JPMorgan Cites Shipping Bottleneck as Oil Prices Stay High
JPMorgan warns that a shortage of oil tankers is driving up shipping costs and keeping oil prices high despite ample supply.
JPMorgan warns that a shortage of oil tankers is driving up shipping costs and keeping oil prices high despite ample supply.
Russian satellites shadowed a Finnish satellite; Germany warns similar tactics could affect Starlink and civilian users.
Bitcoin rose to $83,864 after Trump declared an energy ceasefire between Russia and Ukraine, wiping out $70M in short positions. Oil markets haven't responded…
Treasury Secretary Scott Bessent says U.S. authorities will seize $1 billion in cryptocurrency from Iran, saying sanctions are working.
The Breakwave Tanker Shipping ETF (BWET) is up 5,157% in 2026, tracking supertanker freight rates that soared after Hormuz disruptions, though risks remain.
Solana bounced back with crypto after Trump said the US would not attack Iran before the midterms; watch 97.00 support and next week's CPI.
Crude oil retreated as Trump ruled out US strikes on Iran, prompting traders to unwind the geopolitical risk premium. Iran's response remains the focus.
Bitcoin rebounded after Trump said US engaged in productive talks with Iran, easing geopolitical tensions.
Gold reversed its weekly loss after Trump denied plans to strike Iran ahead of midterms, boosting the metal's outlook.
SpaceX agreed to buy a nationwide low-band spectrum portfolio, sending Verizon, AT&T and T-Mobile shares down about 6% each in after-hours trading.
Switzerland tops UVA's Global Capitalism Index; capitalist conditions have declined worldwide since 2009.
US commanders are ready to launch a three-day campaign against Iran's energy, missile, and command targets within days if President Trump approves.
Oil rose about 4% Thursday on Middle East tensions and Gulf storm shut-ins; gains pared after Trump ruled out pre-midterm Iran strike.
Unconfirmed Arab sources report multiple severe explosions in the Strait of Hormuz, targeting a tanker.
Trump said the US will not attack Iran before the November 3 midterm elections, easing oil market concerns.