Connect with us

International News

Oil Prices Fall Back As ‘Hopeful’ Tehran Responds To Trump

Published

on

Spread the love

 

Shares dipped, and oil prices dropped back on Tuesday as Tehran gave an encouraging response during talks with US officials in Geneva on Iran’s nuclear programme, after days of escalating rhetoric from President Donald Trump.

 

Oil prices had earlier risen after Trump ramped up threats towards Iran, a large crude producer, but Iranian Foreign Minister Abbas Araghchi said “a new window of opportunity has opened”.

“We are hopeful that negotiation will lead to a sustainable and negotiated solution,” he said, though he said “Iran remains fully prepared to defend itself against any threat or act of aggression”.

Trump
US President Donald Trump [Photo: ANDREW CABALLERO-REYNOLDS / AFP]

 

West Texas Intermediate was down 0.2 percent at $62.75 per barrel after earlier jumping 1.5 percent, while international benchmark Brent North Sea Crude slipped 1.4 percent to $67.64.

“There’s speculation that Iran could agree to dilute its most highly enriched uranium in exchange for the full lifting of financial sanctions, but it’s not clear if that will be enough to seal a deal between the two parties,” said Aarin Chiekrie, analyst at Hargreaves Lansdown.

Wall Street was off in early trading with the tech-heavy Nasdaq giving up one percent and the Dow sliding around 0.3 percent, and the broader-based S&P 500 was off 0.2 percent.

“Insurance brokers, wealth advisors, real estate services, and logistics were all in the firing line last week, and investors are cautiously watching for what slice of the market could be next on the AI hit list,” Chiekrie added.

European stocks steadied in early afternoon deals after Tokyo closed lower, with Chinese markets again shut for the Lunar New Year.

In foreign exchange, the dollar rose against the British pound as official data showed UK unemployment rising to a five-year high.

Analysts said the reading of 5.2 percent for the final quarter of last year increased the likelihood of the Bank of England cutting its benchmark interest rate next month.

The greenback was also higher versus the euro but fell against the yen.

Europe’s biggest economy Germany, is unlikely to rebound in 2026 as geopolitical uncertainty, high cost,s and weak domestic demand weigh on growth, the country’s Chamber of Industry and Commerce said Tuesday.

Germany returned to weak growth in 2025 after two years of recession.

– Key figures at around 1445 GMT –

New York – Dow: DOWN 0.3 percent at 49,366.16 points

New York – S&P 500: DOWN 0.2 percent at 6,820.63

New York – Nasdaq: DOWN 1.0 percent at 22,486.46.

London – FTSE 100: UP 0.4 percent at 10,517.01

Paris – CAC 40: UP 0.3 percent at 8,343.55

Frankfurt – DAX: UP 0.4 percent at 24,897.35

Tokyo – Nikkei 225: DOWN 0.4 percent at 56,566.49 (close)

Hong Kong – Hang Seng Index: closed for holiday

Shanghai – Composite: closed for holiday

Euro/dollar: DOWN at $1.1820 from $1.1854 on Monday

Pound/dollar: DOWN at $1.3526 from $1.3630

Dollar/yen: DOWN at 153.40 yen from 153.48 yen

Euro/pound: UP at 87.40 pence from 86.98 pence

West Texas Intermediate: DOWN 0.2 percent at $62.75 per barrel

Brent North Sea Crude: DOWN 1.4 percent at $67.64 per barrel.

 

 

 

AFP

International News

Barca Transfermarket Values: Raphinha, 8 Others Drop, 3 Players Rise

Published

on

Spread the love

 

June 5th, Transfermarkt updated. The new market values of Barcelona players. Three players increased and nine decreased, with Raphinha dropping by 10 million to 70 million euros.

 

Increase (Euros)
Joan-Garcia increased by 5 million to 45 million

Eric-Garcia increased by 5 million to 40 million

Gerard-Martin increased by 10 million to 35 million

Decrease (Euros)
Raphinha decreased by 10 million to 70 million

Kounde decreased by 5 million to 60 million

Balde decreased by 5 million to 50 million

De Jong decreased by 10 million to 35 million

Casado decreased by 2 million to 18 million

Christensen decreased by 1 million to 8 million

Cancelo decreased by 1 million to 8 million

Lewandowski decreased by 1 million to 7 million

Szczesny decreased by 100,000 to 800,000

Unchanged (Euros)
Yamal 200 million

Pedri 150 million

Fermin 100 million

Cubarsi 80 million

Olmo 60 million

Ferran Torres 50 million

Rashford 40 million

Gavi 30 million

Bernal 30 million

Araujo 20 million

Bardghji 15 million

Continue Reading

Business

Bitcoin Drops Below $60,000, First Time Since October 2024

Published

on

Spread the love

 

Bitcoin dropped below $60,000 on Friday, its lowest level since October 2024, just before Donald Trump’s election which propelled it to a record high.

 

The currency fell by about 6 percent around 1615 GMT, to $59.7709, before paring its losses slightly.

The election of Trump, a staunch advocate of cryptocurrencies, to the White House in November 2024 for a second term sparked a wave of enthusiasm in the sector, sending the price of bitcoin soaring to nearly $110,000.

 

AFP

Continue Reading

International News

Man City Threaten Legal Action Over Erling Haaland!

Published

on

Spread the love

 

Man City are considering taking legal action after a Real Madrid presedential candidate said he would sign Erling Haaland, if elected.

 

What actually happened?

Real presidential candidate Enrique Riquelme, who faces current president Florentino Perez in Sunday’s vote, claimed on Spanish TV show El Hormiguero on Wednesday night that Haaland had a release clause and wants to move to the Bernabeu. He also held up a Real shirt with ‘Haaland 9’ on the back.

Riquelme, who also promised to sign Haaland’s City team-mate Rodri, said: “If I break my promises regarding either of these players, I’ve signed a guarantee where I’d pay 100 per cent of membership costs for next season.

“Haaland has a release clause, and he wants to come to Madrid.”

What was City’s response?

However, Manchester City have moved quickly to refute those claims, saying in a statement that there is “no chance” Haaland will be leaving the Etihad Stadium any time soon. The Premier League club also said they are considering legal action over the shirt stunt.

A City spokesperson said in a statement: “The stories which have emerged from Spain regarding the future of Erling Haaland are untrue.

“There is no chance of this happening and there is no contractual clause to enable it.

“We are considering legal action for the use of our player image in this context.”

Haaland is under contract at the Etihad until the summer of 2034 and Haaland’s agent Rafaela Pimenta and his father Alfie Haaland laughed off suggestions the 25-year-old could soon be heading to the Spanish capital.

A joint-statement released in the early hours of Thursday morning said: “All very entertaining but not true. We wish all the best for both candidates in the Real Madrid elections.”

What was Perez’s response?

Meanwhile, current Real president Florentino Perez made his own election pledge on Wednesday night, seemingly confirming Jose Mourinho’s return to Real Madrid as manager, if he wins next Sunday’s presidential election.

Perez posted a video on X in which Mourinho features in a Real shirt saying: “Yes”, while the only other words to accompany it say: “Meanwhile, on TV, they just keep talking and talking and talking. So much history to be made.”

The video was posted in response to Riquelme’s TV apperaance promoting his rival bid.

Perez has made no secret of his intention to name Mourinho as head coach should he win the vote and remain for an eighth term in the role, but his social media post appears to have made it official.

Mourinho is widely expected to agree a three-year-deal to return to the Bernabeu Stadium and replace Alvaro Arbeloa, who was appointed in January after Xabi Alonso’s departure.

Benfica have yet to confirm Mourinho’s departure, while speculation has been mounting that Marco Silva is being lined up as his successor after the Portuguese announced he will leave Fulham when his contract expires in June.

Real Madrid’s presidential election on Sunday will be decided by the club’s members. It is the first contested election since 2006 as club members will choose between incumbent Perez, 79, and businessman Riquelme, 37.

Continue Reading

Trending

Copyright © 2026 TheColumn NG