
Rubio Discusses Iran Crisis and Strait of Hormuz Disruptions With UK and Australia
May 12, 2026 05:34 am UTC| Politics Economy
U.S. Secretary of State Marco Rubio held separate discussions on Monday with Australian Foreign Minister Penny Wong and British Foreign Secretary Yvette Cooper regarding the escalating Iran conflict and the ongoing...

Trump Says Iran Ceasefire ‘On Life Support’ as Oil Prices Surge Above $104
May 12, 2026 05:32 am UTC| Politics Economy
Hopes for a peace deal between the United States and Iran weakened Tuesday after U.S. President Donald Trump said the fragile ceasefire was on life support following Tehrans rejection of a U.S.-backed proposal aimed at...

US Inflation Expected to Rise Again in April as Fed Signals Higher Interest Rates
May 12, 2026 05:25 am UTC| Economy
U.S. consumer prices likely increased at a steady pace for the second consecutive month in April, reinforcing concerns that inflation remains stubbornly high and strengthening expectations that the Federal Reserve will...

Asian Stocks Slip as Korea’s KOSPI Tumbles Amid Iran Conflict and Chip Sector Profit-Taking
May 12, 2026 04:56 am UTC| Economy
Asian stock markets traded mostly flat to lower on Tuesday as investor sentiment weakened amid escalating U.S.-Iran tensions and slowing momentum in technology shares. Concerns over global inflation, geopolitical risks,...

Trump Administration Seeks Court Pause to Reinstate 10% Global Tariffs
May 12, 2026 04:08 am UTC| Economy Politics Law
The Trump administration has asked a U.S. federal court to temporarily pause a recent ruling that challenged the legality of the administrations 10% global tariff policy while the government continues its appeal process....

Trump Says Iran Ceasefire Near Collapse as Oil Prices Surge
May 12, 2026 03:53 am UTC| Politics Economy
U.S. President Donald Trump said the ceasefire between the United States and Iran is on life support after Tehran rejected key parts of Washingtons proposal to end the ongoing conflict. The latest tensions have raised...

Oil Prices Rise as Dollar Gains Ahead of Key U.S. Inflation Data
May 12, 2026 03:00 am UTC| Economy
Oil prices edged higher on Tuesday while the U.S. dollar strengthened as hopes for a breakthrough in reopening the Strait of Hormuz faded, increasing concerns over global energy supply disruptions. Investors also turned...