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Federal Reserve's Schmid: Oil prices should fall if the war ends.

2026-05-29

Federal Reserve's Schmid: Oil prices should fall if the war ends.

Other News
2026-05-29

The FAA said on the 28th it will impose temporary flight restriction zones for the 2026 US-Canada-Mexico World Cup, coordinating with DHS and the DOJ. On match days all aircraft, including drones, will be banned within a 3-mile (≈4.8 km) radius of st

The FAA said on the 28th it will impose temporary flight restriction zones for the 2026 US-Canada-Mexico World Cup, coordinating with DHS and the DOJ. On match days all aircraft, including drones, will be banned within a 3-mile (≈4.8 km) radius of stadiums up to 3,000 ft (≈910 m) above ground level unless specially authorized. For fan events the no-fly zone will be a 1-mile (≈1.6 km) radius up to 1,000 ft (≈300 m). Hotels, team bases and training facilities will also face drone restrictions. Violations may carry fines up to $100,000, seizure of equipment and federal criminal charges.
2026-05-29

UN spokesperson Stephane Dujarric said on the 28th the UN is reviewing reports that the US and Iran have reached a 60‑day memorandum of understanding. The UN expressed concern about the latest US‑Iran exchanges, urged both parties to comply with the

UN spokesperson Stephane Dujarric said on the 28th the UN is reviewing reports that the US and Iran have reached a 60‑day memorandum of understanding. The UN expressed concern about the latest US‑Iran exchanges, urged both parties to comply with the ceasefire arrangement, and reiterated a call to restore freedom of navigation through the Strait of Hormuz. UN Secretary‑General António Guterres has warned sustained disruption to traffic in the Strait would have serious global economic consequences and called for a toll‑free, open Strait of Hormuz.
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