Latest Business News
Trump Signals Possible End to Iran War, Oil Prices Slide
US President Trump predicts the Iran war will resolve soon, leading to a tumble in crude prices after recent surges. This follows his talks with Putin amid market panic from Iranian drone attacks on oil exporters.
Investors remain cautious despite optimism as volatility persists in energy markets.
Trump Temporarily Waives Oil-Related Sanctions to Stabilize Supplies
President Trump announced waivers on certain oil sanctions to prevent price rises and ensure flows through key routes like the Strait of Hormuz. The move aims to counter disruptions from geopolitical tensions affecting 20% of global oil supply.
Oil prices had artificially spiked but are now declining.
Asian Shares Surge Led by South Korean Chipmakers
KOSPI index jumps over 5% with Samsung Electronics and SK Hynix gaining double digits after recent corrections. Optimism builds as AI and memory chip outlooks remain strong despite 25% valuation drops since January.
Markets show volatility but tech strength drives regional gains.
Chinese Tech Stocks Rally on New AI Agent Launch
Tencent surges 7% offshore after releasing WorkBuddy, a new AI agent compatible with China's regulations. Citigroup calls it a potential inflection point for AI in China amid stronger PBOC fixing.
Yuan strengthens, supporting overall market gains.
Saudi Aramco Reports $104 Billion Profit for 2025, Down from Prior Year
Saudi Aramco's 2025 profit falls to $104 billion from 2024 levels amid oil market challenges. The world's biggest oil exporter faces setbacks including Iranian drone attacks.
Exports are being redrafted as Strait of Hormuz tensions persist.
US Stocks Close Higher as Oil Prices Fall, Reversing Losses
Stocks rebound with Dow closing higher after sharp declines tied to Iran war oil surges. Earlier drops of 450 and 785 points reflected climbing crude prices up 12%.
Trump's de-escalation comments aid recovery.
Oil Prices Eclipse $114/Barrel, EU Discusses Energy Crisis Response
Oil hits $114 for first time since 2022, up 25% since Friday due to Iran war disruptions. EU leaders eye single energy market and 2022 toolkit to support businesses amid turmoil.
Energy impacts significant for Eurogroup discussions.
Anthropic Sues Trump Administration Over AI Supply-Chain Risk Designation
'Unprecedented' lawsuit seeks to block White House labeling of Anthropic as a supply-chain risk. Clash highlights tensions in AI regulation and national security.
Follows broader US scrutiny on tech firms.
US Loses 92,000 Jobs Amid Iran War Market Turmoil and Gas Surges
Job losses reported as markets roil from Iran conflict, with gas prices soaring over 40% weekly. Data coincides with oil shocks reopening rate hike discussions globally.
Economic pressures mount from energy volatility.
EV Demand Collapses, Raising Questions for Consumers and Industry
Demand for electric vehicles is collapsing, impacting manufacturers like Ford amid recalls. Consumers face implications as fuel costs rise from Iran tensions.
Experts advise caution in bookings due to jet fuel hikes.
China Drivers Rush to Fill Tanks Before Fuel Price Hike
Motorists in China stock up on fuel anticipating rises from global oil surges tied to Middle East conflict. Iran disruptions intensify pressure on energy markets worldwide.
Heightens focus on stabilizing supplies.
Volkswagen Reports Full-Year Earnings Amid Oil Slide Volatility
VW releases earnings as oil prices continue sliding after recent spikes. Broader market caution prevails despite Trump's optimism on Iran resolution.
Auto sector watches fuel cost impacts closely.