Japan has initiated its biggest-ever release of strategic oil, with Prime Minister Sanae Takaichi announcing that about 80 million barrels of state-held crude will be distributed to domestic refiners. The …
Business
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Treasury Secretary Bessent Puts Iranian Tanker Oil at Center of US Emergency Supply Plan
by admin477351Iranian oil stranded on tankers has become central to the Trump administration’s emergency energy market strategy, Treasury Secretary Scott Bessent revealed Thursday. Bessent announced the US is weighing a temporary …
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On a day that brought both a central bank decision and troubling jobs data, the Bank of England held rates at 3.75% even as official figures showed UK unemployment had …
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With the Iran war now in its third week, US oil prices are showing no sign of cooling, and another volatile Monday session is expected. Petroleum analyst Patrick De …
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TikTok’s Billion-Dollar Government Tax: What the Deal Really Means for American Business
by admin477351The $10 billion fee attached to TikTok’s ownership restructuring is less a transaction fee in the conventional sense and more, by some accounts, a tax on the privilege of doing …
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The conflict between the United States, Israel, and Iran entered its third week Thursday with no ceasefire in sight and oil prices hovering near $100 a barrel as Iran continued …
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Elon Musk’s SpaceX is reportedly weighing a monumental public listing on the Nasdaq exchange with a target market cap of $1.75 trillion. This would represent the largest IPO in history, …
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Oil prices plummeted on Tuesday after Donald Trump described the war on Iran as “pretty much complete” while simultaneously issuing a severe warning to Tehran. Brent crude fell to approximately …
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The breadth of the Middle East conflict came into sharp focus over the weekend as Saudi Arabia, the UAE, Kuwait, Qatar, and Bahrain all reported Iranian strikes, while global oil …
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The word “historic” is overused in financial commentary, but the week’s events in the oil market have genuinely earned it. A more than 25% weekly surge in Brent crude — …