Article by EDITORIAL TEAM

Key Points: Italy might extend its fuel tax cuts beyond May 1 to help families and businesses cope with soaring energy prices. The government set aside almost 1 billion euros to give tax breaks to employers who hire new staff. Prime Minister Giorgia Meloni wants the European Union to allow member states to use defense budget loopholes to cover energy costs. Italy has already spent...

Key Points: Gold and silver futures dropped significantly on Tuesday, losing roughly 2% and 2.5% of their respective market value. Investors dumped precious metals after realizing the Federal Reserve plans to keep interest rates elevated for longer. Global oil prices, hovering near $104 per barrel, continue to drive up inflation, forcing policymakers to pause any planned rate cuts. The ongoing war and diplomatic standoff between...

Key Points: Energy prices will jump 24% this year due to the ongoing war in the Middle East. Brent crude oil could average $115 a barrel if critical infrastructure suffers more damage. Fertilizer prices will spike 31%, threatening food supplies and placing 45 million people at risk of hunger. Developing economies face massive economic hits, with growth slowing to 3.6% and inflation rising to 5.1%....

Key Points: The United Arab Emirates will officially leave the OPEC and OPEC+ oil cartels on May 1. Abu Dhabi leaders moved to increase domestic energy production to serve their national interests. Global oil markets currently face a 13.7 million-barrel-per-day shortfall due to the ongoing war in Iran. International oil prices jumped past $112 a barrel as the Strait of Hormuz remains closed to shipping....

Key Points: Critical Metals agreed to purchase European Lithium for $835 million in an all-stock transaction. The acquisition gives the US company full ownership of the massive Tanbreez rare-earth deposit in Greenland. Shares of European Lithium skyrocketed 58% in Sydney, while Critical Metals jumped 25% in New York. The deal adds $219 million in cash to the balance sheet and simplifies a complicated corporate ownership...

Key Points: Brent crude stayed near $108 a barrel after jumping 2.8% as traders watched the latest peace negotiations. The United States and Iran maintain a strict naval blockade in the Strait of Hormuz, dropping ship traffic to almost zero. President Donald Trump demands that Iran stop enriching uranium and agree never to build a nuclear weapon. Iran has run out of storage for its...