How did Japan’s popular Liberal Democratic Party crash out in Sunday’s election? A look back at its successes and scandals
Israel spared oil and nuclear facilities in its air strikes on Iranian military targets Saturday, easing investor concerns about the extent of Israel’s retaliation to Tehran’s October 1 missile barrage. Brent North Sea crude, the international benchmark oil contract, fell more than six per cent yesterday with prices hovering above $71 per barrel.
Concerns in the oil market have now shifted back to focus on potential oversupply in 2025 and a slowdown in demand from China, the world’s largest oil importer, according to analysts. Together, the reports should provide clues on the Fed’s interest rate policy for the rest of the year.