Japanese, French and Omani vessels cross the Strait of Hormuz
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(Bloomberg) — The US is doubling, to $40 billion, its commitment to provide reinsurance guarantees to ships willing to travel through the Strait of Hormuz with the addition of new insurance partners, including AIG and Berkshire Hathaway. Read More
(Bloomberg) — A French container ship and a Japanese-owned tanker have crossed the Strait of Hormuz, in what appear to be the first such transits since the war in Iran shuttered the crucial waterway. Read More
(Bloomberg) — Treasuries fell as a solid reading of the US labor market prompted traders to reduce bets the Federal Reserve will lower interest rates this year. Read More
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(Bloomberg) — Russia’s oil tax revenue in March dropped by nearly half compared to a year earlier, highlighting the Kremlin’s financial strain just before the Middle East war delivered an unexpected boost to Moscow’s earnings. Read More
(Bloomberg) — Abu Dhabi suspended operations at the United Arab Emirates’ largest natural gas processing facility following an attack that sparked a fire, hours after strikes hit key energy infrastructure in Kuwait. Read More
(Bloomberg) — Three tankers broadcasting Omani ownership appear to have navigated the Strait of Hormuz by hugging their home country’s coastline, indicating a different route to a northerly path through Iranian waters. Read More