Economy Fact-Checks — Is It True?

Did Morgan Stanley say stocks are in final phase of correction?

Morgan Stanley stated the US stock market correction is largely done or nearing its end, with interest rates as the final hurdle before higher prices.…

Will Spain announce assumption of oil trade with Iran in Chinese yuan?

No evidence exists that Spain has announced or will announce oil trade with Iran in Chinese yuan. Search results show Iran negotiating yuan-based oil passage th…

Has Saudi Arabia restored full East-West pipeline capacity to 7 million barrels per day?

As of April 9, 2026, Saudi Arabia's East-West pipeline had not been restored to full capacity. Recent attacks reduced throughput by approximately 700,000 barrel…

Did Spain announce resumption of crude oil imports from Iran?

No evidence exists of Spain announcing the resumption of crude oil imports from Iran. Recent data shows Spain imported no Iranian oil in 2024, with total trade …

Is Saudi Arabia approving Chinese yuan for oil settlement to Europe, East Asia, Africa and South America?

Saudi Arabia has been in discussions with China about yuan-denominated oil trade since at least 2016, with active talks reported in March 2022, but no formal ap…

Did Saudi Arabia restore its East-West pipeline to pump 7 million barrels per day?

Saudi Arabia's East-West pipeline has reached its full operating capacity of 7 million barrels per day, bypassing the Strait of Hormuz following its effective c…

Did Milei slash Argentina's debts by $54B?

Argentina's public debt under President Javier Milei has not been reduced by $54 billion; Milei inherited debt exceeding 60% of GDP and his government added $42…

Did Marco Rubio say sanctions won't be needed in five years due to non-dollar transactions?

The post claims Marco Rubio stated 'We won't have to talk about sanctions in five years because there will be so many countries transacting in currencies other …