Bloomberg L.P.
A shortage of jet fuel has emerged due to the war in Iran and the blockade of the Strait of Hormuz. Airlines are canceling flights en masse and raising ticket prices.
The Israeli Prime Minister seeks to replace US financial support with an equal partnership within a decade. Currently, the country receives $3.8 billion annually.
The price of gold fell to $4,689 after Trump rejected Iran's peace plan. Investors are awaiting U.S. inflation data amid attacks in the Gulf.
Prime Minister Mark Carney stated Canada's readiness for deeper economic integration with the US and Mexico. Ottawa is also considering new sales markets in India.
The FAO index rose by 1. 6% due to the blockade of the Strait of Hormuz and resource shortages. Vegetable oils, meat, and cereals saw the largest price increases.
The Russian Federation will purchase 110 billion rubles worth of foreign currency and gold for the first time since 2025 due to rising oil prices. This will help replenish the fund's reserves, which have been depleted by the war.
Abbas Araghchi met with Wang Yi in Beijing on the eve of the US-China summit. The parties discussed the war and oil exports amid tightening US sanctions.
Trump and Lula will discuss the economy and the impact of the war in Iran on markets in Washington. The parties will also touch upon the issue of critical mineral supplies.
Saudi Aramco has cut the price of Arab Light crude for Asia by $4 per barrel. The cost remains at record levels due to the war and restrictions in the Strait of Hormuz.
The President of Portugal has signed a law increasing the period for obtaining citizenship from 5 to 10 years. This decision was made due to a record influx of migrants.
The price of Bitcoin exceeded $80,000 amid gains in Asian markets. Daily inflows into Bitcoin ETFs amounted to $630 million.
The price of gold has stabilized at $1,430 per ounce. The US will begin escorting vessels in the Strait of Hormuz and start negotiations with Iran.
Brent crude fell to $106 following Trump's statement on vessel protection. The U.S. President also reported on negotiations with Iran regarding ending the war.
Artem Revensky pleaded guilty to hacking a gas facility in Poltava. His group planned explosions and attacks on the energy systems of Ukraine and Western countries.
In April, Ukraine carried out 21 strikes on Russian oil facilities. Due to the attacks, oil refining volumes in Russia have fallen to their lowest level since 2009.
The share of Chinese imports of sanctioned goods to the Russian Federation has risen to 90%. This allows Moscow to ramp up the production of missiles and drones for the war.
Zelenskyy urged the West not to weaken sanctions against Russia. Moscow may demand the removal of SWIFT restrictions in exchange for a cease- fire.
Zelenskyy linked the pause in negotiations to the war in the Middle East. No proposals regarding a May 9th truce have been received from the US or Russia so far.
The US plans to deploy Dark Eagle missiles for strikes against targets deep inside Iran. The range of the new hypersonic weapon exceeds 2,700 kilometers.
The price of gold dropped to $4,550 due to the Fed's decision and the war in Iran. Brent crude rose to $118, while silver and platinum are showing growth.
Ford is in talks with the US government regarding participation in defense projects. The company plans to supply critical materials and compete with Lockheed Martin.
The tankers Kosmos, Luch, Orion, and Mercury have changed their flags to Russian and are heading to the Arctic. They will transport gas from sanctioned Russian projects.
The EU plans to provide 8. 4 billion euros on the condition of abolishing the 5% tax for businesses. The reform would bring 40 billion UAH to the budget, but faces resistance in Kyiv.
Trump ordered to prepare for prolonged blockade of Iran to pressure its nuclear program. The US rejected Tehran's conditions for unblocking the Strait of Hormuz.
Brent crude price rose to $111. 26 due to the near-total blockade of the Strait of Hormuz. Trump announced negotiations with Iran regarding unblocking the sea route.
Kosovo's parliament failed to elect a president by the deadline, automatically triggering new elections. The political crisis has lasted for two years and is blocking the path to the EU.
Google has provided the Pentagon with access to commercial AI model APIs for classified tasks. Company employees are protesting the deal due to potential risks.
The Federation of Indian Airlines states there is a risk of flight cancellations due to high fuel costs. The government has introduced price caps and incentives for the industry.
Russia's seaborne oil shipments reached a one-month high due to attacks on refineries. Moscow's weekly export revenues rose to $2.35 billion.
Energy Secretary Chris Wright announced the creation of a corridor for vessels in the Strait of Hormuz. A complete clearing of the path from Iranian mines could take up to six months.