Global energy flows depend on a handful of strategic maritime corridors. The Strait of Hormuz alone carries about 20 million barrels of crude per day, while the Strait of Malacca moves even larger volumes toward Asian markets. Disruptions across these chokepoints can quickly ripple through global energy prices and supply chains.
President Donald Trump said he will soon decide whether to lift sanctions on Chinese firms purchasing Iranian crude oil.
The new pipeline, expected to begin operations in 2027, will expand the export capacity of Abu Dhabi National Oil Company, commonly known as ADNOC.
One year ago, the Chinese battery giant CATL announced that it had redefined the limits of electric cars by creating a battery that could power a vehicle for 320 miles on a 5-minute charge.
According to Labor Department data, prices for food consumed at home rose 2.9% from a year earlier, the highest annual increase since August 2023. Restaurant and prepared meal prices also climbed, pushing overall food inflation to 3.2%.
Voters in Kentucky’s 4th Congressional District will decide whether Massie survives a challenge from Trump-backed candidate Ed Gallrein, a former Navy SEAL and farmer personally encouraged by Trump to enter the race.
In an interview with Fortune, Trump recalled asking Intel CEO Lip-Bu Tan for 10% ownership in the company “for free” in exchange for government support
Videos posted online showed fights, heavy crowding and police intervention at several locations.
