US, Iran Edge Toward Interim Peace Deal That Will Reopen Hormuz
(Bloomberg) — The US and Iran moved closer to an interim peace agreement meant to reopen the Strait of Hormuz and help end a war that has damaged the global economy and caused chaos in the Middle East. Read More
Trump’s Energy Chief Says Half of Hormuz Stoppages Restored
(Bloomberg) — Roughly 7 million barrels of daily oil and fuel shipments are flowigng through the Strait of Hormuz, or about half of the volumes stranded at the start of the Iran war, said US Energy Secretary Chris Wright. Read More
ECB’s Kazimir Says Rates Must Be Lifted More to Tackle Inflation
(Bloomberg) — Inflation spreading through the economy will force the European Central Bank to raise interest rates further, according to Governing Council member Peter Kazimir. Read More
Coal Clash Pits Billionaire Against Canadian Country Music Star
(Bloomberg) — Australia’s richest woman wants to mine coal in the Rocky Mountains and one of Canada’s most famous country music singers has built a coalition of ranchers, fishermen and environmentalists to stop the project. Read More