Oil Markets in Danger Zone Over US-Iran Deal
Analysts warn oil markets are entering a precarious phase as the potential US-Iran nuclear deal could unleash a flood of Iranian crude, destabilizing prices.
Category : Trade
Iran World Cup base moved to Mexico after FIFA OK
Iran's football federation chief says FIFA approved moving the team's World Cup training base from the US to Mexico to resolve potential visa issues amid Middle East tensions.
EasyJet May Slash Fares If Strait of Hormuz Reopens
EasyJet CEO Kenton Jarvis says the airline could cut ticket prices if the Strait of Hormuz reopens, following Trump's claim that a US-Iran deal is close.
US and Iran Close to War-Ending Deal in 48 Hours
The US and Iran are nearing a memorandum of understanding to end their war, with a deal possible within 48 hours, as Pakistan mediates and differences narrow.
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Australia's Fuel Excise Cut Likely Temporary, Minister Says
Australia's temporary fuel excise cut, reducing petrol by 26.3 cents per litre, is likely to end in June as planned, says Energy Minister Chris Bowen, despite rising costs from the Iran conflict.
Bipartisan Senators Press Hegseth Over Delayed Ukraine Aid
A bipartisan group of senators is urging Defense Secretary Pete Hegseth to release $600 million in security aid for Ukraine and Baltic allies, citing missed deadlines and growing frustration with the Trump administration's disengagement.
SpaceX IPO Filing Reveals Mars Colony Plans and Grok Risks
SpaceX's IPO prospectus discloses $131M on Cybertrucks, Mars colony ambitions, Grok chatbot warnings, and $4M on Musk's security, with $4.9B loss in 2025.
Summer Holidays at Risk as Oil Markets Enter 'Red Zone'
The IEA warns that oil markets will enter the 'red zone' in July-August due to the US-Iran war, threatening summer holidays with jet fuel shortages and price hikes.
Scottish Butcher Urges US to Lift Haggis Ban for World Cup
A Scottish butcher launches a campaign to legalise haggis in the US as the Tartan Army heads to the World Cup, with support from broadcaster Gordon Smart.
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Indonesia Tightens Grip on Key Commodity Exports
Indonesia is overhauling trade policies for coal, palm oil, and nickel, centralizing exports under a state-owned entity to boost tax revenue and combat underreporting, with global supply chain implications.
Schlitz Beer to Cease Production After 177 Years
Schlitz, once America's top beer brand, will brew its final batch on May 23, 2025, at Wisconsin Brewing Company, marking the end of 177 years of history amid declining alcohol demand.
Campaign to Legalise Haggis in US for World Cup
Simon Howie Butchers launches petition to legalise haggis in the US ahead of the World Cup, as the dish has been banned since 1971 due to sheep lung content.
Pacific Islands Face Unique Oil Crisis Vulnerability
The reliance of Pacific islands on imported oil is expected to hit economic growth and increase inflation, with shortages already affecting prices of goods and daily life.
CGT and Negative Gearing: Australia's Beneficiaries
An analysis of Australia's capital gains tax and negative gearing policies reveals who benefits most, amid budget discussions and China's fishing fleet concerns.
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IEA Chief Warns Oil Markets Entering 'Red Zone' by August
Fatih Birol warns oil markets face a 'red zone' by August due to dwindling stocks and Middle East export disruptions, urging a full reopening of the Strait of Hormuz.
Canada Triples Streaming Giants' Local Content Contributions
Canada's CRTC mandates large streamers contribute 15% of Canadian revenues to local content, up from 5%, sparking legal challenges from US firms.
Queen Wanted Andrew as Trade Envoy, Files Show
Newly released documents show the late Queen was 'very keen' for Prince Andrew to take a prominent role promoting UK interests before his appointment as trade envoy.
Dakota Access Pipeline Gets Final Approval for River Crossing
Federal officials approved the Dakota Access pipeline's Missouri River crossing nearly a decade after Standing Rock protests, with added safety conditions.
Late Queen Wanted Andrew as Trade Envoy, Files Show
Newly released documents reveal the late Queen Elizabeth II was 'very keen' for Prince Andrew to take a prominent role promoting UK interests as a trade envoy, succeeding the Duke of Kent.
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Queen Elizabeth wanted Andrew as trade envoy, files show
Newly released documents reveal the late Queen was 'very keen' for Prince Andrew to take a prominent role promoting UK interests as a trade envoy, with memos detailing his appointment and conditions.
Hormuz Oil Flows Unlikely Before 2027 Even if War Ends
ADNOC CEO warns full oil flows through Strait of Hormuz may not resume until 2027 even if conflict ends, citing at least four months to reach 80% of pre-war levels.
Queen Wanted Prince Andrew as Trade Envoy
Newly released documents show Queen Elizabeth II was very keen for Prince Andrew to become UK trade envoy, despite concerns over media management.
EasyJet Reassures on Summer Flights Amid Iran Fuel Fears
EasyJet CEO Kenton Jarvis assures passengers of full summer schedule despite Iran oil crisis, as airline reports increased half-year loss and slight booking dip.
EasyJet Boss: No Fuel Disruption Despite Iran Crisis
EasyJet CEO Kenton Jarvis says the airline is not seeing fuel supply disruption, urging customers to book with confidence amid the Iran oil crisis and rising jet fuel prices.
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UK Signs £3.7bn Gulf Trade Deal, Starmer Hails Win
Keir Starmer announces a £3.7bn trade agreement with six Gulf states, removing tariffs on 93% of British goods, but faces criticism over missing human rights chapter.
Uefa Overhauls Qualifying Format for Major Tournaments
Uefa has approved a new qualifying format for men's World Cup and European Championship, reducing mismatches and introducing a Swiss-style system from 2028-29.
Oil Prices Plunge 6% as Trump Hints Iran Deal Nears Completion
Oil prices fell 6% on Wednesday after Trump said Iran negotiations are in final stages, but analysts warn of supply tightness and potential further attacks.
Aston Villa Outclass Freiburg for Europa League Win
Aston Villa secured a dominant victory over Freiburg in the Europa League final, with Tielemans sparking celebrations. Read the match report and analysis.
One Nation Proposes Norway-Style Gas Policy
One Nation leader Pauline Hanson announces a Norway-inspired gas policy, proposing a 30% government stake in new ventures and a sovereign wealth fund for profits.
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Japan Exports Surge 14.8% in April Amid Robust Trade
Japan's exports rose 14.8% in April from a year earlier, driven by semiconductor demand, while imports increased 9.7%, shifting trade to surplus despite oil supply concerns from the Iran war.
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