US Secretary of State Marco Rubio states Iranian control of the Strait of Hormuz could disrupt 20% of global energy supply and set a dangerous precedent. US Secretary of State Marco Rubio warned that Iranian control of the Strait of Hormuz, a critical chokepoint for nearly
Spot gold rises to $4,114 an ounce Spot gold rose circa 0.9% to around $4,114 an ounce, its highest since July 10, driven mainly by technical buying. The increase in gold price is also attributed to investors positioning ahead of next week's Federal Reserve meeting
The 30-year deal may allow Saudi Arabia to develop uranium enrichment capabilities, boosting oil-linked energy markets. US President Donald Trump approved a 30-year nuclear agreement with Saudi Arabia, potentially enabling the kingdom to enrich uranium for civilian use. Th
US firms to develop Saudi nuclear program The US has approved a 30-year deal with Saudi Arabia, giving American companies a central role in the kingdom's nuclear development. The deal includes an option for uranium enrichment, a market-sensitive element that could
Eleven nights of US airstrikes aim to curb Iran’s threats to commercial shipping in a key oil transit route. The US Central Command conducted its 11th consecutive night of strikes against Iranian military infrastructure, including drone storage and maritime capabilities. T
Phased tariffs aim to shift generic drug production to the U.S., starting with a 100% levy in 2028 and doubling a year later. Former President Donald Trump announced plans to impose a 100% tariff on imported generic drugs beginning August 2028, rising to 200% in 2029. The
CENTCOM confirms the Strait of Hormuz remains open, but barrel flows fall to 33% of pre-war volumes, sustaining risk premiums in crude markets. The Strait of Hormuz remains open after 11 nights of U.S. strikes on Iran, yet oil flows have collapsed to roughly a third of pre
Trump administration plans to shift annual R&D spending toward AI and quantum computing, reducing grants for universities. The White House will reallocate a $200 billion annual federal research budget to prioritize artificial intelligence, quantum computing, and nuclear en
US generic drug imports will face 0% tariffs for two years, then rise to 100% and 200% starting in 2026, targeting affordability. The Trump administration announced a two-year tariff exemption for generic drugs imported into the US, followed by steep increases to 100% and
Shares of Oklo and X-Energy rise after joining a U.S. initiative to accelerate advanced nuclear reactor deployment for AI data centers. Oklo and X-Energy shares climbed 5.8% and 7.1%, respectively, in post-market trading after reports they joined a Trump administration pro
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