Alones Creative/iStock via Getty Images The essence of this is simple enough. Currently, the world is missing somewhere between 10-20 million barrels of oil per day. This is equivalent to 10-20% of global oil supply. Of the global energy base, oil makes up roughly 30%, meaning that 6% of global energy is currently missing. There is no GDP without energy, no industrial activity. The most recent exa...
Alones Creative/iStock via Getty Images The essence of this is simple enough. Currently, the world is missing somewhere between 10-20 million barrels of oil per day. This is equivalent to 10-20% of global oil supply. Of the global energy base, oil makes up roughly 30%, meaning that 6% of global energy is currently missing. There is no GDP without energy, no industrial activity. The most recent examples of energy shocks in this magnitude are the 1973 and 1979 oil crisis, where 6-7% of global oil supply was disrupted, making this a much larger disruption. We simply have no precedent to compare with. Why do I say between 10-20% when it’s documented that 20% of global oil flows through the strait of Hormuz? I do so, because a few alternatives in form of inland pipelines exist through Saudi Arabia, but they don’t have sufficient flowrate to compensate for the combined sum of vessels passing through the strait on a daily basis up until the ongoing war started. “ Soon, ” I don’t know when, you don’t know when, no one knows when – but “ soon ” national and local inventories will dry up as the last tankers who went through the strait will in most instances have arrived at their destination. At the same time, the global strategic 400 million barrel reserve will provide buffer, but perhaps not equally. When that happens, the global oil market will have to find a price equilibrium equivalent to the destruction of 10-20% of daily oil consumption. What will that pricing point be? Again, you don’t know, I don’t know, no one knows, but it will be a lot higher than the price today. Why? Because developed economies will be able to pay a premium in order to prioritize their economic activity, and this will be all about the marginal price at that point. We saw the same thing during the 2022 European gas crisis, where EU’s ability to pay a premium drove up prices. In terms of who will be hit the hardest, it’s well documented that majority of oil and gas passing through the strait reache...
Brent crude oil prices have risen back above $113 per barrel, driven by heightened uncertainty following President Trump's ten-day pause on strikes targeting Iran's energy infrastructure. Amos Haksef, Managing Partner at TWG Global and former senior adviser and deputy assistant under President Biden joins David Gura and Katie Griefeld on "The Close" to analyze the recent volatility in oil prices. ...
Brent crude oil prices have risen back above $113 per barrel, driven by heightened uncertainty following President Trump's ten-day pause on strikes targeting Iran's energy infrastructure. Amos Haksef, Managing Partner at TWG Global and former senior adviser and deputy assistant under President Biden joins David Gura and Katie Griefeld on "The Close" to analyze the recent volatility in oil prices. (Source: Bloomberg)
Tanison Pachtanom/E+ via Getty Images The iShares Global Infrastructure ETF ( IGF ) is a passively managed fund that invests in large infrastructure companies around the world. This educational overview covers IGF’s strategy, what’s in the portfolio, historical performance, how it has responded in different markets, and how it compares to other global infrastructure ETFs. How's IGF Structured? IGF...
Tanison Pachtanom/E+ via Getty Images The iShares Global Infrastructure ETF ( IGF ) is a passively managed fund that invests in large infrastructure companies around the world. This educational overview covers IGF’s strategy, what’s in the portfolio, historical performance, how it has responded in different markets, and how it compares to other global infrastructure ETFs. How's IGF Structured? IGF tracks the S&P Global Infrastructure Index , which includes 75 stocks. Eligibility: trade on a major exchange, float-adjusted market cap of $100+ million, average daily volume of at least $500,000. The index is split into three clusters: transportation, utilities, and energy infrastructure. Up to 15 slots are reserved for emerging-market stocks to ensure they aren’t crowded out by larger names. Each cluster is assigned a target weight: roughly 40% each for transportation and utilities, 20% for energy. No single stock can exceed 5% of the index. The index is rebalanced quarterly. IGF launched in December 2007 and has ~$10 billion in net assets. The expense ratio is 0.39%. What's In The iShares Global Infrastructure ETF? IGF currently holds 76 positions , which is actually one more than the index’s target. The top ten make up ~38% of assets. NextEra Energy ( NEE ) is the top holding, followed by Spanish airport operator Aena ( ANNSF ) and Australia’s Transurban Group ( TRAUF ). iShares Global Infrastructure ETF Website (March 2026) Holdings across the portfolio include regulated electric utilities, toll road and railroad operators, pipeline companies, and airport concessionaires. iShares Global Infrastructure ETF Website (March 2026) The current allocation across the three clusters is shown above. Again, these weights are set by the index methodology, so they don’t drift much between rebalances. Turnover is 14%. iShares Global Infrastructure ETF Website (March 2026) The U.S. makes up about 40% of assets, with the rest being international. Australia, Spain, and Canada each co...
NAN104/iStock Editorial via Getty Images Carnival Corporation & plc ( CCL ) is back to the yearly lows below $25 despite strong quarterly profits. The cruise line was hit by weak guidance on short-term impacts from higher fuel costs, but the business should be valued on normal fuel prices. My investment thesis is ultra bullish on the stock based on long-term profit forecasts. Source: Finviz Fuel I...
NAN104/iStock Editorial via Getty Images Carnival Corporation & plc ( CCL ) is back to the yearly lows below $25 despite strong quarterly profits. The cruise line was hit by weak guidance on short-term impacts from higher fuel costs, but the business should be valued on normal fuel prices. My investment thesis is ultra bullish on the stock based on long-term profit forecasts. Source: Finviz Fuel Impact Ever since the Covid shutdowns, passengers have flocked back to the cruise lines for attractively priced travel. Carnival set aggressive financial targets called SEA Change and already hit those targets in 2025. The company reported the following strong FQ1'26 results to continue the positive trend: Source: Seeking Alpha Carnival already reported a massive FY25 EPS of $2.25, and the FQ1 results were up 54% from the only $0.13 reported in FQ1'25. The company was on pace for another big year when the Iran conflict led to a hiccup in fuel costs. The cruise line operates a massive global business with ships consuming nearly 30 metric tons of fuel annually. Carnival has spent about $2 billion on fuel costs the last couple of years, so any dramatic move in prices will impact fuel costs. The company guided to a FY26 fuel impact of ~$500 million, but a big key is the assumption of lower fuel prices later this year as follows: Reflects the purchased price of fuel for the month of March and early April. Brent averaging $90/bbl for the remainder of April and May. Brent averaging $85/bbl for FQ3'26. Brent averaging $80 for FQ4'26. The cruise line has about 85% of capacity booked for the year, so customers have already agreed to travel prices before the fuel price hike. Importantly, though, Carnival runs a cruise line with nearly $27 billion in annual revenues and $24 billion in annual costs, with expense lines like payroll and onboard topping fuel costs. PROPEL Goal Carnival just announced a new corporate goal called PROPEL: Powering Growth & Returns, Responsibility. The company ...
The Handala Hack Team published more than 300 emails from Kash Patel’s inbox between 2010 and 2019 Sign up for the Breaking News US email to get newsletter alerts in your inbox Iran -linked hackers have broken into the personal email inbox of Kash Patel, FBI ’s director, publishing photographs of him and other documents on the internet, the hackers and the bureau said on Friday. On their website, ...
The Handala Hack Team published more than 300 emails from Kash Patel’s inbox between 2010 and 2019 Sign up for the Breaking News US email to get newsletter alerts in your inbox Iran -linked hackers have broken into the personal email inbox of Kash Patel, FBI ’s director, publishing photographs of him and other documents on the internet, the hackers and the bureau said on Friday. On their website, the hacker group Handala Hack Team said Patel “will now find his name among the list of successfully hacked victims”. The hackers published a series of personal photographs of Patel sniffing and smoking cigars, riding in an antique convertible and making a face while taking a picture of himself in the mirror with a large bottle of rum. Continue reading...
Amid turmoil in the Middle East, including the effective closure of the Strait of Hormuz, through which roughly a quarter of the world’s seaborne oil passes, Beijing is pressing ahead with its Zhuri (sun-chasing) project to build solar power stations in space. Chinese Academy of Engineering academician and senior rocket scientist Long Lehao likened this space-based solar power programme to putting...
Amid turmoil in the Middle East, including the effective closure of the Strait of Hormuz, through which roughly a quarter of the world’s seaborne oil passes, Beijing is pressing ahead with its Zhuri (sun-chasing) project to build solar power stations in space. Chinese Academy of Engineering academician and senior rocket scientist Long Lehao likened this space-based solar power programme to putting the Three Gorges Dam into geostationary orbit, underscoring its extraordinary scale and ambition....
Beyond Meat (NASDAQ: BYND) has been an exciting stock to follow over the last year. In the span of a week, the company's share price briefly skyrocketed more than 1,000% as the stock achieved meme stock status , investors bet on a continued short squeeze, and those who had bet against the stock moved to close out their shorts by buying shares. Subsequent trading has mostly been a different story. ...
Beyond Meat (NASDAQ: BYND) has been an exciting stock to follow over the last year. In the span of a week, the company's share price briefly skyrocketed more than 1,000% as the stock achieved meme stock status , investors bet on a continued short squeeze, and those who had bet against the stock moved to close out their shorts by buying shares. Subsequent trading has mostly been a different story. As of this writing, the company's share price is down 84% from its 52-week high. The stock has also fallen 16.5% across 2026's trading. Beyond Meat shares currently sit at under $0.70 per share -- significantly below the $1 per share level needed to continue trading on the Nasdaq stock exchange. So could a reverse stock split be in Beyond Meat's future? Let's see. Continue reading
Yahoo Finance Technology Editor Dan Howley joins anchor Josh Lipton to discuss a report that SpaceX’s (SPAX.PVT) IPO could take an unconventional approach, with a large share allocation to retail investors.
Yahoo Finance Technology Editor Dan Howley joins anchor Josh Lipton to discuss a report that SpaceX’s (SPAX.PVT) IPO could take an unconventional approach, with a large share allocation to retail investors.