US-China Form Trade Council, Extend Truce to January 2027
China and the US agreed to establish a trade council and extend their tariff truce until January 2027.
China and the US agreed to establish a trade council and extend their tariff truce until January 2027.
Crude moved higher as the Globex week opened, following a weekend of deadlock and the possibility of renewed escalation.
US envoy Waltz calls Iran's Hormuz proposal a cynical bid for upfront concessions, as conflicting accounts deepen the diplomatic standoff.
Saudi authorities ordered Riyadh schools to go remote for a week; Houthis claim to have shot down a Saudi drone, raising regional tensions.
Iran holds diplomatic line amid unverified Hormuz missile strike, Trump rejects offer but sees further talks. Saudi Arabia faces widening threat from Houthi…
The US and China have established a direct AI communication channel resembling the Cold War hotline, with a massive funding gap but narrow performance lead.
Trump rejected Iran's seven-day ceasefire, plans more bombing after midterms. Oil and Bitcoin face uncertainty.
Iran peace talk headlines boosted risk sentiment, sending oil lower and equities higher, while yen intervention fears kept currency markets on edge.
Crude oil dropped below its 100-hour moving average and swing area support, with sellers eyeing a potential downside target at $88.77.
Xi Jinping said the US-China relationship will be based on respect, fairness and reciprocity, and agreed with Trump to add new substance.
Al Jazeera reports that Iran-US talks in New York are becoming more positive and have entered a technical phase, with Qatar mediating.
US and China reach agreement on a subset of goods for trade; details to be released Monday.
Crude oil fell after reports of U.S.-Iran talks on a phased deal to reopen the Strait of Hormuz.
USD/INR moves in tandem with oil prices as US-Iran negotiations dominate. A breakthrough may weaken the dollar and support the rupee.
The Trump-Xi summit extended the US-China trade truce by two months but failed to resolve disputes over rare earths, technology, and Taiwan.