Tag: USA

American voters will deliver a verdict on the first two years of President Donald Trump’s second term in Tuesday’s midterm elections, with polls and nonpartisan analysts favoring Democrats to wrest the House from Republicans while control of the Senate remains uncertain.

Oil prices climbed on Tuesday after the U.S. reportedly struck Iran’s Qeshm Island late Monday, one day before the midterm elections.

Oil prices fell sharply early on Monday amid reports that both the U.S. and Iran are seeking diplomatic options to bring an end to the Middle East conflict.

Iran said four tankers struck mines in the Strait of Hormuz and Yemen’s Houthis claimed missile strikes on Saudi Arabia, escalating pressure on two fronts as the U.S. reportedly weighs renewed military action against Tehran after Tuesday’s midterm elections.

The average long-term U.S. mortgage rate declined for the second straight week, falling to its lowest level in more than a month.

The pace of price increases stepped up in September, keeping inflation well above the Federal Reserve’s target, while the economy grew faster than expected in the third quarter, according to Commerce Department reports Thursday.

The Federal Reserve has kept US borrowing costs on hold days before midterm elections even as the surge in fuel prices sparked by the Iran war reverberates across the world’s biggest economy.

Oil prices fell on Monday as diplomatic efforts to ease the U.S.-Israeli war with Iran tempered fears of further supply disruptions, although Houthi attacks on Saudi Arabia kept geopolitical risks elevated.

Oil prices jumped by more than $2 on Wednesday after Iran said there was little reason to expect ‌diplomatic progress with the US, leaving the Brent benchmark hovering near five-month ‌highs, with further market support from falling US crude and product inventories.

Iran’s proposal to the U.S. to reopen the Strait of Hormuz within seven days still stands, Foreign Minister Abbas Araqchi told local media outlets on Sunday.

Russian President Vladimir Putin has reportedly floated a three-way summit between himself, U.S. President Donald Trump and Chinese President Xi Jinping to negotiate an end to the war in Ukraine, without Ukrainian President Volodymyr Zelenskyy at the table.

Η Ελλάδα συμφώνησε να δαπανήσει έως και 4 δισεκατομμύρια δολάρια για την αναβάθμιση περισσότερων μαχητικών αεροσκαφών F-16 και την αγορά προηγμένων πυραύλων από τις ΗΠΑ.

U.S. mortgage rates climbed for a seventh straight week to 7.49%, their highest level since November 2023, according to Mortgage Bankers Association figures released Wednesday, according to Bloomberg. 

The ‌rate on the most popular US home loan rose last week to its highest in more than two years.

Iran’s military on Wednesday described U.S. President Donald Trump’s threats to annihilate Tehran as “a sign of strategic desperation,” warning the country stands ready to inflict strikes “more crushing” than earlier in the nearly seven-month conflict.

Iran has suggested it could reopen the strategically vital Strait of Hormuz within seven days if the U.S. eases military pressure and lifts its blockade on Iranian ports, according to media reports.

US Treasury Secretary Scott Bessent and Chinese Vice Premier He Lifeng concluded talks in New ​York on Sunday with the US side proposing a new AI safety notification mechanism for US President Donald Trump and Chinese President Xi Jinping to consider at their summit this ‌week.

China said President Xi Jinping will travel to the US to meet Donald Trump, a visit that comes with a one-year trade truce winding down.

U.S. President Donald Trump’s administration has approved the potential $24.3 billion sale of nearly 50 F-35 warplanes to Saudi Arabia.

The benchmark 10-year Treasury yield climbed to its highest levels in 19 years on Tuesday as oil prices surge from the Iran conflict and expectations grow that the Federal Reserve will raise interest rates on Wednesday.