Iran Conflict
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financeScott Bessent Backs Kevin Warsh and Bets on Disinflation as Iran Conflict Cools
Treasury Secretary Scott Bessent supports Fed Chair Kevin Warsh, predicting disinflation after Iran conflict resolution, a scenario that could ease monetary policy and benefit risk assets.
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worldGermany Eyes Covenant Technologies' Missiles Amid Tomahawk Shortage
Germany is negotiating to acquire long-range missiles from Covenant Technologies as US Tomahawk stocks diminish in the Iran conflict.
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cryptoECB Halts Easing Cycle with First Rate Hike Since 2023
The European Central Bank raised its deposit rate to 2.25% to combat a 3.2% inflation surge driven by the Iran conflict and energy shocks.
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financeJapan’s Corporate Goods Prices Surge Amid Iran Energy Shock
Japan’s wholesale prices hit a six-year high in May, driven by Iran conflict oil spikes. The BOJ faces a dilemma between fighting supply-side inflation and preserving economic growth.
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financeBank of Canada Poised to Hold Rates Amid Tariffs, War, and Recession
Economists predict the Bank of Canada will hold rates this week, with hikes more likely than cuts due to inflation from U.S. tariffs and the Iran war.
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financeUS crude stocks plunge 8 million barrels as export demand surges
US crude inventories fell by nearly 8 million barrels, double expectations, driven by record exports and strong refinery activity amid geopolitical shifts.
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financeSouth Korea Inflation Surges to Two-Year High, July Rate Hike Expected
Consumer prices rose 3.1% in May, triggering expectations of a Bank of Korea rate hike at the next meeting in July.
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worldEU Mulls Freezing Russian Oil Price Cap Amid Iran War Chaos
The EU considers a temporary freeze on its Russian oil price cap as the Iran conflict drives up global crude prices, raising pressure on sanctions.