The United States and Iran have agreed to halt recent military attacks and return to diplomatic negotiations, offering renewed hope that a fragile peace deal in the Gulf can be preserved after several days of escalating violence. According to a U.S. official, both sides have agreed to “stand down for now” and continue technical discussions […]
Finance ministers from the Group of Seven (G7) advanced economies are set to hold an emergency meeting on Monday to consider a joint release of strategic oil reserves in an effort to calm surging global crude prices and shield vulnerable economies from further fallout, a French government source said. The talks, confirmed by officials in […]
Governments across Asia, Europe and Africa are rushing to shield their economies from the growing fallout of the war involving Iran, as global oil prices surge to their highest levels in years and financial markets react with sharp volatility. Energy markets were jolted Monday after escalating fighting in the Middle East raised fears of major […]