Eighty million barrels of strategic oil are flowing from Japan’s national reserves to domestic refiners in the country’s largest-ever emergency energy action. Prime Minister Sanae Takaichi announced the drawdown — …
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Business
Treasury Secretary Bessent Explores All Available Oil Options Including Iranian Crude Waiver
by admin477351Treasury Secretary Scott Bessent confirmed Thursday that the administration is exploring all available oil supply options, including a temporary waiver on Iranian crude oil stranded on tankers, as it works …
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Bank of England Holds Rate at 3.75% as Iran War Puts UK Monetary Policy on Global Map
by admin477351The Iran war has put UK monetary policy on the global map in a way that goes beyond domestic concerns, with the Bank of England voting unanimously to hold rates …
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US Oil Prices Driven Higher by Iran War as Consumers Feel the Financial Squeeze
by admin477351American consumers are feeling an increasing financial squeeze as the Iran war drives US oil prices higher heading into its third week. Analyst Patrick De Haan forecasts that Monday’s average …
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Business
What $10 Billion Buys You in Washington: A Look at TikTok’s Extraordinary Deal Terms
by admin477351In the evolving calculus of Washington-corporate relations, $10 billion appears to buy the approval — and active support — of the Trump administration for a major technology acquisition. That is …
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Business
What $10 Billion Buys You in Washington: A Look at TikTok’s Extraordinary Deal Terms
by admin477351In the evolving calculus of Washington-corporate relations, $10 billion appears to buy the approval — and active support — of the Trump administration for a major technology acquisition. That is …
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American crude markets felt the full force of the Middle East crisis Thursday as West Texas Intermediate climbed 8.6% to $94.75 a barrel, approaching the psychologically important $100 level. The …
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SpaceX is reportedly making preparations for a historic initial public offering on the Nasdaq, seeking a valuation that would redefine the upper reaches of the U.S. stock market. At $1.75 …
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Global crude benchmarks saw a significant reversal on Tuesday as Donald Trump projected a swift conclusion to the US-Israel military campaign against Iran. Brent crude, which had previously surged to …
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Iran’s warning that global oil could hit $200 per barrel sent immediate shockwaves through energy markets, pushing crude prices above $100 as traders tried to assess the credibility of the …