Iran war has cut into oil consumption but not enough to halt ‘rapid’ draw on inventories

Secretary of Defense Pete Hegseth recently asked Congress for a staggering amount of money: $1.5 trillion. That’s a more than 40 percent increase from last year’s also incomprehensible Pentagon budget and the equivalent of the annual revenues of Amazon, Google’s parent company and Apple combined.

The promise of Keir Starmer’s Labour Party in 2024 was renewed stability — but that now appears to be under threat.

A central question hanging over the summit this week is whether China will agree to extend a temporary postponement of even tougher rare-earth export controls.

The president came into office planning harsher trade moves on China than on the rest of the world. Here’s why he’s had to scale them back.

A close look at a Blue Owl credit fund’s holdings raises questions about its valuations

When President Trump imposed 145 percent tariffs on China a year ago, Chinese state media urged the public to revisit a nearly 90-year-old essay by Mao Zedong. This required reading was Mao’s “On Protracted War,” a 1938 tract laying out his strategy for defeating the Japanese forces that had invaded China. President Xi Jinping has praised the strategic foresight, discipline and patience espoused by Mao in the essay, which has emerged as a guiding framework for how China aims to face the United States.

Stuck with the fallout from America’s war in Iran, European leaders have criticized the president publicly. When he’s been angered, they haven’t backed down.

The leaders of both countries are expected to discuss the risks from artificial intelligence, but neither country is willing to be the first to slow down.

Dozens of Gulf citizens have been accused of belonging to Iran-linked terrorism cells as the war accelerates a shift toward deeper authoritarianism in the region.