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(Bloomberg) — The US believes it’s close to an agreement with Iran to end the near 10-week war, Axios reported, as China added its voice to global diplomatic pressure to wrap up the conflict. Read More
(Bloomberg) — Oil slumped for a second day after Axios reported that the US and Iran are getting close to a one-page memorandum of understanding to end the war. Read More
(Bloomberg) — Abu Dhabi National Oil Co. appears to have been able to export a second liquefied natural gas shipment through the Strait of Hormuz, according to ship-tracking data compiled by Bloomberg, even as the Iran war halts most traffic. Read More
(Bloomberg) — Indian banks have been unable to import gold and silver for five weeks, an unusually long halt that’s pushing up domestic prices and threatening shortages in the world’s second-biggest bullion market. Read More
(Bloomberg) — Commodities trader Trafigura Group plans to re-domicile a key holding company through which employees own their shares in the business from the Netherlands to Bermuda. Read More
(Bloomberg) — Oil fell a second day as US President Donald Trump said “Great Progress” has been made on a final agreement to end the war with Iran. Read More
(Bloomberg) — Royal Philips is dealing with difficulties sourcing helium for its MRI and CT scanners that rely on the gas to function with the closure of the Hormuz waterway crimping deliveries. Read More
