Sticking points for US-Iran talks: ‘Chances of renewed tensions outweigh prospects for a real diplomatic breakthrough’
US President Donald Trump on Thursday threatened Iran to stop the tolling. A day earlier, he told ABC News that he is considering a “joint venture” with Iran to charge fees for crossing the Strait, and wrote on social media that “big money” could be made by the United States “helping with the traffic build-up in the Strait of Hormuz.”
World financial markets jittery as investors are jolted by US job cut reports as recession looms
A report on Friday showing hiring by US employers slowed last month by much more than expected followed weak reports on manufacturing and construction and stoked fears the US economy was finally bending under the pressure of high interest rates. Investors worldwide sold stocks and moved to the safety of bonds, pushing bond yields sharply lower.
