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16.03.26 - 15:36
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Oil company shares soar to all-time highs as Middle East war turbocharges price per barrel (The Guardian)
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Energy supply shock from US-Israeli attack on Iran fuels record valuations for Shell, ExxonMobil and ChevronBeyond the strait: why attacks on Kargh Island could keep oil prices highShares in big oil companies have soared to all-time highs since the war in Iran began and sparked historic price rises on global oil and gas markets.The combined market value of the six stock market-listed western “super majors” has soared by more than $130bn in the two weeks since the first US-Israeli attacks on Iran. Continue reading......
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16.03.26 - 15:15
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Starmer Vows UK Won′t Be Drawn Into Wider War In Middle East, Hormuz Crisis ′Not A Simple Task′ (ZeroHedge)
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Starmer Vows UK Won't Be Drawn Into Wider War In Middle East, Hormuz Crisis 'Not A Simple Task'
British Prime Minister Keir Starmer spoke to President Trump on Sunday night, with Starmer on Monday describing that the two leaders discussed events "in the way that you would expect between two allies and two leaders" and he had a "good relationship" with the US president.
His articulation of an apparently positive and frank talk comes while he trying to dismiss suggestions the relationship with Britain's key ally had been damaged due to the Iran war.
President Trump has been very clearly making the case that European and NATO countries must back his effort to unblock global oil transit in the Strait of Hormuz
However, Starmer has made clear to his domestic population that the UK won't be dragged into a wider war with Iran, even as London tries to figure out what role in might play in any US-led Hormuz plan.
"Ultimately, we have to reopen the Strait of Hormuz to ensur...
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16.03.26 - 11:01
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Iran war casts shadow over Middle East AI investments (The Hill)
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The U.S. war with Iran is spilling out across the Middle East, putting AI infrastructure at risk and increasingly raising questions about large-scale investments by American tech firms in the region. Industry leaders have committed billions of dollars to delivering chips and building data centers in wealthy Gulf nations like Saudi Arabia and the United......
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