Japan’s government has rolled out domestic demand protections in tandem with the country’s largest-ever strategic oil release. Prime Minister Sanae Takaichi confirmed that about 80 million barrels of state crude …
Business
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Treasury Secretary Bessent Mulls Iranian Oil Waiver as Congress Watches Administration’s Moves
by admin477351As Congress closely watches the administration’s response to the oil market crisis, Treasury Secretary Scott Bessent disclosed Thursday that the US is mulling a temporary waiver on Iranian crude oil …
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Bank of England Holds Rate at 3.75% as Iran War Delivers UK Its Most Unwelcome Surprise
by admin477351The Iran war has delivered the UK economy its most unwelcome economic surprise in years, with the Bank of England voting unanimously to hold rates at 3.75% on Thursday and …
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TikTok’s $10 Billion Government Fee: The Final Word on America’s Most Extraordinary Deal
by admin477351The final word on TikTok’s $10 billion government fee may take years to write — but the outlines of its significance are already clear. Oracle, UAE’s MGX, and Silver …
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Oil has completed a dramatic journey from $60 a barrel at the start of the year to $100 and beyond — hitting $119 at this week’s peak — and …
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SpaceX is on the verge of a historic public offering that could see the company valued at $1.75 trillion. This valuation would rank it among the largest publicly traded companies …
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Global energy markets experienced a massive sigh of relief as crude prices plummeted following optimistic comments from Donald Trump regarding the conflict with Iran. The international benchmark, Brent crude, which …
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The emergence of what critics are calling a new dynasty in Iran — with Mojtaba Khamenei selected as supreme leader following his father’s death — coincided with one of the …
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The Iran conflict and the oil crisis it has triggered may prove to be one of the defining turning points of the decade — a moment at which the fragility …
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When people around the world woke up on Monday morning and reached for their phones to check the news, they found a world that had been transformed overnight. Gas prices …