nonbinding resolution opposing clemency for Sam Bankman-Fried, founder of the collapsed crypto exchange FTX. The move follows Ba
The International Energy Agency warns China’s export restrictions on rare earths could disrupt $6.5 trillion in downstream production outside the country. China’s expanded rare earth export controls may endanger $6.5 trillion in global downstream production, the Internatio
CENTCOM confirms the strike on a sanctioned tanker near Kharg Island as part of expanded US naval restrictions on Iran. US forces disabled an Iran-linked oil tanker near Kharg Island in the Persian Gulf on July 15, enforcing a renewed naval blockade. The unladen vessel was
Washington targets Brazil with 25% tariffs on specific goods after a probe finds unfair trade practices under Section 301. The US will levy 25% tariffs on certain imports from Brazil, citing unfair trade practices identified in a year-long investigation under Section 301 o
Lawmakers aim to finalize the CLARITY Act before the Senate breaks, with a revised draft expected this week. US President Donald Trump will meet with senators on Thursday to discuss the CLARITY Act, a crypto market structure bill, as negotiators push to pass it before the
Gulf producers aim to reduce reliance on the Strait of Hormuz amid Iran tensions, targeting Japanese investment for pipeline projects. Saudi Arabia and the UAE have formally requested Japanese financial and strategic support for pipeline projects designed to bypass the Str
Kuwait and Bahrain report attacks amid US-Iran conflict The conflict between the US and Iran has widened, with Kuwait and Bahrain reporting attacks. Multiple explosions were reported across Kuwait following Iranian retaliatory missile strikes. Kuwait's air defences
The release of a US citizen by Iran may ease geopolitical tensions, potentially capping gains in oil and the USD. Iran released an American citizen detained in 2024, a move former President Trump described as a 'gesture of goodwill.' The development marks a rare positive i
Wheat prices surge due to Black Sea export threats Wheat prices in the U.S. and Europe have increased significantly due to the escalating Russia-Ukraine war. The rising frequency of Ukrainian drone strikes against Russian infrastructure has shut down shipping route
U.S. President considers expanding military actions in Iran following security briefings, escalating a nearly five-month conflict. President Donald Trump is evaluating options to expand military operations against Iran after recent high-level national security briefings. T
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