News

U.S. Central Command: Before the U.S. imposed a blockade on Iran, an average of about five ships docked or anchored at Chabahar port every day. Now, as part of the ongoing blockade, the US military is cutting off economic trade in and out of Iran, while more than 20 ships are still stranded in Chabahar port.

British Prime Minister Starmer: AstraZeneca (AZN.O) will invest 300 million pounds in the UK.

American Automobile Association AAA: The average price of gasoline in the United States has reached $4.29/gallon.

Benchmark: Raised its price target on General Motors (GM.N) to $105 from $90.

India’s Finance Ministry reports: India can push for more ambitious trade deals and diversified supply chains.

Market sources say Russia may increase seaborne crude oil exports in May as port capacity recovers and weather improves.

India's Finance Ministry reports: Inflation may turn cost-push as businesses and producers pass on increased input costs to consumers to protect profit margins.

India's Ministry of Finance reports: Changes in global energy market conditions pose significant upward risks to inflation.

Total Energy CEO: Based on all the scenarios I have seen, crude oil prices are expected to be at least $80 per barrel in 2026.

Russian Foreign Minister Lavrov will visit India from May 14th to 15th. (Interfax)

Deutsche Bank: Coca-Cola (KO.N) raised its target price to $88 from $86.

Belarusian President Lukashenko had a telephone conversation with Kazakhstan Tokayev.

The MBA Mortgage Refinancing Activity Index in the United States for the week ending April 24 was 977.9, from the previous value of 1023.1.

The MBA mortgage application activity index in the United States for the week ending April 24 was 298.5, from the previous value of 303.3.

The MBA Mortgage Purchase Index in the United States for the week ending April 24 was 177.7, from the previous value of 175.6.

The U.S. MBA 30-year fixed mortgage rate for the week ending April 24 was 6.37%, compared with the previous value of 6.35%.

European Commission Clean Energy Transition Commissioner Ribela: Some EU countries have expressed concerns about the aviation industry.

A British cabinet minister said the government continues to plan a variety of contingency plans to increase the flexibility of aviation fuel supply and has asked British refineries to maximize supply.

Ukrainian President Zelensky: Ukraine will continue to attack Russian oil (related facilities).

JP Morgan Chase raised its price target for General Motors (GM.N) to $98 from $97.