SpaceX has confidentially filed for an initial public offering with the U.S. Securities and Exchange Commission, according to Bloomberg News, setting the stage for what could become the largest IPO in history. The rocket and satellite company led by Elon Musk is preparing a listing as early as June. The offering could raise up to $75 billion......
The United Kingdom is bracing for its most immediate supply pressure as Europe's aviation fuel reserves hold for now but risk running critically low by May if the Strait of Hormuz remains effectively closed, cutting off roughly 40% of the region's jet fuel imports. The last known kerosene cargo from the Middle East bound for the UK,......
Yemen’s Houthi forces launched their first direct strikes on Israel on Saturday, marking a new phase in the ongoing conflict involving the United States, Israel, and Iran. The escalation has raised concerns that the Red Sea, now a critical alternative route for oil shipments, could become a major flashpoint. Houthi military spokesperson......
Israel and the United States intensified their air campaign against Iran over the weekend, striking power plants, missile production sites, and nuclear facilities across Tehran and surrounding provinces as the conflict entered its second month. Iran retaliated with waves of drones and missiles targeting Israel, Saudi Arabia, Kuwait, and other......
Four weeks into the war between the United States, Israel and Iran, the near-total paralysis of the Strait of Hormuz has blocked one third of global seaborne fertilizer trade, triggering a price surge and prompting the United Nations to warn of a "systemic shock" to global food systems as planting seasons begin across the Northern......
Le dollar américain est en passe de connaître son mois le plus solide depuis juillet 2025, l’indice Bloomberg Dollar Spot ayant progressé d’environ 2,6% en mars. Cette hausse s’inscrit dans un contexte de forte volatilité des marchés, où le conflit au Moyen‑Analyst a bouleversé......
Kuwait International Airport was hit by multiple drones early Saturday morning, causing significant damage to its radar system in the latest attack on the Gulf state's main aviation hub, the country's civil aviation authority said. Abdullah Al-Rajhi, spokesperson for Kuwait's Directorate General of Civil Aviation (DGCA), told......
Iran has likely collected hundreds of millions of dollars in additional oil revenue since the U.S.-Israeli military campaign began on February 28, exploiting its unique position as the only major Persian Gulf producer still able to ship crude through the Strait of Hormuz. The windfall represents a central paradox of the conflict: the war has......
Freight rates for tankers carrying Saudi crude from Yanbu on the Red Sea to Asia collapsed this week. They fell from over $450,000 per day in early March to about $200,000 per day. A growing fleet converged on this Saudi export hub after the Strait of Hormuz closure disrupted global oil logistics. The drop marks a shift one month into chaos......
Oman’s foreign minister Badr al Busaidi has stated that Iran is not responsible for the conflict now entering its fourth week, in a rare public stance that underscores divisions within the Gulf and highlights Muscat’s continued role as a diplomatic intermediary. In a message posted on X, al Busaidi said the war was not initiated......
The global energy market is facing its most severe disruption in decades, with the International Energy Agency warning that the oil crisis triggered by the Iran conflict now surpasses the scale of the shocks seen in the 1970s. Nearly a month after hostilities began on February 28, the closure of the Strait of Hormuz has sharply curtailed......
Saudi Arabia and the United Arab Emirates have launched a new trade route linking Sharjah to Dammam, opening a multimodal corridor designed to keep goods moving as shipping risks rise across the Gulf. The project was announced on March 23 by Saudi Ports Authority, known as Mawani, and comes as commercial navigation through the Strait of Hormuz......
Air France has announced an extension of the suspension of its flights to and from Dubai and Riyadh until March 31, and to and from Tel Aviv and Beirut until April 4. The airline cited security concerns at these destinations and the closure of certain airspaces as the main reasons for the continued suspension. Passengers affected by the......
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