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Oil prices top 100 dollars after drone strike on Fujairah port

Oil prices climbed above 100 dollars per barrel on Monday as the conflict involving the United States, Israel, and Iran entered its third week, with a drone strike on the port of Fujairah in the United Arab Emirates intensifying concerns about global energy supply disruptions. Brent crude traded near 105 dollars per barrel while West Texas......

Ship traffic in Strait of Hormuz drops to zero amid Iran conflict

Commercial shipping through the Strait of Hormuz has halted completely as the conflict involving Iran enters its third week, marking one of the most severe disruptions to global energy supply chains in decades. Maritime analytics firm Windward reported that vessel traffic through the strategic waterway fell to zero on March 14 and 15. These......

One battle after another wins best picture at 98th Academy Awards

Paul Thomas Anderson’s political thriller One Battle After Another won the Academy Award for best picture at the 98th Oscars, completing a dominant awards season for the adaptation of a novel by Thomas Pynchon. The film secured six Oscars overall, including best director and best adapted screenplay for Anderson. The victories marked......

Salesforce launches record 25 billion dollar share buyback

Salesforce announced the largest accelerated share repurchase ever executed by a company, committing 25 billion dollars to buy back its own stock as part of a broader 50 billion dollar repurchase program approved earlier this year. The company said it paid the 25 billion dollars to a consortium of major banks and received an initial delivery......

Oil prices exceed 100 dollars as Strait of Hormuz crisis deepens

Oil prices climbed above 100 dollars per barrel at the start of the week as the conflict involving the United States, Israel, and Iran entered its third week, raising concerns about prolonged disruption to global energy supplies. West Texas Intermediate, the main United States benchmark, rose to around 100 dollars per barrel, while Brent......

Iran strikes Gulf states as Strait of Hormuz crisis deepens

Iran has expanded missile and drone attacks across Gulf states as the conflict involving the United States and Israel enters its third week, disrupting global oil supplies and pushing crude prices above 100 dollars per barrel. The escalation has effectively paralyzed the Strait of Hormuz, a narrow maritime corridor through which roughly 20......

Encyclopedia Britannica sues OpenAI over AI training practices

Encyclopaedia Britannica, Inc., along with its subsidiary Merriam-Webster, has filed a federal lawsuit in Manhattan against OpenAI LLC, alleging that the AI company improperly used its online reference materials to train ChatGPT. The complaint claims that OpenAI, backed by Microsoft, incorporated nearly 100,000 articles, encyclopedia entries,......

UN climate chief warns fossil fuel dependence threatens Europe’s security

The head of the United Nations climate body warned that Europe’s reliance on imported fossil fuels undermines the continent’s security and economic stability, urging policymakers to accelerate the shift toward renewable energy. Simon Stiell, executive secretary of the United Nations Framework Convention on Climate Change, delivered......

US Treasury Secretary Bessent calls talks with China in Paris constructive

US Treasury Secretary Scott Bessent described the recent economic and trade discussions with Chinese representatives in Paris as “constructive,” highlighting the stability of the bilateral relationship. Speaking to reporters after two days of meetings, Bessent emphasized that the talks demonstrated a willingness on both sides......

JPMorgan warns oil above $90 could trigger S&P 500 correction

JPMorgan Chase Private Bank has warned clients that sustained oil prices above 90 dollars per barrel could trigger a correction of 10 to 15 percent in the S&P 500, as the ongoing conflict between the United States and Iran continues to disrupt global energy markets. In a note written by executive director Kriti Gupta and chief market......

Asian markets fall as oil holds above $100 amid Iran war

Asian financial markets opened lower Monday as investors prepared for another volatile week, with oil prices remaining above 100 dollars per barrel and no clear end to the conflict between the United States and Iran that has effectively disrupted shipping through the Strait of Hormuz. Futures tied to United States equities also signaled a......

Coinbase signals bitcoin may have passed peak pessimism in market sentiment

Bitcoin may be moving beyond the worst phase of negative sentiment after a key indicator tied to United States investors returned to positive territory, according to analysis from Coinbase Institutional. The Coinbase Bitcoin Premium Index, which measures the price difference between Bitcoin on Coinbase and the broader global market, recently......

Allies press Trump for war strategy as Iran conflict enters third week

As the United States and Israel war against Iran enters its third week, President Donald Trump faces mounting pressure from allies and some advisers to clarify the objectives and potential endgame of the conflict. Despite repeated declarations of victory from Washington, Iranian forces continue to launch missiles and drones across the Middle......

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