EUR/USD
1.11966
-0.027%
Gold
4185.89
-0.223%
Oil
91.668
0.890%
USD/JPY
158.298
0.016%
GBP/USD
1.32315
-0.066%
GBP/JPY
209.458
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Real-time News
On October 12, Politico reported that a group of bipartisan senators called on President Trump to "immediately change course" and rescind his decision to allow the import of Russian diesel fuel. They accused the administration of violating federal law and providing Moscow with an economic lifeline at a time when Russia is waging military action against Ukraine. In a statement released Sunday, the senators pointed out that Congress had passed a ban in 2022 prohibiting the import of Russian energy; and that "President Trumps decision to allow the import of Russian diesel fuel into the United States directly violates that law." The statement also said, "The administration has also failed to consult Congress or provide any explanation for its decision as required by law." The critics include four Republicans—Susan Collins, Lisa Murkowski, Tom Tillis, and John Curtis—and Democratic senators—Jenny Shaheen, Richard Blumenthal, and Ron Wyden. Shaheen is the highest-ranking Democratic member of the Senate Foreign Relations Committee.Former US Vice President Harris: The culprit behind soaring diesel and gasoline prices in the US is Trump and his war against Iran. His latest tactic—selling fuel solutions to his ally Putin—demonstrates weakness; it funds Russian military operations but does nothing to ease the burden on American families.October 12th - According to CMEs "FedWatch": The probability of the Federal Reserve keeping interest rates unchanged by October is 81.7%, and the probability of a cumulative rate hike of 25 basis points is 18.3%. The probability of the Federal Reserve keeping interest rates unchanged by December is 15.8%, the probability of a cumulative rate hike of 25 basis points is 69.5%, and the probability of a cumulative rate hike of 50 basis points is 14.7%.The notice indicates that the Federal Aviation Administration (FAA) is urging U.S. airlines to exercise caution when flying to or over Saudi Arabia.On October 12th, local time, the UK Maritime Trade Operations Office (UKMTO) issued a notification stating that an oil tanker was attacked by a drone near its anchorage in Sohar, Oman, on October 11th. The notification stated that the UKMTO initially received a report of a security incident involving an oil tanker. It was subsequently confirmed that the tanker was attacked by a drone, and the UKMTO has officially classified the incident as an "attack incident." Local authorities are currently assisting with the evacuation of the crew. The extent of the damage to the tanker and the potential environmental impact of the incident are still unclear, and the incident is still under investigation.
