Iran Asserts Control Over Strait of Hormuz

Unitree IPO Soars 460% As "Strong Retail Appetite" May Ignite Physical AI Listing Boom Summary: Unitree Soars 460% in Shanghai IPO  Solactive China Humanoid Robotics Index Plunges As IPO "Drew Funds Away"  Unitree IPO 5,550 Times Oversubscribed As UBS Says Grey Market Points To 3.5x Open Unitree Robotics, one of the most closely watched technology IPOs in Shanghai this year, made its trading debut earlier Wednesday and closed up a staggering 460%. The Chinese humanoid robot maker raised 6.1 billion yuan, or about $904 million. The Hangzhou-based company, formerly known as Yushu Technology Co., climbed...

"Old Economy Is Taking Revenge": Jeff Currie Warns Fuel Squeeze Is Driving Structural Inflation Former Goldman Sachs commodities chief and current Real Macro head Jeff Currie joined CNBC earlier Thursday to discuss all things commodities, warning that the latest Brent crude rally above $107 a barrel is becoming harder to dismiss as a temporary shock, with renewed Chinese buying and soaring refining margins (US diesel crack spread now $110 a barrel) signaling deeper pressure across physical commodity markets. Currie warned that traders are underestimating an inflation cycle driven by years of...

Modi Urges Indians To Conserve Fuel As Oil Shock Spreads India’s Prime Minister called on the nation to work from home, travel less, and conserve fuel to help the government save foreign exchange, OilPrice reported. “In the current situation, we must place great emphasis on saving foreign exchange,” Narendra Modi said, as quoted by Reuters. The prime minister also urged Indians to stop buying gold, again to conserve foreign exchange. Modi also called on farmers to reduce their fertilizer use by as much as 50%. CNBC recalls that India spent $174.9 billion...