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Citi Expects Oil To Sink To $60 As Hormuz Traffic Normalizes
Citi Expects Oil To Sink To $60 As Hormuz Traffic Normalizes
Brent Crude prices could plunge to as low as $60 per barrel by the end of the year, according to the latest note from Citi's commodity research team which expects flows through the Strait of Hormuz to soon normalize and the US and Iran to reach a deal in the coming months.
"Fundamentals are rapidly reasserting themselves as Hormuz disruptions fade, with Brent back to the low $70s/bbl. While the US-Iran process remains fragile and disputes over Hormuz administration and...
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May 13, 2026 / Tyler Durden
Rising Jet Fuel And Ticket Prices Could Disrupt Summer Air Travel
Rising Jet Fuel And Ticket Prices Could Disrupt Summer Air Travel
Submitted by Tsvetana Paraskova of OilPrice.com
Summer travel could be disrupted for millions of airline passengers as airlines pass on higher jet fuel prices onto air fares and cancel unprofitable routes, according to the global association Airports Council International.
The surge in jet fuel prices as a result of the Middle East crisis leads to higher air fares. Passengers should be prepared for higher ticket prices for longer, Stefano Baronci, the Airports Council International’s director general of Asia Pacific and Middle...
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Mar 26, 2026 / Tyler Durden
Judge Blocks Trump Admin's 'Orwellian' Supply Chain Risk Label On Anthropic - For Now
Judge Blocks Trump Admin's 'Orwellian' Supply Chain Risk Label On Anthropic - For Now
It looks like Anthropic isn't as radioactive to other defense contractors - for now, and on paper.Â
In a sharply worded 43-page order issued Thursday, U.S. District Judge Rita F. Lin (Biden) of the Northern District of California granted Anthropic PBC's motion for a preliminary injunction, blocking key punitive measures imposed by the Trump administration after the AI company publicly refused to lift safety restrictions on its Claude model.
Photo-Illustration: WIRED Staff; PHotograph: FABRICE COFFRINI/Getty Images
Lin minced no...
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Apr 9, 2026 / Tyler Durden
Trump Warns Of Action If Iran Fails To Uphold 'Real' Ceasefire, But Optimism Persists As Bombing Largely Subsides




