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Lebanon's most senior Shi'ite politician says no to negotiations with Israel until war stops

Lebanon's most senior Shi'ite politician says no to negotiations with Israel until war stops

BEIRUT, May 4 (Reuters) - Lebanon's parliament speaker, who is the most senior Shi'ite politician and a close ally of Hezbollah, said on Monday there could be no negotiations with Israel without a halt to the war that has raged on in southern Lebanon in spite of a ceasefire.
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Trump will host Brazilian president for talks on economy and security, a White House official says

Trump will host Brazilian president for talks on economy and security, a White House official says

President Donald Trump will host Brazilian President Luiz Inácio Lula da Silva on Thursday for talks about shared economic and security issues
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Brazil's central bank warns of emerging inflation risks as Iran war drags on

Brazil's central bank warns of emerging inflation risks as Iran war drags on

BRASILIA, May 5 (Reuters) - The Brazilian central bank considered changing its view on inflation risk balance but ultimately maintained a level outlook despite the U.S.-Israeli war on Iran already raising inflation expectations, it said on Tuesday.
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Former UNSC President Warns of Iran War's Impact on Energy Prices and Economy

Former UNSC President Warns of Iran War's Impact on Energy Prices and Economy

Kishore Mahbubani, the former President of the United Nations Security Council, has expressed concerns about the ongoing war involving Iran, the United States, and Israel. He highlighted that the conflict has exposed vulnerable chokepoints, significantly affecting global energy prices and the economy. The strategic advantages held by Iran, the US, and Israel contribute to the uncertainty surrounding the war's outcome. This conflict has led to increased energy prices, impacting economies worldwide.
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US gasoline prices top $4.50 a gallon as summer driving season nears

US gasoline prices top $4.50 a gallon as summer driving season nears

By Anushree Mukherjee May 5 (Reuters) - The U.S. national average retail price of gasoline surpassed $4.50 a gallon on Tuesday for the first time since July 2022, data from GasBuddy showed, as the U.S.-Israeli war with Iran kept disrupting a substantial portion of global oil supplies shipped through
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Ship is attacked near Strait of Hormuz as Iran reviews US response to latest proposal

Ship is attacked near Strait of Hormuz as Iran reviews US response to latest proposal

A cargo ship near the Strait of Hormuz has reported an attack by multiple small craft, according to a British military monitor, and all crew members are safe
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Trump says the US will 'guide' stranded ships from the Strait of Hormuz, starting on Monday

Trump says the US will 'guide' stranded ships from the Strait of Hormuz, starting on Monday

U.S. President Donald Trump has announced "Project Freedom" to help ships leave the Strait of Hormuz, starting on Monday
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Stocks edge up in Asia, oil flat amid Middle East uncertainty

Stocks edge up in Asia, oil flat amid Middle East uncertainty

By Wayne Cole SYDNEY, May 4 (Reuters) - Shares edged higher while oil prices flatlined in Asia on Monday, as investors drew comfort from signs of patchy progress in settling the Middle East conflict at the start of a week packed with earnings and key economic data.
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Yen steady as intervention fears linger with Japan shut for holidays

Yen steady as intervention fears linger with Japan shut for holidays

By Gregor Stuart Hunter SINGAPORE, May 4 (Reuters) - The yen stabilised at the start of trading in Asia, strengthening slightly after a few choppy sessions following suspected intervention by authorities to strengthen the currency last week. 
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Trump says US to help ships stranded in Strait of Hormuz as tanker hit by projectiles

Trump says US to help ships stranded in Strait of Hormuz as tanker hit by projectiles

By Parisa Hafezi and Jacob Bogage DUBAI/DORAL, Florida, May 4 (Reuters) - A tanker reported being hit by unknown projectiles in the Strait of Hormuz, a maritime security organisation said on Monday, shortly after President Donald Trump said the U.S. would start helping free ships stranded in the
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Kashkari says Iran war limits Fed's ability to provide rate guidance

Kashkari says Iran war limits Fed's ability to provide rate guidance

By Michael S.
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Israel Prepares for Escalation Amid Doubts Over U.S. Blockade Strategy on Iran

Israel Prepares for Escalation Amid Doubts Over U.S. Blockade Strategy on Iran

Israel is bracing for potential escalation as it questions the effectiveness of the U.S. blockade strategy on Iran. Prime Minister Benjamin Netanyahu has instructed ministers to refrain from public comments on Iran during this sensitive period. Iran's Foreign Ministry has received a U.S. response through Pakistan to its proposal aimed at ending the conflict, which is currently under review. The proposal reportedly includes a ceasefire and a regional security framework, but Iran has not agreed to President Trump's demand to relinquish enriched uranium. The U.S. is preparing for possible renewed conflict, which could involve significant military operations. President Trump has indicated skepticism about the acceptability of Iran's plan.