Citibank Forecasts Oil Price Trends

Citibank analyzed factors affecting oil prices and provided a forecast for their trend in the current year.

Citibank stated that oil prices may remain supported in the near term amid escalation of pressure from U.S. President Donald Trump to reach peace agreements that include Russia and Iran. However, reaching a deal later in the current year is likely to eventually lead to a decline in prices.

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2026-02-17T07:32:03+00:00

Tycoon Pritzker Steps Down as Hyatt Chairman Over Epstein Ties

American businessman Thomas Pritzker, head of the Hyatt hotel chain, is stepping down after 22 years to protect the company from the fallout of his ties to convicted pedophile Jeffrey Epstein.

Economy Politics Country

2026-02-17T07:10:12+00:00

Winter Storm Causes Spike in Insurance Payouts for Flight Cancellations in US and Canada

A late January winter storm has led to a sharp increase in insurance payouts for flight delays and cancellations in the US and Canada. Specialized companies report a significant rise in passenger claims.

Economy Events Country

2026-02-17T04:15:19+00:00

Global markets drift lower amid data and US-Iran talks

US and Chinese markets were closed Monday, with global stocks falling. Investors await economic data, corporate earnings, and geopolitical developments, notably US-Iran talks in Geneva.

Economy Politics Country

2026-02-17T01:58:30+00:00

Trump's Peace Council: Diplomacy as a Commodity

The creation of the Peace Council under Donald Trump's leadership marks a new era where international diplomacy is transforming into a 'pay-to-play' structure, with access determined by a $1 billion financial contribution rather than sovereignty or representation. Critics argue this approach sets a dangerous precedent, turning peacemaking into a luxury product and undermining the foundations of traditional diplomacy and international law.

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