Page 8 - Bloomberg

West Asia crisis: Oil market chaos to deepen as more Gulf giants cut output

For oil analysts, executives and traders, that has meant ever-louder warnings that the war is bringing crude to a tipping point, and closer to the psychological $100-a-barrel threshold

Pakistan, Saudi Arabia discuss joint measures to counter Iranian attacks

Munir and Saudi's defence minister discussed the gravity of the security situation accruing from Iranian drone and missile attacks on the Kingdom and joint measures needed to halt them

US offers $20 bn reinsurance plan to revive shipping in Strait of Hormuz

The strait carries about a fifth of global oil flows, as well as gas, fertilizer and other products

Iran continues strikes on Arab states, global oil supply shock deepens

Iran's strikes continued even after its President Masoud Pezeshkian said he had instructed the military not to attack any nation that isn't striking the Islamic Republic

Bank of England may be wary of looking past another energy price shock

Markets are all but ruling out a rate cut this month that had looked like a done deal prior to the war on Iran, and traders now put the chance of any easing at all this year at around 50-50

Explosion at US embassy in Oslo causes minor damage, no injuries reported

The police said there is a huge deployment of its officers at the site and investigators are in contact with the embassy

OpenAI's head of robotics resigns over company's deal with Pentagon

Kalinowski joined OpenAI in November 2024 as a member of the company's technical staff in robotics after leading development of augmented reality glasses for Meta

6 arrested after explosive devices tossed near NYC Mayor Mamdani's house

New York City Police Commissioner Jessica Tisch said two of the individuals arrested were accused of handling and igniting improvised explosives

Kuwait cuts oil, refinery output as Strait of Hormuz remains blocked

The country, like its Gulf neighbors, has been heavily targeted by Iranian missiles and drones in an expanding war in the region

Pakistan, Saudi discuss security measures after Iran strikes in Gulf

Field Marshal Asim Munir met Khalid bin Salman in Saudi Arabia, according to a statement from the Pakistan military's press wing on Saturday

US FDA vaccines chief Vinay Prasad set to leave his post next month

FDA Commissioner Marty Makary thanked Prasad for his service in a post on X late Friday, noting his division hit a record number of approvals in December

Queues, price hikes and shortages as Asia battles worsening fuel crunch

Despite oil prices staying relatively contained amid the crisis, with traders warning of $100 crude, the impact is already being felt across Asia, the world's largest energy-consuming region

Iran strikes key US THAAD radar, deepening Gulf missile defence woes

US Terminal High Altitude Area Defence, or THAAD, units are meant to destroy ballistic missiles at the edges of the atmosphere, enabling them to engage more difficult threats

Musk's spam concern was 'confusing': Ex-Twitter executives tell court

Two days of testimony from Agrawal and Segal pushed back on Musk's own recollection that he was always committed to the deal, but believed that Twitter had lied to him about per cent of spam accounts

Oil nears tipping point as Hormuz traffic halts; traders warn of $100 crude

Some barrels from US are fetching their biggest premium since 2020, and value of major Norwegian grade, which moves almost lockstep with Brent, has gained more than $5 on the benchmark this week

US may 'unsanction' more Russian oil after allowing India to buy: Bessent

US Treasury allows India to buy Russian oil already en route, signalling possible easing of sanctions on other Russian oil to address global supply gaps, says Scott Bessent

SoftBank seeks up to $40 billion loan to finance major OpenAI investment

The Japanese company, which held about 11 per cent in OpenAI at the end of December, has unloaded assets including its stake in Nvidia Corp., to bankroll its growing bet on OpenAI

Sentiment shift: Global funds pull money from Asia at fastest pace in years

Funds have sold net $11 billion of shares in developing Asia, excluding China, this week

Jio Platforms IPO delayed amid regulatory limbo over listing rules

Ambani said in August that Reliance was aiming to list Jio in the first half of 2026, a plan he had first signaled 2019 - back then with a five-year timeline

Indian refiners move quickly to buy Russian oil after US relaxes curbs

There's around 15 million barrels of Russian crude on tankers in the Arabian Sea and the Bay of Bengal, while vessels carrying another 7 million are idling near Singapore