24/06/2025 06:54
The Guardian
Rolling coverage of the latest economic and financial news, as oil falls to lowest level since June’s conflict beganOil prices sink after Iranian strike on US airbase reduces fears of market disruptionIf the Israel-Iran ceasefire holds, investors could return to worrying about a global trade war instead.The clock is ticking towards 9 July, when the 90-day tariff pause set by president Trump in April expires.Some 6.7 million standard containers were shipped domestically and internationally last week, the Ministry of Transport said on Tuesday.The almost 6% jump in traffic from the previous week came after a trade truce agreed with Washington earlier in June. In May, Chinese exports to the US fell the most since the early days of the pandemic.Israel thanks President Trump and the United States for their support in defense and their participation in eliminating the Iranian nuclear threat.In light of achieving the objectives of the operation, and in full coordination with President Trump, Israel has agreed to the president’s proposal for a bilateral cease-fire. Continue reading...
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