Business

US Oil Prices Remain Elevated as Iran War Targets Core Energy Assets

US oil prices remain elevated as the Iran war moves into its third week and military operations continue to target core energy infrastructure. Analyst Patrick De Haan projects that US pump prices could reach $3.85 per gallon Monday, with $4 gasoline still a near-term possibility. Three weeks of sustained military operations have stripped significant supply from global oil markets, directly inflating costs for American...

TikTok Stays on Your Phone — but a $10 Billion Government Fee Defines Its New Era

American TikTok users will notice no change to their experience, but behind the scenes, a $10 billion government fee has defined the financial terms of the platform's transition to American ownership. Oracle, UAE's MGX, and Silver Lake — the investors who acquired TikTok's US operations from ByteDance — are committed to making this payment to the Trump administration in stages. An initial $2.5 billion...

Oil Shock Puts World on Alert as Iran Shows No Sign of Backing Down

Iran's refusal to de-escalate its military campaign is keeping the world on high alert and oil markets in a state of sustained stress, with...

SpaceX and the Nasdaq: A Trillion-Dollar Partnership in the Works

Elon Musk’s SpaceX is exploring a public debut that could value the aerospace pioneer at a staggering $1.75 trillion. This historic move would place...

Trump’s Reassurances Drive Sharp Decline in Global Oil Benchmarks

In a significant development for the global economy, oil prices fell sharply after Donald Trump expressed optimism about the end of the conflict with...

Oil Prices Surge as Iran’s Strikes on Gulf Expose Scope of the Energy War

The full scope of the energy war unfolding across the Middle East became clear over the weekend when Iran launched simultaneous strikes against five...

Oil at $91 Tests Global Economic Resilience in Most Severe Week Since 2020

The global economy's resilience is being tested as never before since the Covid-19 pandemic, as the Iran conflict drives oil to $91.89 a barrel...

FTSE 100 Falls as London Investors React to Energy and War Fears

London's FTSE 100 index fell 1.2% on Monday to 10,780 points, as investors in the UK's benchmark stock index responded to the escalating Middle...

Trump Raises Tariffs to 15%, Calls Supreme Court Ruling “Poorly Written and Anti-American”

President Trump launched a fierce counterattack Saturday after the Supreme Court invalidated his flagship tariff policy, announcing a 15% universal levy on all imports...

British Steel’s Scunthorpe Plant Bags Huge Turkish Rail Contract in Boost to UK Industry

One of Britain's most storied industrial sites has secured a major international contract that underscores its continued value to the UK economy. British Steel's...

July to December Progression Shows Steady Erosion of Russian Crude Market Share

The progression of Russian crude imports to India from July through December 2025 reveals a pattern of steady market share erosion following the implementation...

‘Buy European’ Policy Framework Established at Historic EU Summit

The European Union's summit at a moated Belgian castle produced consensus on "Buy European" policies protecting strategic sectors. Leaders addressed Europe's competitiveness challenges through...

Bank of England Maintains 3.75% Rate as Inflation Gap Narrows Toward Target

The Bank of England has kept interest rates unchanged at 3.75% as the gap between actual inflation and the 2% target continues to narrow....

Gold and Silver Prices Stabilize After Massive Turbulence Following Federal Reserve Decision

Monday brought relief to precious metals investors as gold and silver fought back from steep declines that had unsettled financial markets globally. Gold prices...