The U.S.-Iran war is the biggest oil supply disruption in history
The global oil market will need to balance by destroying demand through sharply rising oil prices, according to Rapidan Energy.
Amazon’s Zoox expands robotaxi testing to Phoenix and Dallas
Zoox will start by deploying a fleet of retrofitted Toyota Highlander SUVs, before rolling out its toaster-shaped robotaxis for testing.
Hims & Hers shares surge after Novo Nordisk drops patent infringement case over compounded weight loss drugs
Novo dropped its patent-infringement case against telehealth provider Hims & Hers after the companies agreed that Hims would sell Novo’s branded medicines.
10-year Treasury yield falls as oil reverses spike
The 10-year Treasury yield initially moved higher before pulling back on Monday as oil prices at first moved past $100 a barrel, then later declined.
Oil shock prompts South Korea to impose fuel price cap for the first time in 30 years
Lee Jae Myung would “swiftly introduce” a fuel price cap, adding that Seoul will explore ways to diversify its energy import sources
‘Sky is the limit’: Analysts warn oil prices could surge further
Energy analysts warned that oil prices could continue to rise in response to the war in the Middle East.
Nvidia backs AI data center startup Nscale as it hits $14.6 billion valuation
Nscale has become a key player in the AI infrastructure buildout
Congressional Democrats demand reversal of Russian oil sales into India as energy prices soar
Russia is reportedly helping Iran target U.S. forces in the Middle East and could now benefit from a windfall of new oil and gas sales.
CNBC Daily Open: Oil storms past $100 for first time since 2022
Shortly after the surge, U.S. President Donald Trump said on Truth Social that “short term oil prices” are “a very small price to pay.”
Why China can withstand oil’s surge past $100 more easily than other countries
The latest Middle East tensions sheds light on how the world’s three largest oil consumers have taken different approaches to energy, with global consequences.
