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Oil records longest losing streak in 5 months on hawkish US Fed policy

Oil records longest losing streak in 5 months on hawkish US Fed policy

Crude oil prices jumped about 1% in the previous session but fell for the week on worries that strong US macroeconomic data would keep interest rates elevated for a longer period, curbing fuel demand. Worries over hawkish US Federal Reserve interest rate policy and surge US crude oil inventories weighed on market sentiment.

Spain to send Patriot missiles, Leopard tanks to Ukraine

Spain mulls to send Patriot missiles and Leopard tanks to Ukraine as part of a €1.13 billion ($1.23 billion) weapon package announced in April, El Pais newspaper reported on Monday, citing unidentified sources close to the operation.

China holds military drills around Taiwan as ’punishment’

China on Thursday launched two days of military drills to surround self-ruled Taiwan in what it said was "strong punishment" for its "separatist acts".

Saudia to buy 105 Airbus planes

Saudi Arabia’s Saudia Group will buy 105 Airbus planes, the company said on Monday, hailing it as the biggest aircraft deal in the aviation history of the country.

Iran’s President, Foreign Minister die in helicopter crash 

All passengers and the crew of Iranian President Ebrahim Raisi’s helicopter died in the crash, head of the Iranian Red Crescent Society Pir Hossein Kolivand has confirmed.