Fiscal pressure from Iran War clouds Gulf States’ US spending plans
Gulf nations may prioritise domestic investments over US commitments amid economic pressures, says new report.
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Gulf nations may prioritise domestic investments over US commitments amid economic pressures, says new report.
An intensifying selloff in Treasuries pushed the US 10-year yield above 5% for the first time since 2023, as mounting inflation concern collided with swelling government and corporate borrowing needs.
US Energy Secretary Chris Wright says he expects Saudi Arabia’s East-West Pipeline to the Red Sea to be up and running “very soon.” Wight also discusses flows of crude oil and oil products through the Strait of Hormuz and the status of the US’s strategic petroleum reserve on “Bloomberg Surveillance.” (Source: Bloomberg)
Venezuela produces about 1.2 million barrels a day in total and the US imported 630,000 a day in June 2026. Claims of millions a day overstate it fourfold. The post Venezuela Does Not Produce Millions of Barrels a Day for the US appeared first on The Rio Times.
Chinese researchers have modelled a war game scenario suggesting that a complete economic decoupling between the US and China could, unexpectedly, yield dividends for most other nations. Using a quantitative trade model – a data-based economic framework that estimates how changes in trade affect economies – two researchers based in southern China’s Guangdong province found that if the world’s two largest economies were to sever trade relations entirely, a number of other countries, including...
The widening yield spread between Chinese and American government bonds is unlikely to trigger catastrophic capital flight from China, according to investment executives at Marsh Investment, who attribute the record spread to the United States’ fiscal pressures and global macro trends rather than a structural retreat for Chinese assets. The spread between benchmark 10-year US Treasury bonds and equivalent Chinese sovereign bonds hit a record 3.17 percentage points this week. Yields on US...
US futures were little changed Thursday morning as investors awaited inflation data and results from Oracle Corp. that were set to test investor tolerance for artificial-intelligence spending risk. Oil’s relentless climb as Iran signaled it’s ready for intense war added to inflation concerns.
Brent oil moved closer to $100 a barrel after the US struck Iranian tankers near the Kharg Island export hub and in the Gulf of Oman. Bloomberg's Abeer Abu Omar has the latest. (Source: Bloomberg)
The US and Canada escalated a bitter trade dispute on Tuesday, with Washington imposing new import bans on Canadian alcohol, motorcycles and dairy products as Ottawa's retaliatory tariffs on US goods took effect.
Canada's retaliatory tariffs of up to 50 percent on approximately $19.8 billion worth of US goods came into effect this Tuesday, further escalating the trade war between the two neighbours. At the same time, US President Donald Trump is threatening to ban sales of all Bombardier aircraft in the US, in spite of the Canadian company's deep web of US suppliers. Also in this edition: Iran raises the price of gasoline and French startup Mistral AI is now valued at €21 billion.
Canada's counter-tariffs on billions of dollars in US products took effect Tuesday, as a trade war between the two countries heated up. Ottawa's pushback comes weeks after US President Donald Trump imposed 50-percent tariffs on a similar value of Canadian products, over what Washington deemed as "discriminatory treatment" against US alcohol, automobile and dairy industries.
Copper extended gains, hitting a record high for a second straight session, as tight near-term supplies and expectations the US will tariff imports of refined metal buoyed prices.
Canada is poised to impose tariffs of 15 per cent to 50 per cent on hundreds of products from the US on Tuesday, as Prime Minister Mark Carney bets that standing up to US President Donald Trump will eventually help Ottawa’s negotiating position with its biggest trading partner. Barring a last-minute reprieve, Carney’s government will increase the import tax on many US steel items to 50 per cent from 25 per cent and apply tariffs to a range of consumer items – motorcycles, cosmetics, cheese and...
The Trump administration is intensifying economic pressure on Iran through sanctions and a blockade, with Treasury Secretary Scott Bessent saying Tehran has about 30 million barrels of crude left for potential Chinese buyers. Bloomberg News Middle East Reporter Dan Williams joins Christina Ruffini and Jeff Mason on Bloomberg This Weekend and says the strategy also amounts to a test of endurance, as Washington seeks to outlast Tehran while managing its relationship with China and domestic political pressures. (Source: Bloomberg)
Tensions are ongoing over the fate of the Strait of Hormuz as both the United States and Iran are claiming control of the waterway. A recent escalation of the attacks in the region is driving oil prices in several countries.
The US may be the bigger trading partner, but Canada shouldn't be counted out quite yet in the escalating trade fight.
Fuel prices have soared since the Iran conflict began at the end of February, mirroring the surge in wholesale oil prices.
US energy firms on Wednesday signed a raft of multi-billion-dollar deals with Venezuela, days after the South American country agreed to grant the United States control of a huge chunk of its vast oil reserves. President Donald Trump has talked up the agreement on Venezuela's oil reserves as the "biggest oil deal in world history." But the deals have raised major questions about Venezuela's sovereignty, as FRANCE 24's International Affairs Editor Kethevane Gorjestani explains.
Commerce Minister Piyush Goyal said that India's nine FTAs, spanning economies representing about $60 trillion of GDP, would provide preferential access to nearly two-thirds of global trade
Signing ceremony as US to control a fifth of Venezuela’s oil reserves.
The US Treasury Department is due to cut off a major Egyptian bank's operations in the United Arab Emirates from the US financial system, an official said Friday, as Washington pushes to choke Iran off economically.
Pacific nations could find themselves in the middle of a trade stand-off between the US and China.