"We're On Borrowed Time": Vitol LNG Chief Warns Of Coming Food Price Shock

Israeli forces launched attacks across Gaza on Wednesday, killing at least five Palestinians, according to reports from the Strip, as the IDF continues its constant violations of the US-backed ceasefire deal. Medical sources told Reuters that an Israeli airstrike hit a vehicle west of Khan Younis, killing two Palestinians, identified as Osama Abu Khater ​and […]

WTI Holds Losses As Cushing Hits 'Tank Bottoms', US Production At Record Highs Oil prices are testing down to pre-war levels this morning as more tankers cross the Strait of Hormuz and signs of progress in US-Iran peace talks eased fears of an immediate supply crunch. Vessels are transiting Hormuz with their satellite signals switched on, indicating growing confidence among shipowners about safe passage of the chokepoint, through which about a fifth of global oil supplies transited before the war. The International Maritime Organization also said it had received safety guarantees allowing hundreds of...