Japan has announced the largest-ever drawdown from its strategic oil reserves, with Prime Minister Sanae Takaichi confirming a release of about 80 million barrels to domestic refiners. Starting this week, …
Business
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Treasury Secretary Bessent Considers Iranian Oil Lifeline as G7 Petroleum Release Falls Short
by admin477351With the G7’s coordinated petroleum reserve release proving insufficient to fully offset the Hormuz supply crisis, Treasury Secretary Scott Bessent announced Thursday the administration is considering an additional supply measure: …
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Bank of England Holds Rate at 3.75% as Liberal Democrats Challenge Government Over Rising Costs
by admin477351The Liberal Democrats mounted a political challenge to the government following the Bank of England’s decision to hold rates at 3.75% and warn of potential rate hikes driven by the …
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American drivers are under growing financial pressure from US oil prices as the Iran conflict persists into its third week, with pump prices expected to approach $3.85 per gallon Monday. …
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What TikTok’s $10 Billion Fee Tells Us About the Price of Doing Business With Washington
by admin477351The $10 billion fee attached to TikTok’s US ownership transition carries a message that corporate America will find hard to ignore: doing business with the Trump administration may come with …
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Global oil markets shuddered Thursday as Iran unleashed another round of strikes on energy facilities and shipping routes across the Middle East, keeping Brent crude stubbornly near the $100-a-barrel mark. …
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SpaceX is reportedly planning to go public with a target valuation of $1.75 trillion, marking what could be the biggest IPO ever. The company is leaning toward a Nasdaq listing, …
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Donald Trump has issued his most severe warning yet to Tehran, promising a response “twenty times harder” if the flow of oil through the Strait of Hormuz is interrupted. This …
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Oil traders ended the weekend bracing for the possibility of $200 per barrel crude, after Iran’s Revolutionary Guards issued the threat explicitly and the conflict that prompted it showed no …
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The Iran conflict is rapidly sorting the world’s nations into two categories: those who benefit from oil at $91 a barrel and those who suffer. In the winners’ column, at …