Author: Daniel snow

Wall Street’s positive reaction to Saturday’s U.S. bombings in Iran suggests the oil-rich Mideast state is “not as relevant” to the stock market as it used to be, CNBC’s Jim Cramer said Monday. Indeed, U.S. oil benchmark West Texas Intermediate and global standard Brent were modestly lower early Monday, and the S & P 500 pushed higher. Both crude contracts came off their multi-month highs seen overnight following several sessions of volatile trading since Israel first attacked Iran’s nuclear facilities on June 13. On Monday afternoon, both WTI and Brent moved further to the downside — off more than 5% around…

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Iran on Monday launched what its armed forces called a “powerful and destructive missile strike on the United States’ Al-Udeid military base in Qatar.”Explosions were heard in the skies over Doha, the capital of Qatar.Qatar’s Defense Ministry said its air defense had successfully intercepted the missile attack on Al-Udeid Air Base, which resulted in no deaths or injuries.The attack came two days after U.S. B-2 bombers and cruise missiles struck nuclear development facilities in Iran.The price of crude oil fell in trading on Monday after news of the attack broke.Qatar closed its airspace shortly before the attack was reported.Qatar’s Foreign…

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Russia’s Security Council’s Deputy Chairman Dmitry Medvedev attends a meeting of the Council for Science and Education at the Joint Institute for Nuclear Research in the Moscow region’s city of Dubna, Russia June 13, 2024. Alexei Maishev | Via ReutersPresident Donald Trump on Monday lashed out at former Russian President Dmitry Medvedev for claiming that multiple countries are “ready to directly supply” Iran with nuclear warheads as a result of the U.S. strikes on key Iranian nuclear sites.”Did he really say that or, is it just a figment of my imagination?” Trump said of Medvedev, the deputy chairman of Russia’s…

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