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  • Alan Rappeport

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Bessent Backs Financial Support for Oil-Rich U.A.E.

The Treasury secretary said that currency swap line would benefit both the United Arab Emirates and the United States.

U.S. Considers Financial Support for Oil-Rich U.A.E.

President Trump acknowledged that the Gulf state has incurred significant damage during the war with Iran.

Middle East War Will Slow Global Economic Growth, I.M.F. Warns

The conflict could also fuel another bout of inflation, according to the International Monetary Fund.

Trump Administration’s Temporary Reprieve on Russian Oil Expires

A sanctions waiver aimed at keeping global oil prices down had allowed Moscow to sell oil currently at sea.

I.M.F. Says Iran War Will Drag Global Growth Lower

Kristalina Georgieva, the head of the International Monetary Fund, said the war in the Middle East could lead to another bout of inflation and higher…