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Oil Slides On Reports Of 'Breakthrough' Coming For Stuck Ships In Hormuz, As US Awaits Tehran's Response To Fresh Proposal
Oil Slides On Reports Of 'Breakthrough' Coming For Stuck Ships In Hormuz, As US Awaits Tehran's Response To Fresh Proposal
Summary
Sentiment in early morning trade was lifted after Al Arabiya reported that "the coming hours will witness a breakthrough for the situation of the ships stuck in the strait".
Pakistani sources said Trump has demanded Iran's "immediate response" to Washington's peace proposal.
White House on Wednesday had said it expects a response to the latest offer within 48 hours.
French nuclear-powered carrier steams through Suez Canal in support mission as Europe seeks diplomatic influence...
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Apr 2, 2026 / Tyler Durden
New Warning Sign: 1 In 4 Workers Have Cut 401k Contribution Rate
New Warning Sign: 1 In 4 Workers Have Cut 401k Contribution Rate
Another light on America's economic dashboard is blinking red, as money-pinched workers are cutting their 401k contribution rates. The news follows our earlier report on hardship withdrawals from the cornerstone retirement savings accounts hitting a record high. Critically, these numbers don't reflect what workers are doing right now -- amid war-driven gas price-hikes and worries about the economy.
According to new data from Dayforce's State of Retirement Savings 2026 report, in 2025, Americans trimmed their contribution rates to 401k and similar...
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Jun 21, 2026 / Tyler Durden
Feeling Emboldened After Attacks On Moscow, Zelensky Threatens Belarus With Military Action
Feeling Emboldened After Attacks On Moscow, Zelensky Threatens Belarus With Military Action
Ukraine is feeling more confident of late as its long-range drones have made the Moscow area - as well as dozens of oil refineries across the country burn.
Zelensky if seeking to flex yet again in recent days by issuing an ultimatum to Belarusian President Alexander Lukashenko, threatening that close Russian ally and 'Union State' Belarus could face attacks out of Ukraine if it fails to dismantle the air defense radar array along its southern border.
The Ukrainian leader even issued a...
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Sep 1, 2026 / Tyler Durden
Solar Overtakes Coal As China's Largest Power Source
Solar Overtakes Coal As China's Largest Power Source
Authored by Tsvetana Paraskova via OilPrice.com,
Solar power has just become the single largest electricity capacity source in China, toppling coal in a landmark achievement of the Chinese renewable energy rollout.
Solar power capacity in China stood at 1,286 gigawatts (GW) at the end of July, Chinese media cited the country's National Energy Administration as saying on Tuesday.
Thus, solar capacity accounted for 31.5% of total installed power generation in China as of July 31.
In July, Chinese authorities said that China would have more installed...
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