top of page
Long-time Chief Executive Officer Ben Silbermann of Pinterest would step down, handing over the reins of the social media platform to Google...

Stock Market

Google executive to take over as a new CEO of Pinterest

Top accounting firm Ernst & Young has been slammed with a record $100 million fine from the US government...

Stock Market

Accounting firm gets 100 million fine for faulty regulations

The Indian rupee slipped into a fresh low today and extended losses against the US dollar.


The rupee tumbled to a new low against the dollar in the midst of an increase in crude oil price

Wall Street saw a sharp fall at its closing in a broad sell-off. Consumers' worries over recession have sparked up...

Stock Market

Wall Street Lose Balance after recession strikes growth fear among consumers’

Soaring inflation may be pushing the US economy into a deep recession. Last week's 0.75% interest rate hike by the Federal Reserve...

Stock Market

Inflation ringing the recession bell - Mohammed Shaheen


8 Feb 2022

Oil Loses 7-Year High Streak before Talks between U.S. and Iran

The Index Today

Oil prices retreated on Tuesday prior to indirect U.S.-Iran political negotiations pertaining to a potential nuclear deal that could withdraw sanctions on Iranian oil sales which can possibly boost global oil supply.

Brent crude dropped by 0.15% to $92.55 per barrel by 0347 GMT. This comes after it hit a seven-year high on Monday at $94. U.S. West Texas Intermediate crude dipped by 1 cent to $91.31 per barrel.

Oil was able to reach seven-year highs recently, bolstered by geopolitical tensions between Russia and Ukraine, inclement weather conditions in the U.S., and by ever-growing demand as world markets recover from their pandemic-induced slump.

The U.S. and Iran are holding implicit talks in Vienna over the 2015 Iran nuclear deal. While the U.S. is reportedly amenable to removing certain sanctions, Iran seeks a complete elimination of the same along with an assurance of zero penalties moving forward.

Clay pottery with table linens
bottom of page