Why cooling U.S. inflation eases pressure on Fed despite rising oil prices after Iran attack
The U.S. Labor Department released its latest inflation report on Tuesday. The report showed that inflation cooled in June, giving the Fed more confidence that price pressures are easing. Consumer prices fell 0.4% from May to June, the largest monthly…
Why oil prices rise after US-Iran attacks, Strait of Hormuz concerns and Goldman Sachs $100 warning: Explained
Oil prices rose on Monday as the conflict between the United States and Iran intensified over the weekend, raising concerns that global oil supplies could be disrupted. International benchmark Brent crude climbed to around $77-78 a barrel on Monday. This…
Lego Trump funeral: Iranians target US president at Khamenei’s funeral
Lego statue of Trump set on fire at Khamenei’s funeral Iranian state media circulated a video of a Lego doll depicting U.S. President Donald Trump being set on fire, and mourners at Ali Khamenei’s funeral repeatedly called for Trump’s…
Why are oil prices soaring? Trump says Iran ceasefire ‘over’, impact on stocks
oil price Oil prices rose sharply on Wednesday as fresh tensions between the United States and Iran stoked concerns that global oil supplies could be affected. The latest rise comes in the wake of a U.S. military strike against Iran, adding to concerns…
‘She was a good person, but she made a mistake’: Trump says relationship with Meloni ‘soured’ over Iran war
Donald Trump and Georgia Meloni (file photo) President of the United States Donald Trump Italian Prime Minister Giorgio Meloni was described on Tuesday as a “good person” but criticized for refusing to support the United States during the…
After Iran hangs up, Trump says relax, everything will be resolved
TOI reporter in Washington: Just hours after US President Donald Trump assured Americans that Iran “does want a deal” and urged “passive” critics to “sit back and relax (because) everything will work out in the end”,…
‘Poor thing’: Iran mocks Donald Trump as virus buffalo like him loses appetite
Iran mocked US President Donald Trump on Friday, sharing a video of a Bengal albino buffalo that resembles him, saying the animal had lost its appetite after being compared to the US leader amid the US-Iran conflict.Iran’s official account in…
Trump on Iran ceasefire: ‘It’s a favor to Pakistan’
US President Donald Trump said Washington agreed to a ceasefire with Iran as a “favor” to Pakistan.Trump told reporters on Air Force One as he returned from China that the United States had accepted the ceasefire at Pakistan’s request…
Iran says ready to ‘teach a lesson’ if attacked after Trump calls Tehran’s latest peace proposal ‘garbage’
Iran warned on Monday that its armed forces were ready to “teach a lesson” to any aggressor after U.S. President Donald Trump rejected Tehran’s latest counter-proposal aimed at maintaining a fragile Middle East ceasefire.The heated…
‘Force and geography’ Trump’s liberal plan meets Iran’s remaining firepower
TOI Washington correspondent: The United States and Iran are about to resume a shooting contest in the Gulf after Tehran attacked the United Arab Emirates with drones and missiles in response to U.S. efforts to militarily escort ships stranded in the…