cnbc_topnews
📰 source: cnbc_topnews · 💼 business crude oil swung wildly over the past week, dropping nearly $10 a barrel before clawing back some losses. since the iran war began, oil has shifted 40% from top to recent bottom. the strait of hormuz remains a mess — houthis hit a cargo ship, killing six
cnbc_topnews
📰 source: cnbc_topnews · 💼 business iran rejected trump's claim that the u.s. has total control over the strait of hormuz, saying the waterway 'remains blocked' until its conditions are met. ship traffic through the strait has sunk to a 5-day average of around 13 vessels, the
cnbc_topnews
📰 source: cnbc_topnews · 💼 business oil rose on thursday as worries over supply disruptions grew after deadly attacks on vessels in the gulf of oman and the red sea, and as a spill near oman kept spreading. brent crude for october delivery gained 1.01% to $88.09 a barrel. u.
cnbc_topnews
📰 source: cnbc_topnews · 💼 business saudi arabia has surged oil exports through the sumed pipeline across egypt to the mediterranean sea, as riyadh avoids houthi attacks in the red sea. exports from egypt's sidi kerir port more than doubled to about 2.3 million barrels per day in august
cnbc_topnews
📰 source: cnbc_topnews · 💼 business ship traffic through the strait of hormuz is near a three-month low, with a five-day average of around 13 transits on tuesday — nearly the lowest since may 12, according to cnec analysis of kpler data. that's about 90% below the pre-war daily average of
theguardian_business
📰 source: theguardian_business · 💼 business commercial ships using the panama canal are facing higher costs as the iran war and el niño disrupt the route. a container ship reportedly paid $4m to jump the queue, more than double the average bid from the previous week. vessels are waiting about 10 days
cnbc_topnews
📰 source: cnbc_topnews · 💼 business the international energy agency cut its 2026 oil demand forecast by another 510,000 barrels a day, now expecting a 1.6 million bpd drop year-on-year. the closure of the strait of hormuz and high fuel prices are crushing consumption, though demand is seen picking up
theguardian_business
📰 source: theguardian_business · 💼 business tui, europe's largest travel company, says the iran war and cost-of-living crisis are pushing holidaymakers to book at the last minute. the war has cost it €60m so far, and its pre-tax profits fell 43% to €153m in the april-june quarter, down from €267m
theguardian_business
📰 source: theguardian_business · 💼 business oil prices keep climbing as us-iran talks hit a new impasse. fresh attacks on ships in the strait of hormuz and bab al-mandeb raised supply concerns, and iran's top security official said the strait stays closed unless the us meets its conditions. oxford economics
cnbc_topnews
📰 source: cnbc_topnews · 💼 business houthi rebels killed six people aboard a cargo ship in the bab el-mandeb strait on tuesday, the first reported fatalities from red sea shipping attacks in over a year. the victims included four crew members on the egyptian-owned, tanzania-flagged tihamah — three pakistani nationals and one indonesian
cnbc_topnews
📰 source: cnbc_topnews · 💼 business ihg, the uk-based owner of holiday inn, express, crowne plaza and six senses, reported first-half operating profits up 10% to $665 million, with revenue from reportable segments up 7% to $1.3 billion. global revenue per available room grew 4.1%, but growth slowed from 4.
cnbc_topnews
📰 source: cnbc_topnews · 💼 business treasury yields climbed tuesday as middle east tensions pushed oil higher and traders braced for july inflation data. the 10-year yield rose 3 basis points to 4.7334%, the 2-year gained over 2 to 4.2597%, and the 30-year added more than 3 to 5.2790%