Oil costs shed 2% as Iran-Israel ceasefire eases considerations over provide, Strait of Hormuz closure

Oil costs shed 2% as Iran-Israel ceasefire eases considerations over provide, Strait of Hormuz closure

Brent crude prices pared gains from the previous session and fell nearly $2 on Friday after the White House delayed a decision on U.S. involvement in the Israel-Iran conflict, but they were still poised for a third straight week in the black. Ilan Rosenberg | Reuters Oil futures fell sharply on Tuesday as a freshly … Read more

Oil costs leap after U.S. strikes on Iran increase fears of provide disruption

Oil costs leap after U.S. strikes on Iran increase fears of provide disruption

People watch from a bridge as flames from an Israeli attack rise from Sharan Oil depot, following Israeli strikes on Iran, in Tehran, Iran, June 15, 2025. Majid Asgaripour | Via Reuters Oil futures jumped more than 2% at the start of the first trading session since the U.S. launched direct attacks against Iran, casting … Read more

U.S. personal capital large Apollo to produce £4.5 billion mortgage to UK nuclear venture

U.S. personal capital large Apollo to produce £4.5 billion mortgage to UK nuclear venture

Cranes surround one of the two reactors being constructed at Hinkley Point C on September 27, 2024 in Bridgwater, England. Anna Barclay | Getty Images News | Getty Images U.S. asset management giant Apollo is set to provide a £4.5 billion ($6 billion) loan to plug a shortfall facing U.K. nuclear project Hinkley Point. The deal was first reported … Read more

China’s racing to beat U.S. chip curbs. How its provide chain stacks up

China’s racing to beat U.S. chip curbs. How its provide chain stacks up

“Compared to Nvidia’s export-restricted chips, the performance gap between Huawei and the H20 is less than a full generation,” said Dylan Patel, founder, CEO and chief analyst of SemiAnalysis. Sinology | Moment | Getty Images With the U.S. restricting China from buying advanced semiconductors used in artificial intelligence development, Beijing is placing hopes on domestic … Read more

Commerce, provide chain injury will stay

Commerce, provide chain injury will stay

Chinese President Xi Jinping meets with U.S. President Donald Trump in Osaka, Japan, June 29, 2019. Xinhua News Agency | Xinhua News Agency | Getty Images President Donald Trump declared the trade war with China “done” Wednesday, while Commerce Secretary Howard Lutnick said tariffs on Chinese goods will be locked in at the current 55% … Read more

Trump says China will provide uncommon earths in ‘accomplished’ deal

Trump says China will provide uncommon earths in ‘accomplished’ deal

U.S. President Donald Trump takes questions from the media at the White House in Washington, D.C., U.S., May 7, 2025. Leah Millis | Reuters U.S. President Donald Trump Wednesday said that China will supply rare earths upfront to the U.S. as part of a trade agreement. The relationship between the world’s two largest economies is … Read more