Energy
How high oil could go if Iran closes the Strait of Hormuz, according to Goldman Sachs and others
Investors should not ignore the risk that Iran could disrupt Middle East oil supplies and trigger a substantial price spike, energy analysts warned Monday, even as the market largely dismissed the threat. Surprisingly, oil prices tumbled Monday after Iran fired missiles at a U.S. airbase in Qatar in retaliation for strikes against its nuclear program […]
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Fiserv debuts bank-friendly stablecoin as fintechs join digital dollar race
Jakub Porzycki | Nurphoto | Getty Images Fiserv is making a big entrance into the stablecoin market. The payments and fintech giant announced on Monday plans to roll out a new blockchain-based digital asset platform anchored by a U.S. dollar-pegged stablecoin called FIUSD — a product it hopes will bring thousands of banks and millions […]
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Pompliano’s ProCap raises over $750 million, goes public via SPAC as bitcoin treasury bubble grows
The race to create publicly traded bitcoin treasuries is accelerating — and so is the capital pouring in. ProCap Financial, the latest entrant, has raised more than $750 million and is going public through a special acquisition company, or SPAC, with Columbus Circle Capital Corp. I, according to an announcement Monday. Led by investor and […]
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Shipping groups avoid the Strait of Hormuz to reduce exposure after U.S. strikes on Iran
An Islamic Revolutionary Guard Corps speed boat sailing along the Persian Gulf during the IRGC marine parade to commemorate Persian Gulf National Day, near the Bushehr nuclear power plant in the seaport city of Bushehr, in the south of Iran, on April 29, 2024. Nurphoto | Nurphoto | Getty Images The number of vessels navigating […]
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Oil at $100 a barrel? U.S. role in Iran-Israel fight fuels market jitters
Oil prices jumped more than 7% on Friday, hitting their highest in months after Israel said it struck Iran, dramatically escalating tensions in the Middle East and raising worries about disrupted oil supplies. Eli Hartman | Reuters Oil markets are entering a new phase of uncertainty after the U.S. entered the war between Iran and […]
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Oil prices jump more than 2% after U.S. strikes on Iran raise fears of supply disruption
People watch from a bridge as flames from an Israeli attack rise from Sharan Oil depot, following Israeli strikes on Iran, in Tehran, Iran, June 15, 2025. Majid Asgaripour | Via Reuters Oil futures jumped more than 2% at the start of the first trading session since the U.S. launched direct attacks against Iran, casting […]
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Bitcoin sinks below $99,000 as U.S. strikes on Iran trigger crypto market sell-off
Bitcoin fell to its lowest level since May over the weekend, as rising tensions in the Middle East and renewed inflation fears triggered a sharp selloff across digital assets. Bitcoin dropped below the $99,000 mark on Sunday — its lowest point in more than a month — as the crypto market became the first to […]
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Shipping threats around Arabian Peninsula rising, largest global shipowners organization warns
Refrigerated containers of Maersk shipping lines are stacked at the container terminal of Bremerhaven port on April 22, 2025 in Bremerhaven, Germany. Focke Strangmann | Getty Images News | Getty Images The world’s largest direct-membership organization for shipowners, charterers, shipbrokers, and agents is warning that while it is still unclear how Iran will respond to […]
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Satellite images show activity at Iran’s Fordo nuclear facility before U.S. air strikes
Maxar Technologies, a U.S. defense contractor, released satellite imagery on Sunday showing activity at Iran’s Fordo nuclear facility prior to U.S. air strikes. The images of the secretive plant, which were collected on Thursday and Friday, depict truck and vehicle activity near to the entrance of the underground military complex. Located 300 feet under a […]
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Why electricity prices are surging for U.S. households
Key Points Electricity prices for households have risen quickly and are expected to outpace U.S. inflation in coming years, experts said. There are many supply and demand factors at play. Data centers are a major contributor to greater demand for electricity, while the U.S. also has an aging infrastructure for transmission and distribution of power, […]
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