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Added on the 02/03/2022 04:07:15 - Copyright : AFPTV - First images
US equities soared on Tuesday on the heels of President-elect Joe Biden's victory. The General Services Administration confirmed it would provide the "resources and services" needed to start Biden's transition. According to Business Insider, it's a clear sign that the Trump campaign has accepted its loss in the 2020 race. The typically seamless process has been mired down by President Donald Trump's legal challenges to the election's outcome. The Dow Jones industrial average surged above 30,000 for the first time, ever marking a rapid comeback after sinking in March.
US President Donald Trump says that the US is adding 75 million barrels of oil to its national reserve. Oil prices crashed into negative territory on Monday after coronavirus lockdowns around the globe shrivelled demand. SOUNDBITE
The United States demands that Iran immediately release a ship seized off Oman's coast in avowed retaliation for US actions. "The Iranian government must immediately release the ship and its crew. This unlawful seizure of a commercial vessel is just the latest behavior by Iran or enabled by Iran aimed at disrupting international commerce," State Department spokesman Vedant Patel tells reporters. SOUNDBITE
The United States calls for Iran to free a Panama-flagged oil tanker seized in the Strait of Hormuz, the second vessel Tehran's forces have taken control of in a week. "Iran's harassment of vessels and interference with navigational rights in regional and international waters are contrary to international law and disruptive to regional stability and security," says State Department spokesperson Vedant Patel during a press briefing. SOUNDBITE
President of the European Commission Ursula von der Leyen says Russia is losing "around 160 million euros a day" from oil price cap. SOUNDBITE
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