Brent crude futures breached $100 a barrel on Wednesday for the first time since late July after Iran and the U.S. struck tankers in the biggest wave of attacks on shipping since the war began, threatening to worsen the ongoing impairment of…
Brent Crude Oil Prices Rise Above $100/Barrel Read More »
Global trade in goods has strengthened from June despite geopolitical and policy-related uncertainties, the World Trade Organization said on Wednesday, signaling resilience in merchandise flows even as risks remain elevated.The September reading…
WTO: Global Goods Trade Strengthens Despite Uneasy Politics Read More »
The U.S. Third Circuit Court of Appeals reversed a key New Jersey water permit for U.S. energy company Williams Cos’ long-delayed Northeast Supply Enhancement (NESE) natural gas pipeline project in Pennsylvania, New Jersey and New York.The court…
US Court Reverses NJ permit for Williams NESE Natural Gas Pipeline Read More »
A tanker carrying about 2 million barrels of Iraqi fuel oil was struck by a drone in Iraqi territorial waters on Wednesday, port officials said, and British navy-affiliated UKMTO reported that several merchant vessels in the Gulf had been hit…
Iraqi Oil Tanker Hit Amidst US-Iran Attacks Read More »
Iran said on Wednesday it had attacked 10 ships near the Strait of Hormuz after the U.S. sank five Iranian oil tankers, in the biggest declared wave of tit-for-tat attacks on shipping by both sides since the start of the six-month-old war.The attacks s…
US, Iran Strike Oil Tankers in Biggest Attack Wave Since War’s Start Read More »