Global oil prices experienced a sharp drop of nearly 9% after President Donald Trump signaled that the ongoing US-Iran conflict may be approaching a resolution. Brent crude tumbled to $92.50 per barrel, while US oil futures fell to $88.60, correcting Monday's surge to $119.50, the highest since the Russia-Ukraine war. Despite the sharp drop, oil prices remain around 30% above pre-conflict levels, highlighting ongoing market volatility and energy supply concerns. President Trump also issued a stern warning to Iran against disrupting the Strait of Hormuz, promising a force twenty times stronger, signaling that tensions remain a key factor influencing global oil and stock markets. WATCH
10 March,2026 11:07 AM IST
President Donald Trump has raised temporary tariffs from 10% to 15% on U.S. imports after the Supreme Court struck down his earlier trade program. The new move relies on Section 122, a rarely used statute that allows tariffs up to 15% for 150 days without prior congressional approval.
22 February,2026 02:19 PM IST
Federal prosecutors have opened a criminal investigation into Federal Reserve Chair Jerome Powell, triggering fresh concerns about the independence of the US central bank. Powell has publicly linked the probe to ongoing political pressure over interest rate decisions, raising alarms across financial markets.
12 January,2026 08:51 PM IST
The Trump administration is warning that 42 million Americans could lose their food stamp benefits as the government shutdown drags on. The USDA says it can’t legally move funds to cover SNAP payments unless Congress passes a funding bill. Democrats demand an extension of Obamacare subsidies, while Republicans push for a “clean” funding resolution. The standoff now threatens to cut off food aid for millions within days.
30 October,2025 12:25 AM ISTADVERTISEMENT
