WTI Holds Losses As SPR Drain Slows, Cushing Just Off 'Tank Bottoms'

Trump Orders Navy 'Shoot & Kill' Iranian Boats, Says 'Doesn't Need A Deal' As US Intercepts Tankers From Hormuz To Indian Ocean Summary Iranian sources to Chinese state media says 'breakthrough' toward restarting US talks again could come 'tonight or tomorrow'. Trump orders US Navy 'shoot & kill' small Iranian boats amid concern over mines in Hormuz. Says US now "doesn't need a deal". Overnight, US military intercepted two more Iranian oil supertankers that tried to evade the blockade And in Indian Ocean US conducted a maritime interdiction and right-of-visit boarding of the sanctioned stateless vessel...

President Donald Trump described CIA Director John Ratcliffe’s trip to Russia as routine engagement. He went on to dismiss the possibility that Russia could attack a NATO member.  On Thursday, Trump was asked by Axios reporter Barak Ravid if he was concerned that Russian President Vladimir Putin would authorize an attack on a NATO state. […]

DeepSeek Resumes $74BN Mega-Raise - Then Warns It's Jacking-Up Prices Chinese AI startup DeepSeek is looking to raise roughly 50 billion yuan at a valuation of 500 billion yuan (US$74 billion) - while the company warned developers a day later that it's raising prices. The resumed funding round, first reported by Chinese business outlet Caijing (via The Standard), is expected to be signed by the end of the month, with the process kept deliberately quiet; some participating institutions reportedly haven't even been formally told the deal is back on. The pricing notice, posted...