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Alan Rappeport
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How the U.S. Is Trying to Ensure the Dollar’s Dominance During Economic Turmoil
As the government has been devising plans to keep the dollar dominant, China has been making its own moves to increase global influence of the…
U.S. Targets Iran’s Missile and Drone Program With Sanctions
The new measures are focused on Chinese companies that supply Iran’s military with materials to make drones.
U.S. Warns China Over Iranian Oil as Sanctions Fight Intensifies
China told its independent refineries to disregard U.S. sanctions over their purchases of Iranian crude.
World Bank estimates energy prices will surge 24 percent in 2026.
Iran war is fueling inflation and slowing growth around the world, according to a new report.
Treasury Issues More Sanctions on Iranian Oil Exports
The measures aim to crack down on Iran’s shadow banking system and Chinese purchases of Iranian oil.
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…