Author name: Siim

Oil drilling rigs Oil prices closed lower on Friday as negotiations between European countries and Iran started, while new US sanctions on Tehran raised the likelihood of a diplomatic settlement with Washington over its nuclear program. Brent crude futures for August delivery fell by 2.33%, or $1.84, to $77.01 a barrel. Despite the daily loss,

The US Federal Reserve began its fourth meeting this year on June 17, having kept interest rates unchanged in its January, March, and May meetings despite mounting pressure from President Donald Trump to lower borrowing costs. But will the central bank finally respond to his repeated calls amid rising trade and military tensions? A Pause…