United States President Donald Trump said on Tuesday that China can continue to purchase Iranian oil after Israel and Iran agreed to a ceasefire, a move that the White House clarified did not indicate a relaxation of US sanctions. “China can now continue to purchase oil from Iran. Hopefully, they will be purchasing plenty from the US, also,” Trump said in a post on Truth Social, just days after he ordered US bombings of three Iranian nuclear sites. Trump was drawing attention to no attempts by Iran so far to close the Strait of Hormuz to oil tankers, as a closure would have been hard for China, the world’s top importer of Iranian oil, a senior White House official told Reuters. “The president continues to call on China and all countries to import our state-of-the-art oil rather than import Iranian oil in violation of US sanctions,” the official said. After the ceasefire announcement, Trump’s comments on China were another bearish signal for oil prices, which fell nearly 6 per cent on Tuesday. Any relaxation o...
Trump may issue an executive order to protect crypto firms from banking discrimination, ending what some call Operation Chokepoint 2.0, according to The Wall Street Journal. US President Donald Trump’s administration is reportedly considering an executive order aimed at preventing banks from cutting off services to politically unfavorable industries, including cryptocurrency firms, according to a Tuesday report from The Wall Street Journal, citing unnamed sources. The move would come in response to allegations that some banks have denied services to tech and crypto entrepreneurs as part of a coordinated debanking campaign critics have dubbed “Operation Chokepoint 2.0.” At least 30 technology and cryptocurrency founders were reportedly denied access to banking services during the administration of former President Joe Biden. Read more
Israel’s military said Iran launched waves of missiles on Tuesday, with emergency services reporting four people killed, hours after US President Donald Trump announced a complete ceasefire between Israel and Iran to end a 12-day war. Witnesses said they heard explosions near Tel Aviv and Beersheba in southern Israel. Israel’s military said six waves of missiles were launched by Iran and Israel’s national ambulance service said four people were killed in Beersheba, the first reported deaths in Israel since Trump announced the ceasefire late on Monday. Trump said on Tuesday a ceasefire between Israel and Iran was now in place and asked both countries not to violate it, only hours after Iran launched waves of missiles, which Israel’s ambulance service said killed four people. “The ceasefire is now in effect. Please do not violate it!” he said in a Truth Social post. Earlier, a senior White House official said Trump had brokered a ceasefire deal in a call with Israeli Prime Minister Benjamin Netanyahu and Israel...