Economy

  • Fed chair nominee Kevin Warsh attempts to defend friend Trump’s actions in Senate hearing

  • China and Saudi call on Trump and Iran to solve issues and reopen Strait of Hormuz

  • India and South Korea to double bilateral trade with new $50 billion economic partnership

  • Iran takes full control of Strait of Hormuz again, says Trump is not negotiating in good faith

  • Trump-aligned Fed governor Waller backs hold on rate cuts for the year with a caveat

  • Trump and Iran declare Strait of Hormuz officially open after Israel-Lebanon ceasefire

  • China caught between Iran’s oil and US secondary sanctions after 5% growth

  • US to end Iran and Russia oil waivers, sanction buyers

  • Trump says he will fire Fed chair Powell if he refuses to step down in May

  • Why are central banks selling their massive gold holdings now?

  • Trump admin says Iran’s seaborne trade is shut down and Hormuz is closed

  • American taxpayers to lose $1 trillion from Trump’s war in Iran after Hormuz blockade

  • Drawn-out Iran war to ‘seriously’ hurt economy, EBRD warns

  • Russia cashes in big on the global oil shock with April tax revenues

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  • China calls Trump’s Strait of Hormuz blockade childish and harmful for everyone

  • Scott Bessent says the Fed doesn’t have to cut interest rates urgently anymore

  • Saudi Arabia’s crypto market to hit $50 billion by 2034 as Vision 2030 drives rapid growth

  • IMF’s Kristalina Georgieva predicts war-driven inflation will take years to fix

  • Trump says Strait of Hormuz is now under US control, and all oil toll paid in crypto or yuan are ‘illegal’

  • Hormuz disruptions push energy markets toward bilateral supply guarantees as spot trading faces volatility and shortages

  • Iran wants $2 million per ship Hormuz toll paid in nothing but crypto

  • Jamie Dimon warns of fragile global economy in annual shareholder letter