Iran’s parliament backs blocking Strait of Hormuz

Iran’s parliament backs blocking Strait of Hormuz

Aerial view of a ship at sea. Suriyapong Thongsawang | Moment | Getty Images Iran may be threatening to close the Strait of Hormuz but experts told CNBC that it’s also the one with the most to lose. In major move after U.S. struck Iranian nuclear sites, the country’s parliament on Sunday reportedly approved the … Read more

Starlink rival Eutelsat pops 22% as France backs capital elevate

Starlink rival Eutelsat pops 22% as France backs capital elevate

A ground network of satellites at the headquarters of Eutelsat Madeira Unipessoal Lda in Canial, Madeira, Portugal, on Saturday, March 8, 2025. Bloomberg | Bloomberg | Getty Images Eutelsat shares popped on Friday morning, after the European satellite operator announced a 1.35 billion euro ($1.55 billion) capital raise led by the French state and backed by … Read more