China's 70% EV Target Deals Another Blow To Oil Demand

Corning Shares Erupt On Nvidia Deal To Supercharge Fiber Optics Output By 10x U.S.-based glass company Corning soared in premarket trading in New York after announcing a new mega deal with Nvidia to expand manufacturing capacity for fiber optic production used in AI data centers. "Corning will increase its U.S.-based optical connectivity manufacturing capacity by 10x and expand its U.S. fiber production capacity by more than 50% to meet the accelerating demand driven by AI factory buildouts," Nvidia wrote in a press release.  The expansion includes three new manufacturing plants in...

As we begin a new week, the media is filled with reports that President Trump is ready to approve a US ground operation against Iran, either to seize Iran’s uranium or to attack an island off the country’s coast. Thousands of US troops have sped to the conflict area to await President Trump’s decision. The […]

New Ayatollah's First Message: Hormuz Strait Stays Closed, Warns 'More Fronts' Could Open Summary: Bloomberg: Trump admin set to temporarily suspend Jones Act shipping rules to help cool rising oil prices. Ayatollah Mojtaba in first public message says the closure of the Strait of Hormuz should be continued as a tool to pressure the enemy Mojtaba vows to keep attacking US bases, and signals 'new fronts' could soon open President Trump simultaneously says the US is stopping Iran "from having Nuclear weapons" and "destroying" the Middle East and "the World". Shipping turmoil escalates as multiple vessels...