IRGC Warns Against Ships Entering Strait Of Hormuz As Rubio Tells Iran 'Hardest Hits Yet To Come'

Japan Crude Imports Fall 66% To Record Low By Tsvetana Paraskova of OilPrice.com Amid the supply disruption in the Middle East, Japan’s crude oil imports crashed by 66% in April from the same month last year, dropping to an all time low, official Japanese data showed on Friday. Japan imported 4.07 million kilolitres, or about 850,000 barrels per day (bpd), of crude oil last month, down by 65.7% from the April 2025 levels, the monthly petroleum statistics of the Ministry of Economy, Trade and Industry (METI) showed. Crude imports from the Middle East...

Solar Stocks Flash Major Technical Breakout As Tariff Talk Escalates Solar stocks are showing a clear technical shift, breaking above a well-defined downtrend after more than five years of sustained pressure. UBS analyst Catherine Gordon is attributing the surge in solar stocks to falling yields and renewed policy momentum. A potential Section 232 tariff announcement in mid-to-late June is adding fuel to the rally, with First Solar leading the charge. The UBS Solar basket (UBXXSOL) is now up 40% year-to-date. Gordon provided more context on what's powering UBXXSOL higher: Clean tech names are outperforming...

Iran Denies Talks Taking Place As Drone Smashes Into Landmark Baghdad Hotel Hosting EU, Saudi Diplomats Summary: Trump says 'I don't think so' when asked if war will be wrapped up soon, notes 'not this week'. Iconic Baghdad hotel and home to EU, Saudi missions struck by drone, fire ensues. Trump is regularly presented with options to end the war in Iran: NBC. Iran has rejected prior reports of diplomatic contacts with the US, calling them "false": state media Iran FM Araghchi and US envoy Witkoff have been in contact via text messages in recent...