IRGC Boasts Of Fully Intact Speedboat Fleet For 'Swarm Attacks' In Hormuz

Trump Reinstates Iranian Blockade, Stuns With 20% 'Reimbursement Plan' On Cargo Transit, Oil Prices Surge Summary Trump says US blockade of Iran ports 'reinstated': states that US to be reimbursed at rate of 20% of cargo shipped for vessels wishing to transit. Strikes escalated over weekend: US hit over 140 Iranian military targets; Iran attacks US-linked facilities across the Gulf. Shipping tensions boil: Iran claims the strait is closed, but commercial vessels continue transiting under US protection. Oil prices climb: on rising risk to global shipping & energy markets, as diplomacy clearly unraveling. Strait of Hormuz...

Oil Soars To Six-Week Highs Amid Trump Threats, US Production Dip, & 'Tank Bottoms' At Cushing Oil prices extended their rise this morning to six week highs as fighting between the USand Iran continued around the Persian Gulf and threats of a blockade in the Red Sea added to growing uncertainty about the flow of energy from the region. Secretary of State Marco Rubio said on Wednesday that U.S. forces would continue to attack Iran as long as it tried to exercise control over shipping traffic, which has dwindled in recent...

Diageo Shares Plunge Most In Two Years On Weaker Guidance, Dividend Cut Shares of Diageo Plc fell the most in 2 years after the maker of Guinness beer and Johnnie Walker whiskey cut its guidance for the second time this fiscal year amid soft demand in the US and China markets. The move marks an early challenge for new CEO Dave Lewis. The British distiller now expects organic net sales to decline by 2% to 3% this fiscal year, down from previous guidance of flat to slightly down, and said it...