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- Iran’s president criticises US military presence and historical interventions
USA News
Oil prices surged over 6% after Donald Trump announced ongoing US military actions against Iran in his recent address. He failed to outline a definitive plan for peace but indicated targets would include Iran’s key infrastructure. Discussions are ongoing.
US news is today heavily domianted by politics, tariffs and stock markets. The US President has clarified that he has no plans to fire Fed boss Jermone Powell despite complaining about his performance via Twitter/X.
The President has also hinted he may reverse his trade tariffs on China as the IMF downgrades the global economy forecasts and warns of a US recession.
Donald Trump’s ongoing spat with the Federal Reserve boss caused the markets to panic this week, with a massive sell off and drop in the dollar. Things have settled once again, but the IMF has slashed the global growth forecast – with the US given the biggest downgrade among advanced economies.
Global stock markets, including the Dow Jones and Nasdaq, surged by over 2% following comments from US Treasury Secretary Scott Bessent regarding potential de-escalation in trade tensions with China, alleviating investor fears.
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