Iran Earning $139 Million A Day From Oil As Hormuz Crisis Locks Out Rivals

B200s Or B-2s? By Bas van Geffen, senior macro strategist of Rabobank Concerns about the Middle East continued to dictate markets yesterday. The Strait of Hormuz remains closed, and there were no signs that this will change soon. Oil prices rose further. Dated Brent jumped 5% on the day to top $111. Alongside the rise in benchmark energy prices, yields increased too. 10y US Treasury yields closed around 5bp higher, and 10y German Bund yields rose 6bp to 3.1%, dragging broader EUR yields up. Equities struggled. European bourses closed around 1.5% lower,...

Combined NextEra-Dominion Would Have 130-GW Large-Load Pipeline By Robert Walton of UtilityDive Summary NextEra Energy plans to acquire Dominion Energy in an all-stock transaction announced Monday, potentially creating the largest regulated electric utility in the world — with 10 million customers in four states — if the deal passes muster with three state and two federal regulatory commissions. The companies have proposed $2.25 billion in bill credits for Dominion customers in Virginia, North Carolina and South Carolina, and they say all customers would see benefits from “enhanced scale in operations, procurement, construction and...

$92 Million In Banned AI Chips Went From Super Micro To Little Known Chinese Tech Company A little-known Chinese tech company saw its stock drop sharply after U.S. authorities charged a co-founder of Super Micro Computer with illegally smuggling advanced AI chips into China, according to Bloomberg.  The case is putting fresh focus on how restricted American technology may still be entering the country. The company, Sharetronic Data Technology, quickly denied any connection to Super Micro and said it complies with all hardware purchasing regulations. However, newly surfaced records tell a more...