Iran’s IRGC Navy Says Seven Oil Tankers Struck in the Strait of Hormuz

KKR And SK Launch South Korea's Largest Renewable Energy Platform By Tsvetana Paraskova of OilPrice.com Global investment firm KKR and South Korea’s industrial conglomerate SK Inc are launching the single biggest renewable energy platform in South Korea to help meet growing power demand from AI and chip manufacturing. KKR and SK Inc are creating the platform, valued at about $1.3 billion, or 2 trillion South Korean won, to combine 1.7 gigawatts (GW) of clean energy capacity in operation and a pipeline of projects in development that would boost the platform’s total capacity...

Wall Street's Trillion-Dollar Bet On "Tax Alpha" Tax alpha — the practice of improving investment returns by reducing taxes — has become one of the fastest-growing strategies on Wall Street, according to Bloomberg.  Rather than focusing only on beating the market, many investment firms now design portfolios to minimize taxes, often producing higher after-tax returns even if pre-tax performance is similar to traditional strategies. After years of rising markets, many wealthy Americans hold large unrealized gains in stocks and funds. To address the resulting tax burden, asset managers have developed a wide...

Saudis On Trump's Israel Normalization Demand: 'Tweets Don't Overturn Signed Deals' Update(1258ET): Saudi unnamed officials are pushing back, as expected... After President Trump earlier this morning in a Truth Social post asserted that the already signed US-Saudi nuclear deal would actually be conditioned on Riyadh joining the Abraham Accords, journalist Laura Rozen quotes an unnamed Saudi source who says Trump’s demand is too late. "It was signed. So nothing to renegotiate," the Saudi source says. "Tweets don’t overturn signed agreements." Is the 'civilian nuclear energy' deal already dead on arrival, even as it's...