DONT NEED A DEAL WITH IRAN
Donald Trump, Xi Jinping and Vladimir Putin plan unprecedented joint meeting on APEC sidelines, White House and Kremlin say
Trump has warmly embraced Xi after coming to a truce in their short-lived trade war last year and in spite of differences over the U.S. war with Iran and other tensions between the world's foremost economic powers. Similarly, Trump has sought to build his relationship with Putin, even as the Russian leader has persisted in his nearly 5-year-old war with Ukraine and as Moscow has deepened its military, intelligence and diplomatic partnership with Iran.
Trump tells advisers he may hold off on Iran attacks barring new provocations, sources say
President Trump has been consulting with regional allies about the potential delay of military action against Iran. Both Saudi Arabia and Turkey have urged him not to resume strikes, citing the effectiveness of existing sanctions. The US military remains prepared to escalate if necessary, with a third aircraft carrier moving into the region soon. Israel continues to apply pressure for renewed military engagement against Iran's nuclear capabilities.
A new Yalta? Why a Trump-Xi-Putin meeting has the world on edge
Negotiations are ongoing for a potential meeting of world leaders Trump, Xi, and Putin next week. These leaders have different priorities, leading to uncertainty about the meeting's agenda and outcomes. While Trump hopes to discuss nuclear arms control, Xi is more reticent about this topic. Smaller nations, including Ukraine and Taiwan, express concern over a possible private agreement among the major powers.
With shifting Iran rhetoric following US elections, Trump leaves Mideast in limbo about path ahead
President Donald Trump has made ambiguous statements about the Iran war after the midterm elections. He acknowledged the conflict's impact on Republican losses and stated that military action is unlikely. Trump's comments have raised uncertainty among Middle Eastern diplomats regarding ongoing negotiations led by Qatar. Iran remains unwilling to engage in talks without certain conditions being met. The situation continues to evolve with each unpredictable comment from the president.
Trump, Xi and Putin plan an unprecedented joint meeting on the sidelines of APEC, White House says
The three leaders may meet during the Asia-Pacific Economic Cooperation summit. This unprecedented summit is expected to focus on nuclear arms discussions and regional tensions. While no significant agreements are anticipated, the meeting symbolises their ongoing diplomatic engagements.
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JD Vance's 2028 US Presidential ambitions hit a new twist: Could he walk away from the race?
JD Vance is reportedly considering stepping away from his 2028 presidential ambitions after recent Republican losses. The continuing Iran war raises significant concerns regarding voter support and the political climate for the party. Disagreements with Donald Trump over the Iran conflict put Vance in a difficult position. Family considerations may also influence his decision to delay a run for office.
Why did market fall today? Sensex falls 319 points, Nifty ends below 25,150 as explosive rally hits the brakes. 5 key factors explained
Following a thriving rally that spanned ten sessions, the Indian stock market took a hit, recording a Sensex drop of 319 points to close at 81,592, alongside a Nifty 50 fall of over 155 points. Inflation worries have sparked apprehensions regarding potential interest rate hikes by the Reserve Bank of India in the upcoming December meeting.
World shares log modest losses as investors assess impact on AI sector from the Nvidia scandal
European and Asian shares mostly declined today as investors reacted to Jensen Huang's unexpected resignation from Nvidia, citing national security worries. Meanwhile, Microsoft faced a global service outage, yet the stock market remained largely stable. Asian markets, particularly Hong Kong's Hang Seng index, fell by 1.6 percent amid jitters surrounding the AI sector. Additionally, rising oil prices linked to remarks from the US President about Iran added pressure on stocks.
Asian shares decline as investors assess impact of Nvidia's fallout on global AI development
Asian stock markets faced a downturn on Friday, driven by concerns over Jensen Huang's exit from Nvidia related to AI developments. This dip extended to US futures, mirroring Wall Street's losses linked to Nvidia's struggles. Various sectors experienced notable shifts, particularly in chip manufacturing. Meanwhile, oil prices advanced slightly due to geopolitical tensions, and the dollar experienced minor weakening against the yen while the euro gained traction in today's trading.
Japanese bond yields hit multi-week highs as US Treasury sell-off weighs
Japanese government bond yields surged to multi-week highs, tracking rising US Treasury yields amid US-Iran tensions and expectations of further Federal Reserve rate hikes. Japan’s 10-year JGB yield rose 7 basis points to 2.86%, while the yen weakened towards 160 per dollar, reflecting widening US-Japan interest-rate differentials.
Oil Price Today (November 13): Brent crude climbs above $95 after fresh Middle East attacks; Trump says no need for deal
While oil prices have dropped from their multi decade highs which they hit earlier this year, analysts remain cautious amid the seesaw political game in the Middle East. Goldman Sachs recently raised its oil price forecasts, citing increasing risks to global supplies. The investment bank warned that Brent crude could climb to $140 per barrel in 2027 if oil production across the Gulf region remains significantly below its 2025 average.
Gold inches higher but heads for weekly loss on Fed hike concerns
Gold prices edged higher on Friday, recovering from the previous session's lowest level in more than a year, but stayed on track for a weekly fall as higher oil prices stoked
US stocks: S&P 500, Nasdaq fall as Nvidia CEO exit rattles AI stocks
Nvidia's stock took a hit after CEO Jensen Huang stepped down, amid swirling personal controversies. This turmoil added noticeable pressure to the AI sector, dragging down the value of related stocks. Additionally, surging oil prices are exacerbating inflation worries across the market. Investors are keenly awaiting the Producer Price Index data for insights on inflation trends, even as some sectors continue to show resilience amidst the declines.
Trump says Vance should focus on domestic corruption, 'we don't need a deal with Iran'
President Donald Trump has requested Vice President JD Vance to focus on crime and corruption in Democratic-run cities. He believes addressing these issues could balance the national budget better than a deal with Iran. Vance, considered a candidate for the 2028 presidential election, has distanced himself from Trump’s approach to Iran following election losses.
Iran vows no enriched uranium will leave country, warns US against fresh strikes
Iranian security chief Mohsen Rezaei stated that no enriched nuclear material will be allowed to leave the country. He emphasized that new US strikes would result in retaliation against US bases abroad. The Iranian Supreme Leader has mandated that uranium should not be sent outside of the country. Ongoing tensions have led to no current negotiations between Washington and Tehran.
To achieve real peace for our time, Iran must prepare for war
The article argues that Iran should not accept a peace deal without guarantees of sovereignty and long-term security. It contends that Israel’s regional ambitions and US military and political support for it remain the biggest obstacles to lasting peace. With Tehran’s demands unlikely to be accepted by Washington, Iran must strengthen its deterrence or seek a broader settlement through BRICS to prevent another conflict.
Oil rises from two-month low as Hormuz shipping attacks offset Iran truce hopes
Oil prices rose after a two-month decline due to ongoing tensions in the Iran war and attacks on shipping. Brent futures climbed following reports of multiple attacks on vessels in the Strait of Hormuz. Data indicated a significant rise in shipping incidents in October, with continued threats observed into November. Concerns remain about insurance costs and risks associated with shipping in these waters.
Iran's economic 'pain' will intensify, says US Secretary of State Marco Rubio
US Secretary of State Marco Rubio on Tuesday (local time) said economic pressure on Iran would continue to intensify over the coming months, warning that the country's oil revenues would dry up as sanctions compound.
Marco Rubio says no need for major combat operations on Iran given US economic campaign
Speaking to reporters in Paris, Rubio said the economic pain Washington has inflicted gets worse in time but that US was still open for a "real deal" to be done, but the conditions Tehran continued to place were "absurd".
Marco Rubio tells G7 US will keep imposing 'devastating' costs on Iran, diplomats say
US Secretary of State Marco Rubio briefed G7 foreign ministers on the situation regarding Iran and economic sanctions. During the meeting in Paris, he referred to Iranian authorities in strong terms, emphasizing ongoing sanctions. Trump has decided to delay military strikes against Iran following regional appeals for diplomacy and dialogue. Qatari Prime Minister Sheikh Mohammed bin Abdulrahman Al-Thani expressed cautious optimism about potential diplomatic solutions.
Vanishing vessels and missing sailors: The Iran war's human cost at sea
Naveen Kumar's mother, V. Pandiselvi, has not heard from her son for over six months. Kumar and five other crew members disappeared while onboard Iran-linked cargo vessels in May. Families face emotional turmoil and financial stress amid the ongoing conflict affecting shipping routes. The Indian recruitment agency has failed to provide information about sailors’ repatriation or safety.
Oil falls as Trump downplays prospect of escalation with Iran
Oil prices fell due to President Trump's announcement regarding US military action against Iran, easing supply concerns. Brent crude futures dropped to $92.33 per barrel while WTI futures reached $86.50. Trump stated he would maintain a naval blockade in the Strait of Hormuz temporarily. OPEC's oil output increased in October, supported by higher production from Saudi Arabia and Kuwait.
Trump's foreign policy won't change after Republicans' midterm losses, Rubio asserts
Rubio, who spoke to reporters after talks with his counterparts from the G7 industrialised democracies, said President Donald Trump will decide US policies as he sees fit, regardless of his Republican Party's wipeout in the midterms.
Trump says likely to meet Putin, Xi in China
US President Donald Trump is expected to meet with Chinese leader Xi Jinping and Russian President Vladimir Putin. The meetings will occur during the Asia-Pacific summit in Shenzhen, China, on November 18-19. Discussion topics will include denuclearisation and efforts to end the ongoing war in Iran.
Trump says renewed attacks on Iran 'highly unlikely' if talks show progress
US President Donald Trump has said renewed military action against Iran is highly unlikely if Tehran agrees to a strong nuclear deal and the reopening of the Strait of Hormuz. He also claimed Washington had identified 38 Iranian bridges for potential destruction, while Iranian officials rejected the prospect of changing Tehran's position.
'Both sides working towards a deal': Qatar says PM remarks on US-Iran talks "distorted" online
Qatar said that PM Sheikh Mohammed bin Abdulrahman bin Jassim Al Thani's remarks were "distorted" online, as several "fake accounts" claimed that the United States and Iran had failed to reach an agreement.
Vance leads behind-the-scenes push for a new Iran deal: Report
US Vice President JD Vance has been actively working to establish a new ceasefire with Iran. He is engaging with Qatari and Pakistani mediators to facilitate nuclear negotiations. Although military tensions continue, Vance's efforts aim at a diplomatic resolution. Discussions have reportedly gained positive momentum following Vance's outreach to Iranian officials. The Trump administration remains committed to pursuing a diplomatic solution despite ongoing military actions.
US offers $20 mn reward for info on 'Iran's nuclear program': CENTCOM
Washington has announced a reward of up to $20 million for information regarding Iran's nuclear program and associated personnel. President Trump emphasized that Iran's military strength has been significantly weakened during the ongoing conflict. Additionally, he stated that Iran is now eager to negotiate a peace deal to end hostilities. Diplomatic efforts to prevent further fighting are being pursued by mediators.
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