A new report by the Energy Research Unit indicates an increase in Iraqi and Libyan oil exports, while Oman and Qatar's seaborne crude oil exports declined in May 2025.

Li Zhenggang, Chinese Vice Minister of Commerce, confirmed on Wednesday that his country and the United States held in-depth, rational, professional, and candid trade talks.

The World Bank on Tuesday lowered its global economic growth forecast for 2025 by 0.4 percentage points, to 2.3%, noting that escalating trade tensions and increased tariffs represent a "significant obstacle" for nearly all economies, both advanced and emerging.

Gold prices declined on Tuesday, affected by a stronger dollar as market participants awaited details of the second day of US-China trade talks in London.

Oil prices saw a significant increase in Monday afternoon trading, with US crude reaching its highest level in approximately a month and a half, specifically since April 22.

Gold prices largely held steady in Asian markets Monday, following strong gains last week driven by economic uncertainty in the United States and a weakening dollar. This prompted investors to seek safe-haven assets.

The US dollar declined against all major currencies during trading on Monday, as the optimism following the release of a strong US jobs report gave way to caution ahead of the launch of high-level trade talks between the United States and China in London.

Australian Trade Minister Don Farrell announced on Sunday that his country hopes to diversify its trade partnerships with other countries to reduce its dependence on the United States, criticizing what he considered "unjustified" US tariffs.

China's State Administration of Foreign Exchange announced on Saturday evening that the country's foreign exchange reserves reached $3.2853 trillion by the end of May, an increase of $3.6 billion, or 0.11%, compared to the end of April.

The Chinese Ministry of Commerce announced on Saturday that Beijing is willing to expedite the inspection and approval process for rare earth mineral exports to European Union companies and will issue a ruling on its trade investigation into brandy imports from the bloc by July 5.

The People's Bank of China continued to increase its gold reserves for the seventh consecutive month in May, as part of its efforts to diversify its holdings despite ongoing price fluctuations.

Japan announced that it has not yet reached common ground with the United States on tariffs, despite some progress in ongoing talks between the two sides.

The major stock indices on Wall Street closed higher on Friday, supported by a better-than-expected jobs report.

US President Donald Trump has announced that a US government delegation will meet in London on June 9 with a Chinese delegation to resolve trade disputes between the two countries.

The Central Bank of Russia cut its key interest rate on Friday for the first time in nearly three years, amid declining inflation and signs that the economy is suffering from the effects of high borrowing costs.

Tesla shares fell more than 10 percent on Friday after escalating tensions between US President Donald Trump and CEO Elon Musk over the tax cut bill.

The European Union has revoked trade privileges for Ukraine, ending the tariff-free regime granted to the country since 2022.

Gold prices rose during trading on Friday, heading for weekly gains supported by weak US economic indicators, which boosted demand for the yellow metal as a safe haven. This was in addition to the decline in the dollar, which increased gold's appeal to investors.

Oil prices fell on Friday, but are on track for their first weekly gain in three.

German Chancellor Friedrich Merz confirmed on Friday that the tariffs imposed by the United States on German imports threaten the German economy, noting that Berlin is looking for ways to reduce them.