Ireland AIB Services PMI declined to 49.7 in April from previous 50.7

May 6, 2026

US President Donald Trump: Project Freedom paused amid progress toward Iran agreement

US President Donald Trump said that the US military will temporarily pause "Project Freedom" to restore freedom of navigation for commercial shipping through the Strait of Hormuz, the Guardian reported on Tuesday.

WTI slumps to near $97.50 as Trump pauses Hormuz operation

West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $97.50 during the early Asian trading hours on Wednesday. The WTI price falls amid easing tensions in the Middle East.