Iran Claims 80% Of Bombed-Out Areas Of Tehran Restored, Amid $270BN War Loss Compensation Demand

PayPal Shares Jump Again After "Large Rival" Suitor Revealed As Stripe Update (1558ET): Bloomberg reports that payment processor Stripe has expressed interest in PayPal, a day after the outlet first reported that a "large rival" suitor was exploring a takeover of the payments platform. Bloomberg: STRIPE IS CONSIDERING AN ACQUISITION OF ALL OR PARTS OF PAYPAL STRIPE HAS EXPRESSED PRELIMINARY INTEREST: SOURCES Before the first Bloomberg report hit, PayPal shares in New York were at 2017 lows (with a market capitalization of around $37 billion) and were down more than 85% from the 2021 high...

U.S. To Begin 86-Million-Barrel SPR Dump Next Week Via Exchange Program The speed of the energy shock rippling out from the U.S.-Iran conflict in the Middle East and the near-paralysis of the Strait of Hormuz forced the 32-member IEA last week to approve a 400-million-barrel release from Strategic Petroleum Reserves to help cushion the blow to the global economy. The bulk of that supply will come from the U.S., with the Trump administration preparing a request to exchange 86 million barrels of crude oil as soon as next Wednesday. The planned...

US forces boarded an Iranian tanker in the Gulf of Oman that was suspected of attempting to run the blockade. Earlier today in the Gulf of Oman, U.S. Marines from the 31st Marine Expeditionary Unit boarded M/T Celestial Sea, an Iranian-flagged commercial oil tanker suspected of attempting to violate the US blockade,” US Central Command […]