The oil market is becoming increasingly responsive to events in Iran, where there have been deadly protests — and and threats of US retaliation — in the past several days. Brent oil futures have risen more than 4% in the past two sessions — having previously given up all gains from the aftermath of US forces capturing Venezuelan president Nicolás Maduro at the weekend. Traders are also paying the ...
The oil market is becoming increasingly responsive to events in Iran, where there have been deadly protests — and and threats of US retaliation — in the past several days. Brent oil futures have risen more than 4% in the past two sessions — having previously given up all gains from the aftermath of US forces capturing Venezuelan president Nicolás Maduro at the weekend. Traders are also paying the biggest premiums for insurance against a future rally since Israel and Iran exchanged air strikes in the summer. While the situation in Venezuela quickly turned into a price drag as it emerged that the US planned to take millions of barrels of the nation’s oil to the global market, Iran is a far bigger producer and exporter, and so any supply disruption there would be more impactful. The death toll in Iran since the unrest began late last year has risen to 42, according to the US-based Human Rights News Agency, which tracks protests and the activities of political activists in Iran. In an interview, US President Donald Trump reiterated warnings to Tehran against killing protesters, saying “if they do that, they’re going to have to pay hell.” “The focus has now shifted to Iran, where violent protests have erupted,” said Arne Lohmann Rasmussen , chief analyst at A/S Global Risk Management. “There is also growing concern in the market that the US, with Trump at the helm, could exploit the chaos to attempt to overthrow the regime, as we have seen in Venezuela.” There were acute tensions involving Iran as recently as last summer, when the country came under attack from the US and Israel, prompting concerns at the time that Tehran might move to harass shipping on Strait of Hormuz shipping corridor through which Middle East energy flows. Those fears didn’t turn into significant disruption and prior protests also had no major impact on Iranian supply. However, the tensions come just after the US blockaded Venezuelan oil flows and also at a time when a key part of the futures market...
SEATTLE, January 09, 2026--Amazon Pharmacy now offers Novo Nordisk’s newly FDA-approved oral GLP-1 with transparent pricing and fast, free home delivery
SEATTLE, January 09, 2026--Amazon Pharmacy now offers Novo Nordisk’s newly FDA-approved oral GLP-1 with transparent pricing and fast, free home delivery
American automakers who got overenthusiastic about electric vehicles continue to pay the price—literally. Yesterday, General Motors told investors that building and selling fewer EVs will cost the company $6 billion. Still, things could be worse—last month, rival Ford said it would write down $19.5 billion as a result of its failed EV bet. GM is not actually abandoning its EV portfolio, even as it...
American automakers who got overenthusiastic about electric vehicles continue to pay the price—literally. Yesterday, General Motors told investors that building and selling fewer EVs will cost the company $6 billion. Still, things could be worse—last month, rival Ford said it would write down $19.5 billion as a result of its failed EV bet. GM is not actually abandoning its EV portfolio, even as it reduces shifts at some plants and repurposes others—like the one in Orion, Michigan—into assembling combustion-powered pickups and SUVs instead of EVs. The electric crossovers, SUVs, and pickups from Cadillac, Chevrolet, and GMC will remain on sale, with the rebatteried Chevy Bolt joining their ranks this year. But GM says it expects to sell many fewer EVs than once planned. For one thing, the US government abolished the clean vehicle tax credit, which cut the price of an American-made EV by up to $7,500. That government has also told automakers it no longer cares if they sell plenty of inefficient vehicles. Add to that the extreme hostility shown by car dealers toward having to sell EVs in the first place and one can see why GM has decided to retreat, even if we might not sympathize. Read full article Comments
Welcome to the Brussels Edition. I’m Suzanne Lynch, Bloomberg’s Brussels bureau chief, bringing you the latest from the EU each weekday. Make sure you’re signed up . Trade is topping the agenda in Brussels after EU countries today backed the Mercosur pact with South American countries. The agreement with Argentina, Uruguay, Brazil and Paraguay has been 25 years in the making and represents the big...
Welcome to the Brussels Edition. I’m Suzanne Lynch, Bloomberg’s Brussels bureau chief, bringing you the latest from the EU each weekday. Make sure you’re signed up . Trade is topping the agenda in Brussels after EU countries today backed the Mercosur pact with South American countries. The agreement with Argentina, Uruguay, Brazil and Paraguay has been 25 years in the making and represents the biggest trade deal negotiated by the EU. But its passage has been fraught. Protestors stormed the French capital yesterday ahead of the vote, while Polish farmers took to the streets of Warsaw today and threatened days of action. The deal, which also needs to be endorsed by the European Parliament, is expected to be sealed next week in South America. But the EU’s division on the issue is not a good look for Brussels as it seeks to prove itself as a serious trading power and diversify away from the US and China. France, Poland, Ireland, Hungary and Austria voted against the deal at a meeting of EU ambassadors today, while Belgium abstained. Italy, which had emerged in recent weeks as the swing vote, backed the proposal. The move to push it through over the heads of several dissenting member states may also fuel euroskeptic narratives about the EU’s accountability. Already, French far-right leader Marine Le Pen called on France to suspend its contribution to the EU budget. Trade is also occupying minds in Brussels in another way. Officials are watching closely for a possible decision by the US Supreme Court today on the legality of President Donald Trump’s tariffs, which were partially aimed at addressing the country’s trade deficit in goods with the EU. A ruling against Trump’s signature economic policy could force the US government to refund the tariffs it has already charged. “The law is on our side here,” White House trade adviser Peter Navarro told Bloomberg’s Mishal Husain in an interview , noting that the administration has “an alphabet number soup” of options to pursue i...
Tapasya Fund, an investment management company, released its fourth quarter 2025 investor letter. A copy of the letter can be downloaded here. The firm celebrated its third anniversary in August 2025 and is happy with the fund’s performance. In 2025, the fund performed well and achieved strong absolute returns, outpacing the S&P 500 and several […]
Tapasya Fund, an investment management company, released its fourth quarter 2025 investor letter. A copy of the letter can be downloaded here. The firm celebrated its third anniversary in August 2025 and is happy with the fund’s performance. In 2025, the fund performed well and achieved strong absolute returns, outpacing the S&P 500 and several […]