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The statement assumes significance in the backdrop of Pakistan’s objections raised on the construction of Sawalkote dam project in July last year and February this year with India and had sought consultation
Mexico’s foreign minister Roberto Velasco Álvarez tells Bloomberg This Weekend that the country maintains a strong relationship with the US while insisting cooperation on security must respect Mexico’s sovereignty and territorial integrity. Speaking with hosts David Gura and Christina Ruffini, he says Mexico remains cautiously optimistic about ongoing trade negotiations as it seeks relief from US tariffs on automobiles and steel. (Source: Bloomberg)
Brent fell toward $99 a barrel, after tumbling over the previous four sessions. Oil erased earlier gains on a report that Iran could reopen the Strait of Hormuz if the US lifted a blockade of its ports. US President Donald Trump is set to address the United Nations General Assembly in New York later, and he may meet with his Iranian counterpart, Masoud Pezeshkian. Bloomberg's Will Kennedy breaks down the situation. (Source: Bloomberg)
Asian stocks were poised to climb after a tech-fueled rally on Wall Street and a drop in oil prices amid hopes for diplomatic progress in the Iran war.
Get a jump start on the US trading day with Dani Burger and Michael Ball on "Bloomberg Open Interest." Stocks rally and oil drops as investors look to diplomacy, with President Trump and China’s Xi Jinping preparing for a high-stakes White House meeting later this week. Plus, inside Anthropic’s new AI safety partnership with Accenture, and Wall Street’s race to manage the risks and rewards of artificial intelligence.And legendary mining investor Robert Friedland joins us on why copper and rare earths are becoming the new front line in the US, China resource race. (Source: Bloomberg)
Rob Barnett, Bloomberg Intelligence Senior Energy and Commodities Analyst, joined Bloomberg's Paul Sweeney and Scarlet Fu to discuss the latest in oil. Oil fell below $100, heading for its longest run of declines since June, as robust flows through the Strait of Hormuz and diplomacy around the US-Iran war tamed a recent rally. Brent, the global benchmark, fell as much as 4.2% while West Texas Intermediate futures were down over 5% to trade near $95 a barrel. Satellite data showed that Saudi Arabia’s observed oil loadings from inside the Persian Gulf jumped over the weekend, with the highest number of ships seen at the nation’s main Persian Gulf port since June. It’s a sign the kingdom has pivoted back toward Hormuz after the shutdown of a key cross-country pipeline to the Red Sea earlier this month following drone attacks. (Source: Bloomberg)
Oil prices dropped to their lowest in 11 days on Monday, as investors hoped to see diplomatic progress on the Iran war with the UN meeting this week, as well as a partial recovery from shipments in Saudi Arabia.
Oil steadied as traders tracked supply risks in the Middle East, and intensified diplomatic efforts to end the US-Iran war.
Oil dropped for a third day as supply concerns eased and traders looked to the next round of diplomacy that’ll shape the US-Iran war.