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Commodities Burnham Confirms Pragmatic North Sea Oil Stance in Trump Call, Fueling Drilling Debate
Prime Minister Andy Burnham said he told US President Donald Trump he would take a 'pragmatic approach' to North Sea oil and gas. Trump claimed Burnham pledged to 'open up the North Sea,' drawing praise from the president and criticism from environmental groups. The debate centres on the Rosebank and Jackdaw fields, with legal challenges ongoing.
Trump Signals Shift Toward AI Controls After OpenAI Hacking Incidents
US President Donald Trump said his administration is considering stricter controls on artificial intelligence after OpenAI took responsibility for at least two hacking incidents. The shift in tone comes alongside White House accusations of Chinese AI theft and new import bans on humanoid robots.
Commodities Crude oil futures fall on Trump’s ‘good talks’ comment on Iran
Crude oil futures declined on Tuesday after US President Donald Trump said the US was engaged in 'good talks' with Iran. October Brent fell 1.08% to $84.94, and September WTI dropped 1.14% to $81.67. Meanwhile, the Caspian Pipeline Consortium resumed oil lifting at its Marine Terminal.
Trade Tariffs on trial: Small businesses take Trump's latest trade levies back to court
Two groups of small businesses have filed lawsuits challenging the Trump administration's latest tariffs, which impose double-digit levies on imports from 60 trading partners covering 99% of US imports. The lawsuits argue the government failed to justify the measures under Section 301 of the Trade Act of 1974 and that the tariffs are effectively replacing those struck down by the Supreme Court in February.
Trade US Imposes 10% Tariff on India Under Forced Labour Probe; Oil Prices Surge
The US Trade Representative has announced a permanent 10% additional tariff on India and 16 other countries under Section 301 for allowing imports of goods produced with forced labour. The levy, lower than the proposed 12.5%, replaces a temporary duty and is unlikely to have a major impact. Separately, Indian crude basket surged 11% to $103.33 per barrel amid supply disruptions.
Trade Trump Imposes Fresh Tariffs on 60 Economies Over Forced Labour; India Gets 10% Duty
US President Donald Trump imposed new Section 301 tariffs on imports from 60 economies over forced labour concerns, effective July 24, 2026. India is among 17 economies that will face a lower 10% tariff instead of the proposed 12.5% duty. The action follows USTR investigations launched on March 12, 2026.
Trade Trump's Generic Drug Tariffs Explained: What It Means for Indian Pharma Before the 200% Storm
US President Donald Trump unveiled a phased tariff plan for imported generic medicines: duty-free for two years from August 1, then 100% for one year, followed by 200%. For Indian drugmakers, the plan offers temporary relief but signals a long-term shift. India's pharma exports to the US account for 34% of total pharma exports, worth $30.47 billion in 2024-25. Leading companies with US manufacturing operations may have greater flexibility.
Trade Trump's Phased Tariff Plan on Generic Drugs: 0% for Two Years, Then Up to 200%
President Donald Trump announced a phased tariff plan on imported generic medicines, with zero tariffs for two years from August 1, 2026, followed by 100% for one year and 200% thereafter. The move targets India, which exported $9.7 billion in pharmaceuticals to the US in 2025, accounting for 38% of its total pharma exports. Indian generics supply 47% of US prescriptions and saved the US healthcare system $219 billion in 2022.
Trade Trump Announces 0% Tariff on Generic Medicines for Two Years; 200% Thereafter
President Trump has announced a 0% tariff on generic medicines for two years, followed by a 200% tariff thereafter, according to Business-Today. The report, dated July 22, 2026, provides no further details on scope, effective date, or enforcement bodies.
Trade Trump Imposes 50% Tariffs on Canadian Goods Retaliating for US Farmer Treatment
US President Donald Trump has imposed a 50% tariff on a wide range of Canadian imports, citing unequal treatment of US farmers, cars, dairy, and alcohol. The White House confirmed the duties will take effect in 30 days, marking a major escalation in trade tensions.
Trade Canada Vows to Protect Workers After Trump Imposes 50% Tariffs on Select Canadian Goods, Calling It a 'Direct Violation' of CUSMA
Prime Minister Mark Carney condemned President Trump's new 50% tariffs on select Canadian goods as a direct violation of CUSMA. The tariffs target motor vehicles, dairy, and alcoholic beverages, set to take effect in 30 days, with exemptions for energy, potash, fish, and critical minerals. Canada pledges to support workers and remains open to negotiations.
Trade Trump Imposes New 50% Tariffs on $20 Billion in Canadian Imports Using Section 338
President Trump on Monday announced new 50% tariffs on roughly $20 billion worth of Canadian imports using Section 338 of the Tariff Act of 1930. The duties, effective in 30 days, target Canadian goods after allegations of discrimination against U.S. autos, dairy, and alcohol. Exemptions include energy, critical minerals, and products already covered under Section 232.
Trade Trump Signs Executive Order Imposing 50% Tariff on Canadian Imports Effective August 19
US President Donald Trump signed an executive order imposing a 50% tariff on a wide range of Canadian imports, effective 19 August, in retaliation for what he called 'unequal treatment' of US cars, dairy and alcohol. The tariffs cover consumer items like wine and hockey sticks and industrial goods such as commercial cement, but exclude energy, potash, critical minerals and fish.
Logistics Trump Promise on Military CDLs Echoes Existing FMCSA Programs, Industry Says
President Trump's remarks about creating an easier pathway for veterans to become CDL holders appear similar to the existing Military Skills Test Waiver Program administered by FMCSA since 2011. The program has already enabled over 40,000 veterans to obtain their CDL. Industry experts caution that military driving experience does not fully replace real-world trucking training.
Commodities Crude Oil Futures Rise as Trump Threatens Strikes on Iran's Energy Targets
Crude oil futures traded higher on Wednesday after US President Donald Trump threatened to strike energy targets in Iran. September Brent rose 0.93% to $85.52 and August WTI gained 0.66% to $79.86 on geopolitical supply disruption fears. Trump's comments follow ongoing attacks between US and Iranian forces in West Asia.
Logistics Trump Monetises Hormuz Security as Tanker Attack Kills Indian Seafarer and US Reimposes Iran Blockade
A UAE-flagged tanker was struck by Iranian missiles in the Strait of Hormuz, killing an Indian crew member, as the US resumed its blockade of Iranian ports and President Trump announced a 20% toll on all cargo transiting the waterway. DP World is planning a new port at Fujairah to bypass the strait.
Commodities Crude oil futures surge after Trump reinstates naval blockade of Iranian ports
Crude oil futures rose sharply on Tuesday after US President Donald Trump reinstated a naval blockade of Iranian ports. September Brent crude climbed 1.78% to $84.78/barrel, while WTI gained 2% to $79.70. The move includes a 20% fee on cargo passing through the Strait of Hormuz, which analysts estimate could add $16/barrel in costs. US Central Command also conducted airstrikes on Iranian military targets, deploying over 50,000 troops.
Logistics Strait of Hormuz Traffic Near Standstill as Trump Declares Ceasefire 'Over' After US Strikes on Iran
Traffic through the Strait of Hormuz came to a near standstill on July 9 after a second day of US strikes on Iran, with President Trump declaring the ceasefire 'over.' Iran struck Kuwait and Bahrain, and attacks on three commercial vessels—including an LNG carrier and two VLCCs—prompted an IMO evacuation framework suspension. The Joint Maritime Information Centre raised the threat assessment to severe, and Iran threatens to close the strait completely.
Commodities Crude Chaos: Oil Near $80 a Barrel After Trump Declares US-Iran Ceasefire ‘Over’
Oil prices surged toward $80 a barrel after US President Donald Trump declared the US-Iran ceasefire 'over' and launched fresh strikes. Brent crude rose 1.31% to $79.04, extending a 5% rally. Maritime authorities raised the Strait of Hormuz threat level to 'severe' following tanker attacks, reigniting inflation fears.
Commodities Oil Jumps Nearly 5% as Trump Declares Iran Ceasefire 'Over'; Wall Street Falls
Oil prices surged nearly 5% and US stocks fell on Wednesday after President Donald Trump declared the ceasefire with Iran effectively over, raising fears of renewed disruptions to global energy supplies. Brent crude rose 4.8% to $77.74 a barrel, while the S&P 500 dropped 0.5% and the Dow lost 550 points.
Trade 100% tariff will supersede trade deals: Trump threatens countries planning digital services tax on US firms
The Times of India published a report on June 26, 2026, with a headline stating that Donald Trump threatens to impose a 100% tariff on countries planning a digital services tax on US firms. The article text, however, describes the TOI Business Desk and provides financial calculators, lacking substantive details on the tariff threat.
Trade Trump Threatens 100% Tariff on European Digital Services Taxes on Truth Social
US President Donald Trump has threatened to impose a 100% import tariff on any European country that introduces a digital services tax on American technology giants. The warning, posted on Truth Social, targets nations planning new levies and would supersede existing bilateral trade agreements. The UK's existing 2% Digital Services Tax, which raised over £800 million in 2024-25, may be affected, though its precise implications remain unclear.
Commodities Trump Administration Adds Duke Energy to Offshore Wind Buyout Campaign With $129M Settlement
The US Department of the Interior has reached a settlement agreement with Duke Energy to terminate its offshore wind lease in the Carolina Long Bay area for $129 million, as part of the Trump administration's broader campaign to halt offshore wind projects. Duke will reinvest the funds in new nuclear, natural gas, and grid enhancements. The administration has now spent over $2.6 billion to terminate nine offshore wind leases.
Trade Iran rushes to sell oil to India after Trump sanctions waiver – all you need to know
Following a 60-day sanctions waiver from the Trump administration, Iran is rushing to sell crude to Asian buyers including India. Around 68 million barrels of oil are floating at sea, over 80% without confirmed destination. However, Asian refiners remain cautious due to policy uncertainty and sanctions complexities.
Technology Trump Administration Allows Anthropic to Release Mythos to Select US Organizations
The US government has partially lifted restrictions on Anthropic's Claude Mythos 5, allowing over 100 US organizations, including large corporations and government agencies, to regain access. The decision follows Anthropic's work with the government on safeguards, but a broader rollout and the consumer version Claude Fable 5 remain restricted.
Trade How Trump’s Tax Credit Reversal Helped China Tech Power America's Cheapest EV
Slate, a Michigan-based automaker, launched the cheapest electric truck in the US at under $25,000, powered by lithium iron phosphate (LFP) batteries—a technology dominated by China. The repeal of the EV tax credit by the GOP-led Congress, fulfilling a Trump campaign promise, removed restrictions on Chinese battery content, allowing Slate to adopt LFPs. BloombergNEF predicts US EV sales will fall 19% in 2026 due to the policy change.
Business Trump Claims 'Soaring' Economy on Record Stock Rally, Tax Cuts Ahead of Independence Day
President Donald Trump on Friday declared the US economy was 'soaring,' pointing to a record quarterly stock market performance, tax cuts, narrowing trade deficit, and surging investment. His remarks came ahead of the nation's 250th Independence Day and were amplified by a Mount Rushmore speech and a CNBC interview.
Trade US Forced Labour Hearings: Trump Tariff Threat Looms Over 60 Countries Including India
The United States Trade Representative (USTR) has proposed additional tariffs of 10% to 12.5% on goods from India and 59 other economies under a Section 301 investigation into forced labour. Three-day hearings starting July 7, 2026, will hear from affected countries including India, Mexico, Vietnam, and others. The move could complicate ongoing US-India trade talks.
Commodities Crude Oil Surges Over 6% as Trump Declares Iran Ceasefire 'Over'
Oil prices surged more than 6% after US President Donald Trump declared the interim ceasefire with Iran 'over' following US strikes on Iran in response to attacks on three ships in the Strait of Hormuz. Brent crude rose 6.3% to $78.80 a barrel, and US benchmark crude jumped 6.4% to $75.00. The move raises uncertainties over inflation and coincides with concerns over AI stock valuations.
Finance Trump Rings NYSE, Nasdaq Opening Bells from Oval Office to Launch Trump Accounts for Children
President Donald Trump rang the opening bells of the New York Stock Exchange and Nasdaq from the Oval Office on Monday to launch Trump Accounts, a new investment programme for children created under the Republicans' 2025 tax and spending law. Treasury Secretary Scott Bessent noted that 38% of American families have no stock market exposure. The S&P 500 has posted strong gains in recent years, but inflation and cost-of-living concerns persist, with only 33% of US adults approving of Trump's handling of the economy.
Finance Supreme Court blocks Trump's attempt to fire Federal Reserve governor Lisa Cook in 5-4 ruling
The US Supreme Court ruled 5-4 to block President Trump's attempt to fire Federal Reserve Governor Lisa Cook, stating the administration did not provide sufficient due process. The case returns to lower courts where the administration must prove mortgage fraud allegations. The decision is seen as affirming the Fed's independence.
Technology Trump White House Replaces Anthropic CEO Dario Amodei in AI Export Control Talks
The Trump administration has grown frustrated with Anthropic CEO Dario Amodei and replaced him with cofounder Tom Brown in meetings about re-releasing the Claude Fable 5 AI model. Export controls remain in place after the NSA affirmed jailbreak risks, and lawmakers have sent questions to Commerce Secretary Howard Lutnick about the path forward.
Commodities US President Donald Trump orders DOJ probe into petrol price gouging as oil prices fall
President Donald Trump announced Wednesday that he has ordered the Department of Justice to investigate major energy companies for petrol price gouging, accusing them of not cutting pump prices in line with falling crude oil costs. Brent crude has dropped to around $76 a barrel from nearly $120 in May, yet the average US gasoline price remains at $3.90 per gallon, well above pre-conflict levels.
Commodities Trump Claims Record 19 Million Barrels of Oil Transited Hormuz; Prices Fall
US President Donald Trump claimed that 19 million barrels of oil transited the Strait of Hormuz on Monday, setting an all-time record. Oil prices ticked lower, with Brent crude falling to $77.45/barrel and WTI to $73.52/barrel. The US formally waived sanctions on Iranian oil for 60 days under General License X, in line with a US-Iran memorandum of understanding.
Trade US Grants 60-Day Sanctions Waiver for Iranian Crude Oil; India Eyes Lower Prices
The United States granted Iran a 60-day sanctions waiver for crude oil exports following peace talks in Switzerland. The exemption, valid until August 21, 2026, allows Tehran to sell oil and receive payments. For India, lower global crude prices are expected, but analysts caution against expecting immediate import deals due to policy uncertainty.
Trade Trump Says India, US 'Very Close' to Trade Deal After Modi Bilateral at G7
US President Donald Trump said India and the US are 'very close' to finalising a trade deal, after a bilateral meeting with Prime Minister Narendra Modi on the sidelines of the G7 summit. Trump praised Modi as a 'tough negotiator' and also offered US assistance if India is attacked. The comments come amid tensions over US strikes on ships with Indian sailors in the Strait of Hormuz.
Trade PM Modi and Trump Direct Officials to Fast-Track 'Commercially Meaningful' Trade Pact
Prime Minister Narendra Modi and US President Donald Trump directed officials to fast-track a 'commercially meaningful' trade pact during their G7 Summit meeting. US Trade Representative Jamieson Greer will visit India next week to advance negotiations. The leaders reaffirmed the India-US Comprehensive Global Strategic Partnership and reviewed progress under the COMPACT initiative.
Commodities Trump Lets Sanctions Waiver on Russian Crude Expire as US-Iran Peace Deal Progresses
The Trump administration allowed the sanctions waiver on Russian crude oil to expire as the US and Iran signed a peace deal memorandum. The waiver had enabled India to import discounted Russian oil. With the Strait of Hormuz expected to normalize, India may pivot to Middle Eastern, Iranian, and Venezuelan crude.
Trade Trump Signals Progress on India-US Trade Agreement, Says 'Very Close to Deal' at G7 Summit
US President Donald Trump announced at the G7 Summit that India and the US are 'very close' to a bilateral trade agreement. USTR Jamieson Greer will visit India on June 23-24 for final negotiations with Commerce Minister Piyush Goyal, who says 99% of issues are settled. The interim deal is expected before July 24, when a temporary US tariff regime expires.
Trade Trump Says US Can ‘Soon’ Reimpose Russian Oil Sanctions After Strait of Hormuz Reopens
US President Donald Trump announced the US will soon reimpose sanctions on Russian oil shipments after crude flows resumed through the Strait of Hormuz following a deal with Iran. The remarks came at the G7 summit in France, where leaders discussed increasing pressure on Moscow over the Ukraine war.
Commodities ‘Let the oil flow’: What Trump’s possible peace deal with Iran, Strait of Hormuz opening mean for India
US President Donald Trump announced an imminent peace deal with Iran and the reopening of the Strait of Hormuz, causing crude oil prices to fall from peaks of $120 to below $85 per barrel. For India, which imports nearly 90% of its oil, this could ease pressure on the rupee, current account deficit, and retail fuel prices, though impacts may take time to materialize.
Commodities US investors rush to Venezuela oil as Trump calls for $100 billion investment
US investment groups are racing to capitalize on the reopening of Venezuela's oil sector following President Trump's call for $100 billion in investment. Lionheart Capital plans to merge with Keo Energy to create a Nasdaq-listed company, while Formentera Partners and Amos Global Energy Management assess opportunities. The moves follow sanctions relief and a new hydrocarbons law.
Trade Trump threatens 100 percent tariff on France's wine industry over its tech tax - Engadget
President Donald Trump has threatened to impose a 100% tariff on all French wine and champagne imports unless France removes its three percent digital services tax on US tech companies. The threat, made ahead of the G7 conference in France, targets the GAFAM tax which generates around $700 million per year for France. French wine and champagne sales in the US are worth at least $2 billion.
Commodities Oil Prices Slip Below $90: Brent, WTI Tumble After Trump Announces Ending War With Iran
Oil prices slipped below $90 per barrel as Brent crude and West Texas Intermediate tumbled following President Trump's announcement of ending the war with Iran. The Times of India report provided the headline but did not include specific price levels, volume changes, or trade implications.
Commodities Crude oil futures decline over 4% after Trump announces Iran peace deal
Crude oil futures declined by more than 4% on Monday after US President Donald Trump announced a peace deal with Iran, including the opening of the Strait of Hormuz and removal of the naval blockade. August Brent crude fell to $83.27 per barrel, while July WTI dropped to $80.55. Other commodities like natural gas also declined, while jeera and dhaniya futures rose.
Business Asian Markets Rally, Crude Plunges on US-Iran Peace Deal Announcement at Strait of Hormuz
Asian equities advanced sharply and crude oil prices fell steeply after signs of a preliminary US-Iran peace deal, including reopening of the Strait of Hormuz. Pakistan PM Shehbaz Sharif and US President Donald Trump confirmed the agreement, which boosts hopes of lower global inflation and reduced pressure on central banks.
Commodities Oil Prices Tumble 4% as Trump Announces US-Iran Deal, Strait of Hormuz Reopening; Brent Falls Below $85
Oil prices plunged to lowest since March on Monday after US President Donald Trump announced the completion of a deal with Iran and the immediate toll-free reopening of the Strait of Hormuz. Brent crude futures dropped 4.1% to $83.75 a barrel, while WTI fell 4.72% to $80.87, easing fears of supply disruptions through the critical waterway. The diplomatic breakthrough, mediated by Pakistan, will be formally signed in Switzerland on June 19.
Technology Trump's AI Memo Accelerates Military Adoption of Frontier Models with New Restrictions
President Trump signed a National Security Presidential Memorandum on Friday to accelerate AI adoption across federal defense agencies, mandating rapid onboarding of frontier models from multiple vendors. The memo requires the Secretary of Defense to update autonomous weapons directives and introduces a restriction preventing entities from disabling or modifying AI systems used by the military without prior approval. It also prohibits defense agencies from creating AI that censors free speech or embeds ideological bias.
Technology Trump Administration Reportedly in Talks to Take Stake in OpenAI, Sources Say
The Trump administration is reportedly in talks to take an equity stake in OpenAI, as first reported by NOTUS and confirmed by CNBC. The discussions, dating back to 2025, involve CEO Sam Altman and are part of a proposed 'Public Wealth Fund' concept. No terms have been finalized, but the move follows a precedent of government stakes in tech companies like Intel.
Trade Mexico Holds Top US Trade Spot as Trump Raises Doubts on Renewing USMCA
Mexico held its position as the top U.S. trading partner in April with $86.04 billion in two-way trade, a 23.4% increase year-over-year, extending a streak since 2023. President Donald Trump raised doubts about renewing the USMCA, stating he is not looking to renew it. USMCA negotiations continue with a second round of talks scheduled in Washington.
Technology Trump's Spy-Chief Pick Threatens Surveillance Authority
President Trump's nomination of Bill Pulte as acting Director of National Intelligence threatens the renewal of Section 702 of the Foreign Intelligence Surveillance Act. The appointment has stalled bipartisan efforts to extend the surveillance authority, crucial for national security.
Commodities Crude Oil Futures Fall as Trump Signals Possible Iran Deal
Crude oil futures traded lower after US President Donald Trump signaled a possible peace deal with Iran. August Brent fell 1.90% to $88.66, and July WTI dropped 1.82% to $86.11. ING analysts expressed caution, noting past false starts and quiet signals from Tehran. OPEC's May production fell 177,000 b/d, led by Iran's 546,000 b/d decline, while Saudi, UAE, and Iraq increased output.
Trade India's Energy Shift: Russian Crude and US LPG/LNG Imports
India continues to import significant amounts of Russian crude oil despite US pressures, while increasing LPG and LNG imports from the US. Geopolitical tensions and economic factors drive these energy trade decisions.
Business Alex Vindman Eyes Senate Seat Amid Political Challenges
Alex Vindman, a key figure in Trump's impeachment trial, is running for the US Senate in Florida. Despite challenges, he aims to address issues like affordability and corruption.
Technology Trump and AI Leaders Discuss US Investment Stakes
President Trump is set to meet with AI leaders to discuss potential US government investments in major AI companies. This move aims to create a partnership with the American public, similar to the previous Intel investment. Meanwhile, Senator Bernie Sanders proposes a 50% public ownership stake in AI firms.
Regulations & Compliance US Treasury urges banks to monitor migrant transactions
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Trade US Trade Chief Affirms Tariff Deal Amid New Proposals
US Trade Representative Jamieson Greer reaffirmed the tariff agreement with the EU amidst new proposals to impose import taxes on 60 economies. The EU-US deal includes a 15% tariff ceiling on EU exports.
Trade US Proposes New Tariffs on India Amid Trade Talks
The US Trade Representative has proposed new tariffs on India under Section 301, citing unfair trade practices. This move comes during ongoing trade negotiations between the US and India.
Trade Trump Alters Tariffs to Boost US Metal Industry
President Trump has revised tariffs on copper, aluminum, and iron imports to stimulate the US manufacturing sector. The changes, effective until December 31, 2027, aim to encourage investment in the nation's industrial base.
Trade US Oil Reserves Depleted Amid Middle East Conflict
The US Strategic Petroleum Reserve has been significantly depleted as the Trump administration releases 50 million barrels to counteract supply disruptions from the Iran conflict. This marks a stark contrast to Trump's previous criticism of Biden's reserve usage.