Oil prices jumped (7) percent at settlement on Friday.

Russia emerged as the fourth-largest economy globally with the least dependence on imports in 2024, according to an analysis by the Russian news agency RIA Novosti. Conversely, Belgium was identified as the most import-dependent among the largest economies.

The US dollar fell on Thursday after weaker-than-expected US inflation data for May, increasing expectations that the Federal Reserve may cut interest rates sooner than expected.

Oil prices jumped about eight percent in early Asian trading on Friday, while gold prices were on track to hit a new record high as geopolitical risks increased following the Israeli enemy attack on Iran early this morning.

Boeing shares fell more than 7% in premarket trading on Thursday following the crash of an Air India Boeing 787-8 Dreamliner near Ahmedabad Airport.

The British Office for National Statistics announced on Thursday that the country's exports to the United States fell to an unprecedented low in April, following the implementation of some US tariffs.

The Irish airline Ryanair announced on Thursday the cancellation of all flights to and from Israel until at least the end of August.

The Palestinian Consumer Price Index (CPI) dramatically increased by 23.59% in May, primarily due to a sharp 43.21% rise in the Gaza Strip compared to April 2025. In contrast, al-Quds saw a marginal 0.09% decrease, and the West Bank a slight 0.05% decrease.

US President Donald Trump announced on Wednesday that he had reached a preliminary agreement with China, under which rare earths will be imported from Beijing.

European stock indices closed Tuesday on a flat note, as investors awaited the results of the second day of US-China trade talks in London.

A new report by the Energy Research Unit indicates an increase in Iraqi and Libyan oil exports, while Oman and Qatar's seaborne crude oil exports declined in May 2025.

Li Zhenggang, Chinese Vice Minister of Commerce, confirmed on Wednesday that his country and the United States held in-depth, rational, professional, and candid trade talks.

The World Bank on Tuesday lowered its global economic growth forecast for 2025 by 0.4 percentage points, to 2.3%, noting that escalating trade tensions and increased tariffs represent a "significant obstacle" for nearly all economies, both advanced and emerging.

Gold prices declined on Tuesday, affected by a stronger dollar as market participants awaited details of the second day of US-China trade talks in London.

Oil prices saw a significant increase in Monday afternoon trading, with US crude reaching its highest level in approximately a month and a half, specifically since April 22.

Gold prices largely held steady in Asian markets Monday, following strong gains last week driven by economic uncertainty in the United States and a weakening dollar. This prompted investors to seek safe-haven assets.

The US dollar declined against all major currencies during trading on Monday, as the optimism following the release of a strong US jobs report gave way to caution ahead of the launch of high-level trade talks between the United States and China in London.

Australian Trade Minister Don Farrell announced on Sunday that his country hopes to diversify its trade partnerships with other countries to reduce its dependence on the United States, criticizing what he considered "unjustified" US tariffs.

China's State Administration of Foreign Exchange announced on Saturday evening that the country's foreign exchange reserves reached $3.2853 trillion by the end of May, an increase of $3.6 billion, or 0.11%, compared to the end of April.

The Chinese Ministry of Commerce announced on Saturday that Beijing is willing to expedite the inspection and approval process for rare earth mineral exports to European Union companies and will issue a ruling on its trade investigation into brandy imports from the bloc by July 5.