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07.05.26 - 17:45
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Saudi Arabia Vs UAE (ZeroHedge)
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Saudi Arabia Vs UAE
By Benjamin Picton, Senior Market Strategist at Rabobank
The Little Red Hen
Markets are bulled-up this morning on prospects for peace in the Iran war. The S&P500 and NASDAQ closed at fresh all-time highs and Brent crude prices closed 7.8% lower at $101.27/bbl. While some analysts are understandably wary of another Axios report touting progress in Middle East relations (and therefore lower oil prices!), markets are clearly not in a mood to look a gift horse in the mouth.
Iranian foreign ministry spokesman Ismail Baghieri told news sources that Iran is reviewing a 14-point American memo that outlines terms for peace. Axios reports that those terms include Iran giving up the nuclear fuel that it has enriched to near-weapons-grade (though, there is no detail on who they would give it up to), an Iranian commitment to never seek a nuclear weapon, moratoriums on Iranian nuclear enrichment, Iranian agreement to enhanced UN-led nuclear inspections, and a framework to gradually resto...
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07.05.26 - 14:18
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Saudi Arabia Sees $10 Billion Lift From Joining Bond Indexes (Bloomberg)
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The head of Saudi Arabia's securities exchange said the inclusion of its domestic bonds in two global indexes could draw billions of dollars of fresh money to the local debt market, boosting the kingdom's efforts to attract overseas capital for its economic overhaul....
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06.05.26 - 07:36
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Saudi Arabia Cuts Oil Prices for June (Bloomberg)
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Saudi Arabia cut the price of its main oil grade for Asia next month from a record-high in May. The premium for next month is the second-highest on record as the war in the Middle East continues to severely disrupt supplies. Bloomberg's Anthony di Paola reports....
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