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Saturday, May 30, 2026

Business

UAE-Eswatini Deal Boosts Economic Relations with Visa-Free Travel Initiative

The United Arab Emirates and Eswatini have reached a...

UAE’s New Pipeline to Boost Oil Export, Skirt Hormuz by 2027

The United Arab Emirates is set to enhance its...

As Gas Prices Climb, the Case Against EVs Gets Harder to Make

Every objection to electric vehicle ownership gets a little...

TikTok’s New Owners Agree to Pay 70% of Its Value as a Government Fee — Here’s the Full Story

The investors who acquired TikTok's US operations have agreed...

Oil Rises Again as Iran Outpaces Every Emergency Measure Thrown at the Crisis

Iran's military campaign is outpacing every emergency measure that the world's largest oil-consuming nations have deployed, with Brent crude rising again Thursday to hover near $100 a barrel despite...

The Trillion-Dollar Launch: SpaceX Prepares for Public Debut

SpaceX is on the verge of a historic public offering that could see the company valued at $1.75 trillion. This valuation would rank it among the largest publicly traded...

Volatile Energy Markets React to Trump’s Dual-Track Strategy on Iran

Oil prices experienced an extraordinary 24-hour cycle, dropping sharply after Donald Trump reassured markets while simultaneously warning of future strikes. After Brent crude hit a peak of $119.50, it...

Oil Prices Refuse to Retreat as New Iranian Supreme Leader Takes Power

The appointment of Mojtaba Khamenei as Iran's new supreme leader did nothing to calm oil markets, which had been watching the Middle East conflict escalate at an alarming pace....

Power Grids Across Europe Under Strain as Oil and Gas Prices Soar

Power grids across Europe are coming under increasing strain as the Iran conflict drives both oil and natural gas prices to their highest levels in years, threatening energy supply...

How Iran’s Warning to Tankers Effectively Closed the World’s Oil Tap

In a matter of hours on Saturday evening, a reported warning from Iran to tankers in the Strait of Hormuz effectively closed one of the most important taps supplying...

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Silver Surges to Record $94 and Gold Reaches $4,689 as Low Volatility Creates Asymmetric Risk Environment

Monday's global financial markets witnessed extraordinary movements as precious metals achieved historic price levels while volatility metrics suggested investor complacency. Silver led the precious...

Trump’s “Historic” Anniversary Gift: Lower Interest Rates

Donald Trump is marking the one-year anniversary of his administration with a "historic" gift to the American people: a 10% cap on credit card...

Silver and Gold Rally After Dramatic Plunge Sparked by Fed Chairman Selection Announcement

Precious metals markets demonstrated recovery Monday following a violent downturn that had created widespread concern among investors. Gold advanced from an 8% drop to...

Technical Challenges Mount for Venezuela Supplying Oil to US Indefinitely

Venezuela's unique heavy crude characteristics create specialized technical challenges complicating efficient operations for Venezuela supplying oil to the US indefinitely. The extra-heavy oil requires...

Energy Sector Battles Worst Three-Year Period on Record

The global crude industry has recorded its most dramatic annual price decline since the pandemic crisis, with values tumbling nearly 20% throughout 2025. This...