The US Federal Reserve decided to maintain interest rates at 3.5-3.75% due to persistent inflation, driven by energy prices and Middle East conflict. Despite expectations, future rate hikes are possible by late 2027.
Oil prices are falling as markets anticipate stability following a potential US-Iran framework agreement. Brent crude futures dropped nearly 1% on Wednesday, extending previous declines, with analysts citing sentiment-driven trading and the prospective reopening of the Strait of Hormuz.
Donald Trump and JD Vance claim a deal to end the US-Israel war on Iran has been signed, with Iran's parliament speaker reportedly agreeing. Details are emerging from a 14-point list published by Iranian state media, covering a ceasefire, sanctions relief, and reopening the Strait of Hormuz.
A ceasefire ends the 108-day US-Israel war on Iran, resulting in thousands of deaths and hundreds of billions in economic losses. Despite tactical successes like assassinating leaders and degrading infrastructure, strategic goals of capitulation were not met, leading to a 'freeze' rather than a clear victory or defeat.
Donald Trump announced the Strait of Hormuz will be fully open from Friday following a US-Iran deal, but G7 leaders are working to prevent the agreement from unraveling due to Israeli actions and Iran's claims on fees. The deal's details and Iran's nuclear program remain points of contention.
The US-Israel war against Iran has caused significant global economic disruption, leading to thousands of deaths, millions affected by price hikes, and widespread uncertainty. The conflict's impact rivals major historical events, stalling investment and employment, with costs ranging from military hardware to unquantifiable loss of life and opportunity.
Donald Trump informed Vladimir Putin during a Sunday phone call that ending Russia's war in Ukraine is critical and he is prepared to assist. Trump also mentioned a potential US peace deal with Iran, according to a Putin adviser.
Global stock markets rebound sharply after US President Donald Trump announces cancellation of planned strikes against Iran and an imminent peace deal, easing geopolitical tensions and boosting investor confidence.
China's ports topped the 2025 Container Port Performance Index, with 7 in the global top 10, amid critical roles in managing supply chain disruptions post-Red Sea crisis and US-Israel war on Iran.
Oil prices surged as Iran declared the Strait of Hormuz closed. Meanwhile, Malaysia's Akmal stated the country has secured fuel supply until end-July, rejecting shortage concerns and noting Petronas' role in assessing refinery readiness for diverse crude sources.
BYD, the Shenzhen-based EV maker, has seen a strong rebound in overseas deliveries, surging 76% year-on-year to nearly 300,000 units in April and May. This recovery, driven by rising oil prices due to the US-Israel war with Iran, has bolstered founder Wang Chuanfu's ambition to become the world's largest carmaker by 2030.
US consumer inflation reached a three-year high in May, rising 4.2% year-on-year, driven largely by a more than 60% increase in energy prices. President Trump expressed satisfaction with the report, linking inflation to energy costs and the ongoing conflict with Iran.
Iran's national football team is preparing for the World Cup in the US despite an ongoing war with the US and Israel, facing visa issues and political tensions that have disrupted their training and preparations.
GCC states face significant economic and security challenges due to the US-Iran conflict, including infrastructure damage, trade disruptions via the Strait of Hormuz, and a shattered image as a safe haven. Analysts predict a "new normal" of managing regional instability and potential authoritarian shifts.
Despite anonymous reports of US presidents expressing anger and frustration with Israeli PM Netanyahu, US policy and support for Israel have remained consistent, with critics arguing that actions, not words, define the relationship.
Updates on US-Israel war on Iran and Israel's invasion of Lebanon as of May 31, 2026
Updates on US-Israel war on Iran and Israel's attacks on Lebanon from May 30, 2026
Oil prices drop 19% since April as tentative 60-day ceasefire between US and Iran nears, easing global economic chaos caused by the 90-day war, including the closure of the Strait of Hormuz.
Household energy prices in the UK will increase by 13% from July due to soaring wholesale costs caused by the US-Israel war with Iran, affecting 33 million households with an average annual bill rise of £221 to £1,862.
Donald Trump announced a "memorandum of understanding" to end the US-Israel war on Iran is largely negotiated. The deal reportedly includes a 60-day ceasefire, reopening the Strait of Hormuz, and lifting US port blockades, though details remain scant.
Donald Trump announced a "memorandum of understanding" to end the US-Israel war on Iran is largely negotiated. The deal reportedly includes a 60-day ceasefire, reopening the Strait of Hormuz, and lifting US port blockades. Iran would clear mines and not impose tolls.
Chinese traders are exploring transcontinental freight links across Eurasia as a more reliable alternative to shipping routes through the Strait of Hormuz, which continue to face disruptions. Rail capacity is in high demand, with May slots fully booked.
US Secretary of State Marco Rubio visited India, inviting PM Narendra Modi to the White House. The trip focused on trade, energy security, and deepening cooperation, particularly amid ongoing US-Israeli conflict with Iran and India's continued purchase of Russian oil.
The Asian Infrastructure Investment Bank (AIIB) has launched a $10 billion facility to support member countries dealing with the economic impacts of the US-Israel war on Iran, providing fast-disbursing budget support and financing for critical imports.
