Iran’s influence over the strategically vital Strait of Hormuz has effectively cast fossil fuels rather than renewables as the primary source of vulnerability.
The oil market might face a new reality after the Iran war, in which exports through the Strait of Hormuz do not return to the levels once considered normal.
The ultrabillionaire has defended Donald Trump, hyped AI, and defended himself and his megarich peers form being villainised in a new interview, but he's also offered an olive branch for the poor.
The world has lost 13 million barrels of oil per day thanks to the war, and there are major disruptions in vital commodities, International Energy Agency head Fatih Birol said.
‘Someone with access to privileged information appears to have made hundreds of millions in profit by trading on a political secret before it became public.’
As Starbucks sells off most of its China business, local rival Luckin Coffee is expanding into higher-priced cold brews and other drinks. It’s also expanding its footprint in the US.