G7 economic agenda strained by inflation fears and US-EU split over Russia oil sanctions
Inflation concerns are clouding the Group of Seven economic agenda as finance ministers prepare to discuss energy prices and sanctions policy. The immediate dispute centres on the Trump administration's decision to ease oil sanctions on Russia, which has put the United States at odds with Europe. The tension comes as the Iran war continues to unsettle markets and complicate the policy outlook for major advanced economies.The only confirmed detail in the supplied material is that the United States and Europe are at odds over the sanctions move. The report does not give a date for any formal G7 decision, but... [Continue Reading]
360LiveNews | 19 May 2026 18:00 LONDON
Sponsored
Oil prices edge higher after Trump warning to Iran raises cease-fire doubts
Oil prices moved higher after President Donald Trump issued a new warning to Iran, adding to uncertainty around a cease-fire described as tenuous. The move came as markets reacted to the possibility that the truce in the war could prove fragile. The development has immediate significance for energy traders because tensions involving Iran can quickly affect expectations for supply and risk.The only confirmed detail in the supplied material is that prices rose after the warning, with the warning itself directed at Iran. The cease-fire is described as tenuous, but no further terms of the truce are provided in the source... [Continue Reading]
360LiveNews | 18 May 2026 06:59 LONDON
