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SpaceX stock extends losses to 11% during trading sessions

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SpaceX stock extends losses to 11% during trading sessions

European Stocks Decline Amid Sell-Off in Automotive and Technology Sectors

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European Stocks Decline Amid Sell-Off in Automotive and Technology Sectors

Reuters apologizes to Dubai for incorrect report

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Reuters apologizes to Dubai for incorrect report

Saudi Foreign Minister affirms Saudi Arabia's support for Jordan against Iranian attacks

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Saudi Foreign Minister affirms Saudi Arabia's support for Jordan against Iranian attacks

American stock funds face outflows amid decline in the chip sector

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American stock funds face outflows amid decline in the chip sector
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Oil prices are on track for the biggest weekly gain since April

Oil prices are on track for the biggest weekly gain since April

Expectations that crude oil will record its biggest weekly gains since April, due to escalating tensions between the United States and Iran, which have caused disruptions in Middle Eastern supplies. The rise in Brent crude prices to above $85, and West Texas Intermediate to around $80 per barrel, reflects the resumption of U.S. strikes on Iranian targets and ongoing fears of traffic disruptions in the Strait of Hormuz—one of the world's most critical oil passages—leading to a decline in Russian exports and a market shortage in the United States and Europe. The crisis has impacted the profit margins of American refineries, which have reached record levels amid rising security tensions and tightening global fuel markets.

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