Finance

The International Energy Agency (IEA) expects that despite the anticipated signing of a memorandum of understanding between the United States and Iran this week, a full restoration of traffic through the Strait of Hormuz — a globally critical energy transport artery — will still take several months. The IEA projects that global oil demand will […]

① Yann LeCun stated that Elon Musk’s xAI has become a “failure case,” with the departure of its founding team making it difficult to attract top AI talent and challenging to compete with OpenAI and Anthropic. ② He warned that AI service costs remain high, and user payments are insufficient to cover losses. If prices

As the US-Iran memorandum of understanding took effect, the Strait of Hormuz entered a reopening phase on Thursday, with stranded tankers gradually activating their AIS signals and transiting the strait. Vice President Vance stated that more than 12 million barrels of crude oil had passed through “overnight.” However, mines remain in the middle of the

On the 20th local time, Los Angeles Mayor Karen Bass issued a statement saying that, as a large commercial warehouse fire in the city continues to burn, the city has declared a local state of emergency to ensure it has the resources needed in the coming days to continue efforts to extinguish the large warehouse

Following the US-Iran agreement aimed at the full reopening of the Strait of Hormuz, Iraq has asked operators of its five major oil fields to raise production to pre-war levels, targeting an output exceeding 3 million barrels per day. According to documents seen by the media, Iraq’s state-owned Basra Oil Company has requested the five

Goldman Sachs recently lowered its 2026 year-end gold price forecast by $500 per ounce, as the Fed is not expected to cut interest rates again this year. In recent years, the Wall Street giant has been one of the most steadfast and high-profile bullish voices in the gold market. This downward revision to the gold

Kevin Warsh, the new chairman of the Federal Reserve, has sent a clear signal that he will carry out sweeping reforms and is not as “dovish” as the market had expected. This is undoubtedly terrible news for large technology companies. The new chairman, known for his terse style, has refrained from publishing his own dot

On Sunday (21st), delegations from the United States and Iran held technical-level talks in Switzerland. According to related reports, tensions unexpectedly emerged on the first day of the talks. As the U.S. President once again issued threats against Iran, the Iranian side strongly protested, causing the negotiations to be temporarily suspended. The latest developments have

Evan Greenberg, CEO of Chubb, expects shipping traffic through the Strait of Hormuz to gradually increase, but risks remain. He said, “We are now talking about a war-zone-like environment. Currently, there is only one narrow channel available for passage, so the number of vessels entering and exiting is limited. The navy has been working to

Over the weekend, the United States and Iran once again offered conflicting statements regarding passage through the Strait of Hormuz. U.S. President Donald Trump issued a fresh warning, stating that if a final agreement with Iran is not reached within 60 days, the United States will impose transit tolls on the Strait of Hormuz. Representatives