AFP

Oil prices jump, stocks drop as traders track Israel-Iran crisis

Oil prices jumped and stocks mostly fell Tuesday after President Donald Trump abruptly departed G7 talks and concerns rose over a possible US intervention in the Israel-Iran war.Investors’ optimism the previous day that the conflict would not spread throughout the Middle East gave way to fears of further escalation as the fighting entered its fifth …

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China’s Xi in Kazakhstan to cement ‘eternal’ Central Asia ties

Xi Jinping celebrated China’s “eternal friendship” with Central Asia at a summit in Kazakhstan on Tuesday, as the Chinese leader blasted tariffs and sought to assert Beijing’s influence in a region historically dominated by Russia.The summit in Astana brought together Xi with the leaders of Kazakhstan, Kyrgyzstan, Uzbekistan, Tajikistan and Turkmenistan.Under Russia’s orbit until the …

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G7 urges Middle East de-escalation as Trump makes hasty summit exit

G7 leaders on Monday called for “de-escalation” in the Middle East starting with the Israel-Iran conflict, as US President Donald Trump hastily left the group’s summit.Trump, who was making his return to the international diplomatic calendar, departed the gathering in the Canadian Rockies a day early as ally Israel pounded Iran.After a day of statements …

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G7 urges Iran de-escalation as Trump makes hasty summit exit

G7 leaders on Monday called for “de-escalation” in the Middle East starting with the Israel-Iran conflict, as US President Donald Trump hastily left the group’s summit.Trump, who was making his return to the international diplomatic calendar, departed the gathering in the Canadian Rockies a day early as ally Israel pounded Iran.After a day of statements …

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Oil prices jump after Trump’s warning, stocks extend gains

Oil prices rallied Tuesday after Donald Trump urged Tehran residents to evacuate, stoking fresh fears of all-out war as Israel and Iran continued to pound each other with missiles.Hopes that the deadly conflict can be contained helped most equities rise, while the US president’s earlier claim that the Islamic republic wanted to make a nuclear …

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