Taiwan Rejects Trump Warning on Independence

  Hours after US President Donald Trump cautioned Taiwan against declaring formal independence, the island’s government pushed back firmly, insisting it already is one. Taiwan’s foreign ministry issued a direct statement on Saturday declaring that Taiwan “is a sovereign and independent democratic nation, and is not subordinate to the People’s Republic of China.” The statement…

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Crude Surges as Hormuz Peace Deal Falters

Bonny Light Hits $78 as U.S.-Iran Tensions Set Global Oil Markets Ablaze

Global energy markets witnessed a dramatic convulsion yesterday as crude oil prices surged to new heights. Nigeria’s premium grade, Bonny Light, soared to $78 per barrel following intensified rhetoric from Washington. This price level represents the highest peak for the national crude grade since last August. Concurrently, the international benchmark, Brent crude, rallied by nearly…

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