Oil Slides As Qatar Floats New Iran Deal, Bessent Promises Hormuz Breakthrough: 'May Have Deal Tomorrow'

WTI Maintains Losses After Another SPR Drain, Distillate Stocks At 30-Year Seasonal Lows Oil prices have roller-coastered overnight - higher on new Houthie attacks in the Red Sea and now lower on reports that a draft deal approval in imminent. Up... A Houthi military spokesperson said the group would escalate attacks on Saudi vessels in the northern Red Sea — the latest workaround for the kingdom’s exports to avoid the perilous Bab al-Mandab Strait off Yemen’s coast to the south. Exports from the Red Sea have become a vital lifeline for Saudi...

Lucid Crashes On Report It's Weighing A Take-Private Or Bankruptcy Shares of struggling EV maker Lucid plunged as much as 49% after auto-industry news website Electric-Vehicles.com reported that the company is working with restructuring adviser AlixPartners to evaluate strategic options, including a potential take-private transaction or a Chapter 11 bankruptcy filing. Lucid (LCID) considering going private or chapter 11, according to https://t.co/lDDwzdDPdL LUCID DOWN 45% — zerohedge (@zerohedge) July 14, 2026 Lucid EV Here's more from the report: According to the sources who spoke on condition of anonymity because the review is strictly confidential, AlixPartners is...

Axios reported on Monday that President Trump gave Saudi Crown Prince Mohammed bin Salman his support for an attack on Yemen ahead of Saudi Arabia’s bombing of the Sanaa International Airport, which shattered a years-long truce between Riyadh and the Houthis. US officials told Axios reporter Barak Ravid that Riyadh sought support for the attack […]