News

Oil Prices Sink as Iran and U.S. Resume Nuclear Talks

The United States and Iran are poised to return to the negotiating table at a moment when tensions between the two are high and trust is low.

The talks were initially planned for July 10 in Oslo, according to RFE/RL’s sources, who now say the meeting has been postponed — likely to next week.

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Oil at the Center as U.S. and Brazil Edge Toward a Trade War

Brazil is preparing to defend its oil export sector as U.S. President Donald Trump threatens to impose a 50% tariff on Brazilian imports starting August 1. The move has escalated tensions between the two countries, with Brazilian President Luiz Inácio Lula da Silva vowing reciprocal action: “If he charges us 50%, we’ll charge him 50%,” Lula told local media outlet Record.

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