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Exxon Warns Of $6.5 Billion Hit From Iran War As Q1 Earnings Set To Print Slightly Below Consensus
Exxon Warns Of $6.5 Billion Hit From Iran War As Q1 Earnings Set To Print Slightly Below Consensus
In an early clue how the Iran war will impact energy earnings, ExxonMobil warned of a $6.5bn hit to Q1 earnings from the Iran war but said the bulk of this was the result of unfavorable timing for its accounting of hedging contracts, which would be offset as underlying transactions were eventually completed. The US supermajor also said that global oil and gas production would be 6% lower in the first three months...
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Mar 23, 2026 / Tyler Durden
White House Reaches Tentative Crypto Regulatory Agreement: Report
White House Reaches Tentative Crypto Regulatory Agreement: Report
Authored by Micah Zimmerman via BitcoinMagazine.com,
Key senators and the White House have reached a tentative agreement on cryptocurrency legislation aimed at resolving a dispute between banks and digital asset firms over stablecoin yields, according to Politico reporting.
The move could clear the way for a landmark crypto regulatory bill stalled in the Senate Banking Committee since January.
Sen. Thom Tillis (R-N.C.) and Sen. Angela Alsobrooks (D-Md.) said Friday they have an “agreement in principle” on language intended to balance innovation with financial stability.
The legislation...
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Apr 13, 2026 / George Ford Smith
State Wars Bleed a Nation to Death
President Trump’s current war with Iran not only is creating economic havoc around the world, but it is also bleeding US taxpayers. There are no good outcomes here.
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May 7, 2026 / Tyler Durden
Dana White Says Society Is Failing Young Men, And The Backlash Proves His Point
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