EXPLAINER
Are prices really dropping in the US, as Trump claims?
Donald Trump boasts on social media that since signing of MoU for peace deal, oil is flowing and prices are dropping.
![In this photo released by the Pakistan Prime Minister Office, Prime Minister Shehbaz Sharif in Islamabad, Pakistan, signs as mediator on a paper which the office said was a copy of the initial deal reached by the United States and Iran to end their war on Thursday, June 18, 2026. [Pakistan Prime Minister Office/AP]](https://aljazeeranews-3fuh52rgrl.edgeone.app/wp-content/uploads/2026/06/image-1781806515.jpg?resize=770%2C513&quality=80)
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From: NewsFeed
Trump eyes US-Iran ‘peace deal’ signing
A US-Iran agreement aimed at ending hostilities and reopening the Strait of Hormuz is set to be signed Friday.
Published On 17 Jun 2026
US Federal Reserve holds rates steady under new chair Warsh
In its projections, the US Fed anticipated that rates will rise a quarter of a percentage point by end of 2026.
From: NewsFeed
Trump: ‘Very strong’ Iran deal is a ‘wall to a nuclear weapon’
US President Donald Trump claimed that the scheduled signing of his Iran “peace deal” in Geneva on Friday would be succe
Published On 17 Jun 2026
From: NewsFeed
Trump calls Modi a ‘killer’ and an ‘angel’
President Donald Trump praised Indian Prime Minister Narendra Modi as a “killer” and an “angel” at the G7 in France.
Published On 17 Jun 2026
Northern Lebanon airport revival brings economic hope for the region
Rene Mouawad Airport to serve Istanbul, Dubai, and Mersin as part of plans to revitalise northern Lebanon’s economy.
EXPLAINER
Strait of Hormuz reopens: But can ships’ safety be assured?
Shipping operators and insurers prefer to wait and watch from a distance for now.
Oil prices continue slide amid hopes for peace, opening of Strait of Hormuz
Brent crude drops to lowest price since early March, before signing of framework deal to end US-Israel war on Iran.
Trump administration seeks to halt air pollution lawsuit against Musk’s xAI
US Department of Justice claims NAACP lawsuit threatens ‘national, economic, and energy security’.
Robinhood slashes workforce by 10 percent amid restructuring
CEO Vlad Tenev said while the firm is in a strong financial position, it has been a ‘heavily-layered organization’.
Japan’s central bank raises interest rates to highest level since 1995
Bank of Japan hikes benchmark rate to 1 percent, continuing shift away from decades of ultra-low borrowing costs.
