Brent crude tops $106 after Saudi Arabia shuts down critical pipeline that bypasses Strait of Hormuz.

Crude oil prices jumped Monday after Saudi Arabia closed its critical pipeline that bypasses the Strait of Hormuz, a disruption that will constrain global supplies at a time when the market is already tight. U.S. West Texas Intermediate futures traded 2.3% higher to $102.38 …

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Tehran to announce new Hormuz shipping route in coming days.

Iran’s top security official, Mohsen Rezaei, says Tehran will declare a restricted zone near the Strait of Hormuz and announce a new shipping route agreed on with Oman for the waterway “in the coming days”. Iranian Parliament Speaker Mohammad Bagher Ghalibaf warns of a “heav…

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Canada just announced new tariffs on US goods.

On September 8, Canada is set to enact tariffs ranging from 15% to 50% on over 700 American goods in an effort to match US tariffs dollar for dollar, Canadian officials announced on Tuesday. Notably, Canada is doubling its duties on US steel and aluminum to 50%, in line with…

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Ferrari's first ever electric car sold for record $40m at auction.

Ferrari's first ever all-electric car has fetched $40m (£29.5m) in a charity sale, setting a record for a new car sold at auction. The RM Sotheby's auction in California raised more than 35 times the usual price of a Ferrari Luce. The auction house said the "fir…

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IMF sees Canada's fiscal position as strongest in G7.

The International Monetary Fund lauded Canada’s fiscal position relative to its peers as Prime Minister Mark Carney prepares to give an update on his government’s finances. Finance Minister Francois-Philippe Champagne will release a mini-budget outlining the country’s financ…

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Iranian hackers are breaking into U.S. industrial systems, agencies warn.

Iran’s hackers are actively breaking into industrial control systems in the U.S., multiple federal agencies warned Tuesday, in an ongoing attempt to disrupt American infrastructure. Hackers are compromising internet-facing tools made by Rockwell Automation, a Milwaukee-based…

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Ringgit, regional currencies end lower vs US$ as geopolitical tensions persist.

The ringgit and other regional currencies continued to weaken against the US dollar on Monday as investors sought safety in safe-haven assets amid escalating tensions in the US-Israel war. At 6 pm, the local currency fell to 4.0280/0350 against the greenback from last Friday…

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Saudi Aramco cuts oil supply to Asia for second month in April.

Saudi Aramco, the world's top oil exporter, has cut crude supply to ​Asian buyers for a second month ‌in April, two sources with knowledge of the matter said on Monday, after the U.S.-Israeli war with Iran ​disrupted trade via the Strait of ​Hormuz. The producer is suppl…

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Trump says U.S. will build first refinery in 50 years with investment from India’s Reliance Industries.

President Donald Trump announced Tuesday that the U.S. will get its first oil refinery in 50 years, funded by investments from Indian billionaire Mukesh Ambani’s Reliance Industries “THIS IS A HISTORIC $300 BILLION DOLLAR DEAL — THE BIGGEST IN U.S. HISTORY,” Trump said in a …

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Trump’s war is destroying the Global Economy.

Donald Trump’s war against Iran is already turning out to be a military, diplomatic, environmental, and humanitarian disaster. But none of this seems to matter to the president, who has been remarkably complacent and dishonest about the crisis he has caused. Last Sunday, in…

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Crude oil prices spike above $115 a barrel as the Iran war impedes production and shipping.

Oil prices spiked near $120 per barrel before falling back slightly on Monday as the Iran war intensified, threatening production and shipping in the Middle East and pummeling financial markets. The price for a barrel of Brent crude, the international standard, surged to $11…

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Tesla loses world's biggest electric vehicle maker title as sales fall for 2nd year.

Tesla lost its crown as the world’s bestselling electric vehicle maker on Friday as a customer revolt over Elon Musk’s right-wing politics and stiff overseas competition pushed sales down for a second year in a row. Tesla said that it delivered 1.64 million vehicles in 2025,…

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VW stops production at German site for first time.

A red electric ID.3 GTX signed by workers would be the last car made at the plant, Volkswagen Saxony said, making the glass-walled "Transparent Factory" the first domestic site in the company's 88-year history to have production completely shut down. "The …

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Trump announces 30% tariffs against EU, Mexico to begin Aug. 1.

President Donald Trump on Saturday announced he’s levying tariffs of 30% against the European Union and Mexico starting Aug. 1, a move that could cause massive upheaval between the United States and two of its biggest trade partners. Trump detailed the planned tariffs in let…

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Tech Bitcoin briefly sinks below $99,000 as U.S. strikes on Iran trigger crypto market sell-off.

Spot bitcoin ETF inflows froze late last week as institutional investors grew cautious ahead of U.S. President Donald Trump’s Iran response. More than $1 billion in crypto positions were liquidated in 24 hours, most from overleveraged long bets. Bitcoin’s correlation to tec…

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Trump reports more than $600 million in income from crypto, golf, licensing fees.

Donald Trump reported more than $600 million in income from crypto, golf clubs, licensing and other ventures in a public financial disclosure report released on Friday that provided a glimpse of the vast business holdings of America’s billionaire president. The annual financ…

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Crypto World Bitcoin hits new record high near $112,000 as rally marches on.

Bitcoin continued its rally on Thursday, hitting a brand new record high near $112,000. It’s been a slow rally for bitcoin driven by institutional ownership and corporate adoption. Easing trade tensions between the U.S. and China and the Moody’s downgrade of U.S. sovereign de…

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China's BYD outsells Tesla in Europe for first time.

Chinese automaker BYD (002594.SZ), opens new tab sold more electric vehicles in Europe than Tesla (TSLA.O), opens new tab for the first time, according to a report by JATO Dynamics, as an aging model lineup and CEO Elon Musk's politics hurt demand for the U.S. EV maker&…

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The real trump family business is crypto.

Early Monday morning, the leader of the free world had a message to convey. Not about the economic turmoil from tariffs, any one of the skirmishes playing out abroad, or a surprise shake-up in his White House staff. Instead, President Donald Trump turned to Truth Social to …

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Tech Jeff Bezos discloses plan to sell up to $4.8 billion in Amazon stock.

Amazon founder Jeff Bezos plans to sell up to 25 million shares in the company over the next year, according to a financial filing on Friday. Bezos, who stepped down as CEO in 2021 but remains Amazon’s top shareholder, is selling the shares as part of a trading plan adopted …

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