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The biggest oil producer in the United Arab Emirates spent $1.3 billion to expand its tanker fleet to benefit from surging crude exports after the country left OPEC and pushed more of its oil through the contested Strait of Hormuz.
We haven't written up this one. Bloomberg has the full story — the link below goes straight to it.
President Donald Trump said U.S. supplies of some types of munitions have grown tighter after several months of war with Iran.
Manchester City will reportedly reject the first offer from FC Barcelona for its midfielder Rodri according to sources in Catalonia.
Fahad Kamal, CIO at Coutts, discusses maintaining an overweight position on risk assets driven by a positive macroeconomic environment, supportive labor market data and AI investment.
Oil prices continued to climb amid mounting concerns surrounding the opening of the Strait of Hormuz, Reuters reported on August 7.
Japan’s four largest life insurers reported that their combined unrealized losses on domestic bonds increased 7% in the three months through June, showing the risks to the industry from soaring…
Before the coordinated intervention, most analysts were looking to December for the next move higher.