Rare Earth Stocks Pop After G7 Unveils Plan To Reduce Dependence On China For Critical Minerals

Arab States Voice Outrage Over New 'Illegal' Embassy Opening In Jerusalem Via The Cradle Fifteen Arab and Islamic countries condemned on Sunday the decision of the breakaway region of Somaliland to open an embassy in occupied Jerusalem. The foreign ministers of Egypt, Saudi Arabia, Qatar, Jordan, Turkiye, Pakistan, Indonesia, Djibouti, Somalia, Palestine, Oman, Sudan, Yemen, Lebanon, and Mauritania denounced the move in a joint statement on Sunday. The countries condemned "in the strongest terms the illegal and unacceptable step taken by the so-called 'Somaliland' region in opening a purported 'embassy' in occupied Jerusalem," according...

Russian media reported on Monday that Russian Foreign Minister Sergey Lavrov spoke with US Secretary of State Marco Rubio and informed him that Russia will begin “systematic strikes” against the Ukrainian capital of Kyiv that will target “military sites and decision-making centers.” According to Russia’s TASS news agency, Lavrov said the attacks were a response […]

Tanker Rates Nearly Halve As Hormuz Shipping Normalizes The recent spike in the cost to hire a supertanker carrying 2 million barrels of crude from Saudi Arabia to China is now being sharply reversed, as more shippers send vessels through the Strait of Hormuz and normalization trends continue to improve. Bloomberg reports that tanker rates for the Saudi Arabia-to-China route tumbled to about $287K on Friday, down 44% from more than $514K on Tuesday. That data came from the Baltic Exchange. Rates remain elevated and still highly profitable for owners, but...