A pause in military actions between the US and Iran reduces immediate supply risks, lifting shipping sentiment in the Hormuz Strait. Oil futures (CL1:COM) dropped 5.5% Monday as tensions between the United States and Iran eased, reducing fears of supply disruptions in the
You can find original article here Nrn. Subscribe to our free daily Nrn newsletters Cracker Barrel Old Country Store has announced the appointment of David Deno as CEO of the family-dining company. Deno, who most notably served as CEO of Bloomin' Brands, will succee
A supertanker carrying Saudi crude diverted to the longer Suez route to avoid Houthi attacks in the Red Sea, shipping data shows. A Saudi crude oil tanker, the Olympic Luck, has rerouted through the Suez Canal to avoid Houthi threats in the Red Sea’s Bab el-Mandeb Strait.
Easing crude prices, driven by reduced Iran-US tensions, may ease central bank inflation pressures and reverse bond yield flattening. Oil prices have declined, nearing a gradual downtrend as Iran-US tensions ease, according to analysts. The drop follows a partial recovery
Fuel prices in Australia hit last week the highest level since March as the hostilities in the Middle East drove international crude oil prices to the highest in two months. Australia’s nationwide gasoline prices hit in the week ending July 26 the highest since the end of
Premarket declines in oil stocks follow a sharp drop in crude prices amid reduced geopolitical risks in the Middle East. Oil stocks fell in premarket trading Monday after crude prices dropped sharply. The decline followed a pause in military strikes between the U.S. and Ir
Goldman Sachs leads oil and gas M&A advisory by value Goldman Sachs advised on deals worth $48.3bn in the first half of 2026. Evercore ranked second with $31.6bn, followed by JPMorgan at $25.6bn. RBC Capital Markets led in volume with 12 deals, while Goldma
Oil prices drop below $90 Oil and gas stocks declined in premarket trading on Monday. The decline came after crude prices fell below $90 a barrel. This drop followed a pause in U.S.-Iran strikes over the weekend, raising hopes for a diplomatic solution.
Kuwait Petroleum Corporation's (KPC) fully owned subsidiary Kuwait Oil Company (KOC) has entered into a lease-and-lease-back agreement worth $16bn (Kd4.96bn) with a consortium of international investors led by Blackstone, Brookfield and KKR. The agreement involves KOC's en
Oil prices fell over 7% as geopolitical tensions eased briefly, though supply disruptions in Russia and the Red Sea persist. Brent crude briefly dipped below $90 per barrel as the US and Iran paused retaliatory strikes, easing immediate geopolitical risks. The retreat mark
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