The wait stretched on for Iran’s response to a US proposal to end 10 weeks of war, as the world’s largest oil company warned it would take months for the market to return to normal even if the Strait of Hormuz reopened immediately. As of early Sunday, the Islamic Republic had given no public indication it would accept President Donald Trump ’s plan that stipulates Iran permits passage through the ...
The wait stretched on for Iran’s response to a US proposal to end 10 weeks of war, as the world’s largest oil company warned it would take months for the market to return to normal even if the Strait of Hormuz reopened immediately. As of early Sunday, the Islamic Republic had given no public indication it would accept President Donald Trump ’s plan that stipulates Iran permits passage through the crucial waterway and Washington ends its blockade on Iranian ports in the next month. Tehran on Friday said it was “under review.” Trump the same day warned the US might “go a different route if everything doesn’t get signed up, buttoned up,” suggesting an expanded version of Project Freedom, the brief US effort to break Iran’s maritime stranglehold and escort ships through Hormuz. The conflict that began with US-Israeli strikes on Iran on Feb. 28 has upended oil and gas markets, with soaring fuel prices piling pressure on governments and consumers worldwide — including in the US ahead of mid-term elections. Thousands of people have been killed across the Middle East, mainly in the Islamic Republic. The chief executive officer of Saudi Arabia’s Aramco , Amin Nasser , said Sunday in a statement that “if trade flows resume immediately or today through the Strait of Hormuz, it will take a few months for the oil market to rebalance.” If “trade and shipping remain curtailed by more than a few weeks from today, we anticipate the supply disruption to persist, and the market to normalize only in 2027,” he added. About a fifth of the world’s oil and liquefied natural gas typically flows through the waterway. For the moment, Iran is signaling no let-up in its effective closure of the conduit. A fragile ceasefire has been in place since April 8. “From this point forward, countries that comply with US sanctions against Iran will face difficulties in passing,” army spokesman Mohammad Akraminia said in an interview with the state-run Islamic Republic News Agency on Sunday. A bulk carrier...
The One Big Beautiful Bill is reshaping healthcare spending. See why three healthcare stocks can benefit from HSA expansion and stronger commercial enrollment
The One Big Beautiful Bill is reshaping healthcare spending. See why three healthcare stocks can benefit from HSA expansion and stronger commercial enrollment
Malaysia has ramped up health screenings at all international entry points, particularly in the maritime sector, to prevent hantavirus from entering the country, according to Health Minister Dr Dzulkefly Ahmad. Dzulkefly assured the public that as of Sunday, there have been zero hantavirus cases reported in Malaysia or involving Malaysians, noting that the six lab-confirmed cases recently highligh...
Malaysia has ramped up health screenings at all international entry points, particularly in the maritime sector, to prevent hantavirus from entering the country, according to Health Minister Dr Dzulkefly Ahmad. Dzulkefly assured the public that as of Sunday, there have been zero hantavirus cases reported in Malaysia or involving Malaysians, noting that the six lab-confirmed cases recently highlighted were all reported abroad. However, he stressed that the country must remain vigilant against the...
The money you're putting aside for retirement isn't coming out of thin air. Rather, you're no doubt working hard to save that money, perhaps by limiting your spending or hustling to fund your IRA or 401(k). Since building retirement savings takes effort, you may be inclined to take a cautious approach to investing. After all, you don't want to work hard to find the money for your IRA or 401(k), on...
The money you're putting aside for retirement isn't coming out of thin air. Rather, you're no doubt working hard to save that money, perhaps by limiting your spending or hustling to fund your IRA or 401(k). Since building retirement savings takes effort, you may be inclined to take a cautious approach to investing. After all, you don't want to work hard to find the money for your IRA or 401(k), only to lose it during a stock market crash. Image source: Getty Images. Continue reading