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Guyana Puts a Refinery at the Heart of Its National Oil Company Plans●Peru’s Water Deficit Puts 8.1 Million Hectares of Farmland at Risk●Textile stock inches close to 52-week high after Nippon Life India's stake buying●Guatemala’s Tax Agency Will Pre-Fill Returns for 305,000 Businesses●King Harald V of Norway dies at 89, son succeeds as King Haakon VIII●Treasury yields tread water with all eyes on Kevin Warsh's Jackson Hole keynote speech●Paraguay’s Sustainable Industry Demands Urgent Central Bank Action Over the Dollar Fall●Peru Declares School Infrastructure Emergency With 31,000 Schools at Risk of Collapse●Guyana Puts a Refinery at the Heart of Its National Oil Company Plans●Peru’s Water Deficit Puts 8.1 Million Hectares of Farmland at Risk●Textile stock inches close to 52-week high after Nippon Life India's stake buying●Guatemala’s Tax Agency Will Pre-Fill Returns for 305,000 Businesses●King Harald V of Norway dies at 89, son succeeds as King Haakon VIII●Treasury yields tread water with all eyes on Kevin Warsh's Jackson Hole keynote speech●Paraguay’s Sustainable Industry Demands Urgent Central Bank Action Over the Dollar Fall●Peru Declares School Infrastructure Emergency With 31,000 Schools at Risk of Collapse●

Commodities

Oil Prices Head for a Weekly Loss Despite Escalating Iran Tensions

Oilprice.com · 4h ago · 🇺🇸 United States

Oil Prices Head for a Weekly Loss Despite Escalating Iran Tensions

Crude oil prices were on course to book another weekly loss despite no sign of any progress being made towards peace between Iran and the United States. At the time of writing, Brent crude was trading at $89.17 per barrel, with West Texas Intermediate at $83.19 per barrel. Brent was down by 5.3% over the week, and WTI was set for a 4.3% decline, Reuters reported earlier today. The price trend is interesting in light of reports from vessel-tracking companies that tanker traffic in the Strait of Hormuz remains much weaker than it was before the war.…

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