In Iran, images from the capital showed the night sky lit up by a huge blaze
U.S. West Texas Intermediate crude fell 18 cents, or 0.3%, to $67.97 a barrel
Tensions escalated after China imposed export restrictions on several rare earth elements
The Bank of Russia took rates down by 100 basis points to 20%
Musk has stepped up criticism of the president's massive tax legislation
Euro zone inflation fell below the 2% ECB target rate in May
The Dow Jones Industrial Average rose 18.57 points, or 0.04%
The latest tariff news could see steel redirected to other markets such as Europe
Brent crude futures were down 99 cents, or 1.5%, at $63.73 a barrel
The reports came following a four-day trip by U.S. President Donald Trump through the Gulf region
The presidential visit is drawing several Wall Street and Silicon Valley titans to the Saudi kingdom
Analysts at Citi Research lowered their three-month price forecast for Brent to $55 per barrel
China definitely wants to see the trade war deescalate
U.S. West Texas Intermediate crude was at $64.46 a barrel,
The recent tariff disturbances follow a strong year for world trade in 2024
Beijing earlier this month imposed export restrictions on seven rare earth elements
Luxury giant LVMH reported a 3% drop in first-quarter sales
Trump announced a 90-day pause on what the administration termed “reciprocal” tariffs
Brent futures were up $1.82, or 2.9%, to $64.64 a barrel
The partners have been working with a consortium of investors
U.S. President Donald Trump plans to announce reciprocal tariffs
U.S. President Donald Trump’s new tariffs on foreign automakers are also still weighing on sentiment
Global markets were roiled as a new front opened in the burgeoning global trade war
U.K. borrowing costs meanwhile fell on Wednesday
Price gains were however capped by news that OPEC+' will likely proceed with planned May oil output hike
Global investors are also awaiting the latest monetary policy updates
US President Donald Trump on Saturday said that he has ordered the military to launch a “decisive and powerful” action against the Houthis in Yemen.
U.S. stocks rebounded on Friday as investors hunted for bargains
Deputy Prime Minister Alexander Novak told reporters that the OPEC+ producer group will go ahead with its April increase
he Stoxx 600 has jumped between losses and gains this week