WASHINGTON, United States — US President Donald Trump has shared an AI-generated image portraying the Strait of Hormuz as “NEW U.S. Territory”, escalating his administration’s rhetoric over the strategic waterway amid worsening tensions between Washington and Tehran.
टैग: Oil Prices
Crude Oil Prices Rise Above $91 as West Asia Tensions Escalate
WASHINGTON, United States — Crude oil prices climbed to a two-week high above $91 a barrel as tensions in West Asia intensified and U.S. President Donald Trump issued a threat involving Oman, raising concerns about the potential impact of the conflict on energy markets.
Donald Trump Says No Iran Talks as Hormuz Dispute Deepens
DUBAI/WASHINGTON, United States — US President Donald Trump said on Tuesday that no negotiations with Iran were taking place or scheduled, while insisting that the Strait of Hormuz was open to shipping. Iran disputed that position, saying the strategically important waterway remained closed until conditions agreed with Washington were met.
Asian Shares Rise as Fed Rate Hike Bets Fade
SYDNEY, Australia — Asian shares moved higher on Monday, August 17, as Chinese stocks led regional gains while the U.S. dollar weakened toward a two-month low. Investors were reassessing the chances of an imminent Federal Reserve rate hike after softer U.S. economic data reduced expectations for tighter monetary policy.
Russia Economy Shows Growing Signs of Strain
MOSCOW, Russia — Russia’s economy has continued to grow despite more than four years of full-scale war with Ukraine, but economists and analysts say the headline figures are increasingly masking deeper financial pressures. Official data showed the economy expanded in the second quarter of 2026, while rising deficits, inflationary pressure, weaker energy revenues and the growing dependence on military spending point to mounting strains.
Oil Prices Rise as Hormuz Reopening Hopes Face New Uncertainty
PERTH, Australia — Oil prices climbed on Monday as uncertainty over the reopening of the Strait of Hormuz continued to keep traders cautious, with Iran saying discussions with Oman on new shipping lanes were in their final stages but stressing that additional conditions involving the United States still needed to be met.