Hassan Rouhani

In the early hours of Tuesday, Western diplomats and Iranian officials finally agreed on the terms of a nuclear deal that will cut back on Iran's nuclear development activities in exchange for the removal of sanctions that have been squeezing the nation's economy for years. U.S. President Obama and...

The U.S. and Iran are near to settling a decades old debate over Tehran’s nuclear capabilities despite criticism from U.S. policy makers and Israeli leaders that the deal is too lenient. Though Western diplomats originally called for a 20 year freeze on the country’s nuclear...

With tension in Ukraine weighing heavily on investors’ minds, Brent crude oil approached $110. The commodity traded at $109.77 at 6:32 GMT on Tuesday morning as last week’s Geneva Accord looked likely to fall apart. Rebel groups held their ground in several Ukrainian cities and refused to...

Citigroup lost some of its credibility this week after the Federal Reserve did not approve the bank's capital plans during annual stress tests. The tests are designed to asses a bank's ability to continue lending if there was a severe economic downturn; and Citigroup was one of five banks...

Brent crude oil settled below $108 on Friday morning after slipping on Thursday due to worse than expected Chinese PMI data. The commodity traded at $107.56 at 7:30 GMT as investors looked to Switzerland for details about the ongoing peace talks about Syria. Data from China showed that the nation...

Markets across the world improved after Janet Yellen was approved as the new Federal Reserve Chairwoman on Thursday. Yellen’s appointment allowed investors to release a collective sigh of relief as she dovishly defended the Fed’s easy money policies.  The prospect of extended US monetary...

Brent crude oil slipped on Wednesday morning as concern about supply interruptions eased following reports that Libya could ramp up its crude exports. The commodity traded at $108.93 at 7:36 GMT on Wednesday morning. Reuters reported that Libya's Prime Minister claimed that oil exports would...

Brent crude oil slipped on Thursday night after data from the American Petroleum Institute showed that US crude inventories in Crushing, Oklahoma rose for the first time since July. The news put pressure on the commodity and added to negative market sentiment stemming from the US budget battle....

Hopes that the US government's budget impasse was nearing an end helped boost oil prices in the early hours of Tuesday. Investors were buying contracts and covering short positions in the hopes that Democrats and Republicans in Washington would end their two week stalemate. Brent crude oil traded...

US Senators struck an optimistic tone following talks on Monday, leading many to believe that a deal to reopen the government and avoid default was right around the corner. Senate Majority Leader Harry Reid hinted at the possibility of a deal on Tuesday saying, “We hope that with good...

Brent crude oil lost ground on Tuesday after the US government began its first shutdown in 17 years. Failure of Democrats and Republicans to agree on an emergency spending bill left the government without funding and caused many to worry about the number one oil consumer's crude appetite. The...

Brent crude oil slipped to $107.61 at 7:15 GMT on Monday morning as easing geopolitical tension and increasing supply pressured prices. Many are optimistic about the future of US and Iranian relations as the two have made more progress in the last few days than has been made more than a decade...

US indices slipped in the early hours of Monday as no movement on the emergency spending bill prompted investors to brace for a government shutdown. With the midnight deadline fast approaching, a lack of progress between Democrats and Republicans has most expecting to see the Federal government...

Brent crude oil was poised to end the week below $109 as easing geopolitical tension kicked some of the support out from under the commodity. Brent was trading at $109.04 at 7:00 GMT on Friday morning. A resolution to the problems in Syria came into view after the US and Russia agreed on the terms...

US markets were lifted by positive jobs data which added to the case for a Federal Reserve taper in the coming month. Initial jobless claims fell by 5,000, which beat expectations and marginally boosted US shares. However, global shares will likely be depressed in the coming weeks as rocky US...