After the US and Israel struck Iran with a series of air strikes on Saturday, triggering immediate retaliation, oil prices could jump by $10 to $20 or more.

After the US and Israel struck Iran with a series of air strikes on Saturday, triggering immediate retaliation, oil prices could jump by $10 to $20 or more.

The US and Israel launched a joint operation at Iran on Saturday morning. Israel retaliated as it had threatened, with explosions reported in the United Arab Emirates, Qatar, Bahrain and Kuwait, risking a wider conflict across the region.View on euronews

Novo Nordisk, Denmark’s fat jab pharmaceutical giant, reached an unwelcome milestone last week.

Iran sits on one side of the Strait of Hormuz, the shipping lane for about a fifth of the world’s crude from key suppliers including Saudi Arabia and Iraq. Oil markets are closed for the weekend, and there was no initial information on whether the attack

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Global energy markets anticipate extreme volatility and a sharp \\

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American AI company Anthropic has until 5:01 pm ET to give in to the Pentagon’s demands or face being labeled a “supply chain risk,” a type of designation usually reserved for companies thought to be extensions of foreign adversaries.

April WTI crude oil (CLJ26 ) on Friday closed up +1.81 (+2.78%), and April RBOB gasoline (RBJ26 ) closed up +0.0318 (+1.41%). Crude oil and gasoline prices rallied sharply on Friday, with crude posting a 7-month high and gasoline posting an 8-month high.

Limited spare capacity, declining upstream investment, sanctions disruptions, and resilient non-OECD demand suggest the real risk is not excess oil

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