Energy Prices Soar Due To Iran War and Geopolitical Conflicts
Exxon Mobil and Chevron CEOs warned Friday that gasoline and diesel refineries are already working at full capacity and can’t be increased to meet global shortages due to the Iran war and other geopolitical conflicts. They suggested that might raise gas costs in the coming months. Exxon Mobil CEO Darren Woods revealed that the corporation…
Yen Reach All Time Low Against US Dollar
A big drop in the Japanese yen boosted the US dollar to a 13-month high ahead of widely expected Federal Reserve rate hikes. The Japanese yen fell to its lowest level against the US dollar since 1986 early Tuesday morning, reaching 161.95, its post-1986 high. That assisted the dollar, which traded near its 13-month high…
Oil Prices Touch $80. Before Deal Signed
The American official said the US will seek investments in Iran from other nations and the private sector. The Islamic Republic, with 90 million inhabitants and some of the world’s largest oil and natural gas reserves, desired the fund in the MOU for reconstruction. Iran claimed the Feb. 28 US-Israeli bombardment cost it over $250…
Oil Prices Slip While US-Iran Peace Dealing Approaching
US and Iran prepare to sign an interim peace pact in Switzerland on Friday, leaving oil traders and shippers uncertain about when the Strait of Hormuz will reopen.The 14-point memorandum of understanding, which should extend the ceasefire for two months and begin nuclear negotiations with Iran, has not been released. A senior US official indicated…
US CPI Drove To ATH From 2023 Due To Energy Rise
Energy expenses drove up US consumer prices in May more than three months into a confrontation with Iran, according to official statistics released Wednesday. According to the Bureau of Labor Statistics, prices grew 4.2% from May 2025, the highest annual reading since April 2023, and 0.5% monthly, matching economists’ estimates. With prices jumping 3.9%, the…
SpaceX Ready to IPO at $135
SpaceX (SPCX.O), publicly set a $135 price for shares in its initial public offering on Wednesday, upending the longstanding Wall Street price-discovery apparatus and underscoring Elon Musk’s determination to raise record sums his way. Musk’s choice to post a price a week before its IPO is unique among large U.S. IPOs, highlighting his reputation as…
DELL Gain Profits And Soar Its Shares With His AI Technology
Dell Technologies Inc. shares rose the most since returning to the public markets in December 2018, propelled by a projection for yearly revenue that exceeded expectations for AI server demand. A statement from the Texas-based business on Thursday predicted $167 billion in revenue for the fiscal year ending January 2027, including $60 billion from AI…
Bitcoin Shown “Extreme Fear” Due To AI Listing
Bitcoin (BTC) fell below $75,000 in Wednesday morning trading after spot BTC exchange traded funds showed seven straight days of outflows. Crypto analyst Ted Pillows said investor hunger for artificial intelligence is pushing liquidity away from digital assets. Bitcoin dropped over 4% to $74,700 in 24 hours. It was Stocktwits’ top cryptocurrency ticker. Retail sentiment…