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U.S. military says it aided passage of 660 million barrels of oil through Strait of Hormuz since May●Moldova renewable auction raises questions over ownership transparency●Egypt's reserves hit a record as its central bank's exposure to the state jumps $3bn●Lagos needs N6 trillion annually to fix housing crisis, GTI Capital Research shows●10 tools tested for arthritis and hand weakness by Consumer Reports●OpenAI is gaining on Anthropic among business users, but enterprise AI spending remains volatile●Bill Ackman donated $400 million in Pershing Square stock to fund a new brain research institute●China's onetime richest man has lost everything but creditors are still owed $300 billion●U.S. military says it aided passage of 660 million barrels of oil through Strait of Hormuz since May●Moldova renewable auction raises questions over ownership transparency●Egypt's reserves hit a record as its central bank's exposure to the state jumps $3bn●Lagos needs N6 trillion annually to fix housing crisis, GTI Capital Research shows●10 tools tested for arthritis and hand weakness by Consumer Reports●OpenAI is gaining on Anthropic among business users, but enterprise AI spending remains volatile●Bill Ackman donated $400 million in Pershing Square stock to fund a new brain research institute●China's onetime richest man has lost everything but creditors are still owed $300 billion●

Commodities

Oil Bulls Take Control as Iran Deal Collapses and Hormuz Stays Restricted

Oilprice.com · 1h ago · 🇺🇸 United States

Oil Bulls Take Control as Iran Deal Collapses and Hormuz Stays Restricted

October WTI crude oil futures are trading at $86.31 late Thursday, up $4.82 or 5.91% for the week. The contract opened at $81.62, traded as low as $80.80, and reached $87.69. Friday’s session is still ahead, so the weekly result is not final. The market has already made its decision about the week. WTI rallied because the agreement traders were waiting for never appeared. The Strait of Hormuz is still operating far below normal. The ceasefire is finished. No talks are scheduled. Washington and Tehran are moving farther apart, not closer together.…

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