Iran Says Two Tankers Exploded In Hormuz Chokepoint As Ship Traffic Near Standstill

Saudi Arabia's $5 Oil Detour Is Expensive... But Worth It Authored by Leon Stille via OilPrice.com, Rerouting Saudi crude to Asia via Yanbu, Egypt’s SUMED pipeline and the Cape of Good Hope may add around $5 per barrel and up to four weeks to a voyage. That premium is small compared with the economic damage caused by losing access to Hormuz or Bab el-Mandeb altogether. Saudi Arabia’s alternative export infrastructure is not a temporary workaround but a strategic asset—although it cannot replace the kingdom’s wider need to diversify beyond oil. The latest Saudi oil...

Israeli forces continue to scale up efforts on the “Sufa 53 line” construction in southwest Syria’s Quneitra Governorate this week, adding a substantial number of heavy construction vehicles to the deployment for land-clearing work, and launching more reads on villages near line’s planned location. Some nine Israeli vehicles crossed into Quneitra, initially entering the village […]

AMD Crashes Despite Big Beat, CapEx Almost Triple Expectations AMD beat on its top- and bottom-line: Revenue: $11.54B vs $11.28B expected Adjusted EPS: $1.66 vs $1.62 expected Good news. With Data center revenue up 107% year over year to  $6.72B, better than the $6.6B expected. More good news. As Bloomberg reports, last month, Chief Executive Officer Lisa Su rolled out new products that the company said will outperform offerings from Nvidia, adopting a more aggressive stance in a market it predicts will reach $1.4 trillion by 2030. That further raised already lofty investor expectations. The chipmaker forecast that...