More than 300 Australian petrol stations have run dry. The government just signed a deal with Singapore to keep fuel flowing — and is offering up its gas exports as collateral.
Germany needs 288,000 foreign workers annually until 2040 or its labor force will contract by 10%. The country is betting on India — but the math doesn't quite work, and the competition is fierce.
Ships that left Qatar before Iran closed the Strait of Hormuz are still arriving. After that, the spigot runs dry — and 20% of global LNG supply disappears.
TEPCO's Kashiwazaki-Kariwa plant is back online after a cracked part triggered a false alarm. The restart matters more for Japan's energy policy than the glitch suggests.
The average American household stands to spend $740 more on gas this year — almost dollar-for-dollar what they gained from Trump's tax cuts. Four straight weeks of stock losses suggest the damage is just getting started.
Saudi oil officials project crude past $180 if Iran war disruptions last through April. With Iraq under force majeure and Kuwait refineries burning, the gap between posted prices and what buyers actually pay suggests the crisis is already worse than the headline numbers.
The U.S. is at war with Iran and just gave it a $14 billion oil payday. Treasury says the money won't reach Tehran. Sanctions experts say that's bananas.
A California jury found Elon Musk liable for misleading Twitter investors with two tweets that tanked the stock nearly 18%. Damages could hit $2.6 billion — pocket change for a man worth $650 billion, but a landmark verdict nonetheless.
OpenAI wants to nearly double its headcount to 8,000 — but with businesses 70 percent more likely to pick Anthropic for new AI contracts, the hiring spree looks less like growth and more like defense.
Jay Powell accepted an award named after the Fed chair who broke inflation by ignoring a president — then used the speech to signal he isn't going anywhere. His term ends May 15. The DOJ probe keeping him in place was launched by the administration that wants him out.
Beijing just announced the largest rare earth discovery in over 50 years — plus massive fluorite and baryte deposits — weeks after Washington pitched 54 countries on a minerals trading bloc to counter Chinese dominance.
The world's energy watchdog just published a 10-point plan telling you how to commute, cook, and fly. It estimates the measures could cut oil demand by 2.7 million barrels a day — if billions of people cooperate.
Iraq just told BP, ExxonMobil, and every other foreign operator that their contracts are suspended — not because of politics, but because the Strait of Hormuz is closed and the oil has nowhere to go. The legal infrastructure of global oil trade is cracking.
The same week U.S.-Israeli strikes hit Natanz, Washington and Tokyo signed a $40 billion deal to build small modular reactors in Tennessee and Alabama. For Japan, it's not about irony — it's about 90% of its oil supply sitting behind an Iranian chokepoint.
Madrid is cutting fuel VAT, freezing butane prices, and subsidising petrol at €0.30 a litre — all to absorb an oil shock it didn't start. The question isn't whether €5 billion is enough. It's whether Europe's treasuries can survive the next round.
Brent crude touched $119 this week after trading at $111 just days ago. Saudi officials say $180 is next if the Strait of Hormuz stays closed past April.
The US is bombing Iran and selling its oil in the same week. Treasury says 140 million barrels will hit global markets — enough to cover about a day and a half of world demand. The 30-day window expires April 19, and nobody's saying what comes next.
A San Francisco jury says Musk's tweets defrauded Twitter shareholders to the tune of $2.6 billion. His lawyers call it a 'bump in the road.' His balance sheet suggests otherwise.
Both the Dow and Nasdaq traded in correction territory intraday before closing just shy of the 10% threshold. The Russell 2000 wasn't so lucky.
A San Francisco jury found Elon Musk liable for depressing Twitter's stock price with misleading tweets before his $44 billion acquisition. Plaintiffs' attorneys say damages could reach $2.6 billion — but the jury cleared him of scheming to defraud.
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Maynard Keys