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Seafarer killed in Gulf as Iran says ships ablaze in Hormuz

Seafarer killed in Gulf as Iran says ships ablaze in Hormuz A seafarer was killed when a Greek-owned oil tanker was struck by a projectile in the Gulf, its owner said on Friday, as Iran said several tankers had caught fire after hitting mines in the Strait of Hormuz. The Marshall Islands-flagged Velos Sapphire was s…

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IEA says energy realignment needed to survive oil crisis

SINGAPORE — Global supply shocks and fossil fuel market volatility are driving an “unprecedented realignment of power engineering and energy architecture, accelerating deep structural transitions toward grid electrification, solar deployment, and nuclear generation,” according to International Energy Agency Executiv…

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Tesla To "Wind Down" Cybertruck Production At Gigafactory Texas

Tesla To "Wind Down" Cybertruck Production At Gigafactory Texas "Tesla will be winding down production of the Cybertruck at Gigafactory Texas around the middle of next year to make room for increased Cybercab production," Elon Musk revealed on X early Friday morning. Tesla will be winding down production of the Cybe…

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Tesla to wind down Cybertruck production as Elon Musk focuses on robotics and AI

Decision made in order for factory in Texas to be used for Cybercab, the carmaker’s self-driving taxiElon Musk has announced that Tesla will wind down production of its Cybertruck, marking the end of a failed effort to take a chunk of the lucrative market for pickups in the US.The billionaire chief executive said pr…

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Trump, Qatar's Emir Discuss Iran Peace Deal As Brent Suffers Biggest Weekly Drop Since COVID Crash

Trump, Qatar's Emir Discuss Iran Peace Deal As Brent Suffers Biggest Weekly Drop Since COVID Crash Brent crude futures briefly tumbled to $96 a barrel before rebounding to $98.50 as diplomatic efforts to end the nine-month war with Iran progressed toward the end of the week. President Trump spoke with Qatar's emir a…

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Iran warns missile response to new attack could extend to Europe

Iran warns missile response to new attack could extend to Europe An Iranian lawmaker has warned that any new US or Israeli attack could prompt missile strikes reaching Europe, adding that the response could push oil prices above $150 a barrel. “The range of the responding missiles will also encompass Europe, and thi…

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IRGC says two oil tankers ablaze after collision with mines in Hormuz Strait

IRGC says two oil tankers ablaze after collision with mines in Hormuz Strait Iran's Islamic Revolutionary Guard Corps (IRGC) navy announced that two oil tankers caught fire after being struck by mines while attempting to transit through the Strait of Hormuz. The statement said that the two "offending" vessels - "one…

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Strait of Hormuz: Chinese ships get free pass, Iranian official says

A senior Iranian lawmaker said the country is letting commercial vessels from China and three other countries bypass restrictions in the tightly controlled Strait of Hormuz, securing China’s access to oil, including a large quantity sold by Iran itself. Ships from China, India, Iraq and Qatar had been “granted exemp…

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Global stocks tumble as AI panic grips markets after Democrats’ midterm success – business live

European and Asia-Pacific markets slide after Wall Street rout, while latest US jobs report beats forecastsDespite the sharp losses suffered on global stock markets around the world, most indices are still up for the year.The Nasdaq Composite index, for example, is still up 4.6% since the start of January – even tho…

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EU’s Southeast Asia push hits funding crunch as China widens lead

An EU funding crunch is threatening to stifle the bloc’s ambitions to expand its influence in Southeast Asia, as Brussels grapples with a budget deadlock that could slow infrastructure investments across the fast-growing region. The funding squeeze could hinder the green transition and regional connectivity goals of…

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