Fed Unveils Stablecoin Rules Under GENIUS Act 
US Invites Putin to Miami G20, Opening Door to Trump Summit 
Dollar Hits Two-Month High as Fed Rate Hike Bets Rise 
Abbas Reaffirms November 28 Palestinian Elections 
Ghana Says Western Support Growing for Slave Trade Reparations 
Gold Drops Over 1% as Dollar, Treasury Yields Surge on Fed Rate Hike Bets 
US Stock Futures Fall as Treasury Yields Surge Ahead of Trump-Xi Summit 
Australia Unemployment Hits Five-Year High Despite Strong Jobs Growth 
Kremlin Says No Decision Yet on Putin-Trump December Summit 
EU Defence Build-Up Too Slow for 2030 Russia Readiness Goal 
Gold Prices Fall as Treasury Yields Rise on Fed Rate Hike Bets 
Netanyahu’s Brief US Trip Highlights Strains With Trump 
North Korea Rejects Nuclear Test Warning, Calls Nuclear Status Irreversible 
France Defends Netanyahu Airspace Clearance Despite ICC Warrant 
Russian Envoy Dmitriev Heads to US for Ukraine Talks 
Netanyahu Defends Israel at UN as Delegates Stage Walkout 
U.S. Treasury Yields Surge as 30-Year Hits 22-Year High 
Add as a preferred source on Google
An escalating conflict between Iran, the United States, and Israel has sent shockwaves through global energy markets, with oil prices surging past $100 per barrel and Iranian forces attacking multiple tankers and oil facilities across the Middle East. The crisis, now nearly two weeks old following joint U.S.-Israeli airstrikes on Iran, has claimed approximately 2,000 lives and left UNICEF reporting over 1,100 children killed or injured.
Iranian explosive-laden boats set two fuel tankers ablaze in Iraqi waters, killing one crew member, while additional strikes targeted oil infrastructure in Bahrain, Oman, and Saudi Arabia. A container vessel near the UAE also reported being hit by an unknown projectile, deepening fears about maritime safety throughout the Persian Gulf region.
The Strait of Hormuz — a critical shipping lane carrying roughly one-fifth of the world's oil supply — remains effectively blockaded, with Iran claiming full control of the waterway. Reports suggest Iranian forces have deployed underwater mines in the channel, complicating international efforts to restore safe passage. G7 nations have begun exploring naval escort options to help commercial vessels navigate the threatened route.
In response to skyrocketing fuel prices, the International Energy Agency announced the largest strategic oil reserve release in history — approximately 400 million barrels — with the United States contributing 172 million barrels starting next week. Despite this intervention, Iran's military warned that oil could reach $200 per barrel if regional instability continues.
President Trump, speaking at a rally in Kentucky, insisted the U.S. had effectively neutralized Iran's naval capabilities and remained committed to dismantling Iran's nuclear program. However, U.S. intelligence sources indicate that Iran's leadership structure remains largely intact, suggesting the conflict is far from over and global energy markets face continued volatility in the weeks ahead.
