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Philippines Declares State Of Emergency As Energy Crisis Looms
Philippines Declares State Of Emergency As Energy Crisis Looms
As we outlined in our recent analysis on Australia's dangerous vulnerability to disruptions in the Strait of Hormuz, most of Asia is heavily exposed and faces an unprecedented energy crisis should the war in Iran continue to prevent safe passage of oil and natural gas from the Gulf. As Australia debates the potential for a national emergency, the Philippines has already declared one.
This week, Philippine President Ferdinand Marcos Jr. signed Executive Order No. 110, declaring a state of national emergency as...
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May 19, 2026 / Tyler Durden
Iran's Floating Oil Stockpile Jumps 65% As U.S. Naval Blockade Bites
Iran's Floating Oil Stockpile Jumps 65% As U.S. Naval Blockade Bites
By Charles Kennedy of OilPrice.com
The volumes of Iranian oil stored at tankers in and around the Strait of Hormuz have jumped in recent weeks as Iran considers ways to circumvent the U.S. blockade in the Gulf of Oman aimed at choking Iranian oil exports.
The number of tankers laden with crude but sitting in the Persian Gulf and near the Strait of Hormuz has jumped since the U.S. initiated in the middle of April a naval blockade to prevent Iranian...
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Apr 29, 2026 / Tyler Durden
MSFT Dumps As CapEx Disappoints, Despite Top- & Bottom-Line Beat
MSFT Dumps As CapEx Disappoints, Despite Top- & Bottom-Line Beat
Heading into the "biggest earnings day ever", MSFT was near the bottom of the Mag7 group, down 22% from its 52-week high, with capacity constraints hampering growth and CapEx concerns weighing down the stock.
Microsoft has guided to roughly $80 billion in AI data center spending this fiscal year, and the Street wants to know if that money is actually getting deployed.
The headline results were solid and prompted initial gains in MSFT after hours as it beat top- and bottom-line:
*MICROSOFT 3Q...
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Mar 13, 2026 / Tyler Durden
In Scramble To Open Up Hormuz, France & Italy Open Talks With Iran After India's Request
In Scramble To Open Up Hormuz, France & Italy Open Talks With Iran After India's Request
Amid very confused and mixed messaging coming from Washington over the status and future fate of Hormuz oil transit, the EU is trying its hand at a solution.
France and Italy have opened 'tentative' talks with Iran seeking to negotiate a deal to guarantee safe passage for their tankers through vital strait which remains a crucial chokepoint for stalled global crude transit, the Financial Times reports Friday, citing people briefed on the efforts.
This comes as...
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