
Gold Prices Steady Ahead of U.S. Federal Reserve Decision - Jordan News
according to Reuters.

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Roya News
8 hours ago
- Roya News
Trump sends Witkoff to Russia ahead of Ukraine war sanctions deadline
US President Donald Trump confirmed Sunday that his special envoy, Steve Witkoff, is set to travel to Russia this week for discussions with Kremlin officials, just days before a sanctions deadline Trump imposed on Moscow over its ongoing war in Ukraine. Witkoff's trip, expected to take place 'Wednesday or Thursday,' comes amid growing tensions between Washington and Moscow, and as Trump escalates pressure for a ceasefire in Ukraine. 'Yeah, get a deal where people stop getting killed,' Trump told reporters when asked what message his envoy would deliver. The president also revealed that two US nuclear submarines had been deployed to an unspecified location 'in the region' following an online exchange with former Russian President Dmitry Medvedev. Trump did not clarify whether the submarines are nuclear-powered or nuclear-armed, and the Pentagon has not released any information about their position. Trump has issued an ultimatum for the Kremlin to take concrete steps toward ending the war by the end of the week or face a new round of sanctions. While he has not detailed what those measures would entail, he previously hinted at possible 'secondary tariffs' that could affect countries still maintaining economic ties with Russia, including China and India. Such tariffs could compound the pressure on Moscow but risk triggering wider global economic disruptions. Despite these warnings, Russian President Vladimir Putin remains firm on his conditions for peace. 'We need a lasting and stable peace on solid foundations that would satisfy both Russia and Ukraine,' he told reporters Friday. However, he added, 'the conditions… certainly remain the same,' reiterating demands that Kyiv relinquish control over four contested regions and abandon its NATO aspirations, terms Ukraine has repeatedly rejected. In parallel developments, the military standoff continued over the weekend. Ukrainian forces launched a drone strike Sunday that caused a fire at an oil depot in Sochi, while Russia's Ministry of Defence claimed on Monday that its air defenses shot down 61 Ukrainian drones overnight. Ukrainian officials reported that one civilian was killed in shelling in the Kherson region. Meanwhile, Ukrainian President Volodymyr Zelensky announced that negotiations with Russia had yielded a possible prisoner exchange agreement, which could bring home 1,200 Ukrainian troops. The deal follows talks between the two sides held in Istanbul last month.

Ammon
9 hours ago
- Ammon
Trump, Canada's Prime Minister to speak in coming days
Ammon News - U.S. President Donald Trump and Canadian Prime Minister Mark Carney will likely talk "over the next number of days" after the U.S. imposed a 35% tariff on goods not covered by the U.S.-Mexico-Canada trade agreement, a Canadian official said on Sunday. Dominic LeBlanc, the federal cabinet minister in charge of U.S.-Canada trade, also told CBS News' "Face the Nation" that he was "encouraged" by recent discussions and believed a deal to bring down tariffs remained an option. "We're encouraged by the conversations with Secretary Lutnick and Ambassador Greer, but we're not yet where we need to go to get the deal that's in the best interest of the two economies," LeBlanc said, referring to U.S. Commerce Secretary Howard Lutnick and U.S. Trade Representative Jamieson Greer. The trade minister said he expected Carney and Trump to speak "over the next number of days." "We think there is an option of striking a deal that will bring down some of these tariffs provide greater certainty to investment," LeBlanc said. Reuters

Ammon
11 hours ago
- Ammon
Oil slips as OPEC+ proceeds with September output hike
Ammon News - Oil prices fell on Monday after OPEC+ agreed to another large production hike in September, adding to supply, but worries about disruptions in Russian oil shipments to major importer India limited losses. Brent crude futures fell 18 cents, or 0.26%, to $69.49 a barrel by 0456 GMT while U.S. West Texas Intermediate crude was at $67.21 a barrel, down 12 cents, or 0.18%, after both contracts closed about $2 a barrel lower on Friday. The Organization of the Petroleum Exporting Countries and their allies, known as OPEC+, agreed on Sunday to raise oil production by 547,000 barrels per day for September, the latest in a series of accelerated output hikes to regain market share. It cited a healthy economy and low stockpiles as reasons behind its decision. The move, in line with market expectations, marks a full and early reversal of OPEC+'s largest tranche of output cuts, plus a separate increase in output for the United Arab Emirates, amounting to about 2.5 million bpd, or about 2.4% of world demand. Analysts at Goldman Sachs expect that the actual increase in supply from the eight OPEC+ countries that have raised output since March will be 1.7 million bpd, because other members of the group have cut output after previously overproducing. Reuters