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Renewed Hormuz hostilities drive ECB rates rethink amid ‘extremely
Christine Lagarde, president of the European Central Bank (ECB), speaking at the ECB Forum in Sintra, Portugal on July 1st, 2026.CNBCSeveral consecutive days of strikes exchanged between the U.S. and Iran have once again thrown oil…
Is Hormuz open? Trump’s toll threat intensifies rush to bypass the Strait
Vessels in the Strait of Hormuz near the beach of Bandar Abbas, Iran, June 11, 2026. Amirhosein Khorgooi/isna | Via ReutersPresident Donald Trump's threat to impose a 20% fee on cargo passing through the Strait of Hormuz and renewed…
UN maritime agency opposes Hormuz fees after Trump demands protection money
The International Maritime Organization, a United Nations agency, said Monday that it opposes transit fees in the Strait of Hormuz after President Donald Trump demanded that ships pay protection money."We have always been consistent on…
Clean power comeback? Don’t count out renewable energy and this one stock
POWER POINTWhat I'm hearing from energy insidersFirst and foremost, I hope that everybody had a wonderful 4th of July holiday and celebrated the 250th birthday of this amazing nation. As the celebrations ended and this week began, we…
The volatile AI trade marched higher, but oil kept Wall Street on edge last
Wall Street's record-setting start to the week ran into two familiar sources of volatility: the artificial intelligence trade and oil. The Dow Jones Industrial Average on Monday closed above 53,000 for the first time ever before renewed…
Best states for AI data centers 2026
Say what you will about whether artificial intelligence is good for humanity. It is undoubtedly worth billions of dollars — and then some — to the states that can attract AI business.AI is a massive consumer of electricity, water,…
Hormuz tanker traffic falls after Iran attacks trigger fighting with U.S.
Oil tanker traffic through the Strait of Hormuz has slowed after Iranian attacks on three commercial ships this week pushed the Persian Gulf to the brink of a renewed war. Thirteen tankers crossed Hormuz on Wednesday compared with an…
Iran tanker attacks challenge U.S. Navy protected route in Hormuz
An Islamic Revolutionary Guard Corps (IRGC) speed boat is sailing along the Persian Gulf near a general cargo vessel during the IRGC marine parade, which is commemorating the Persian Gulf National Day, near the Bushehr nuclear power…
TeraWulf shares soar after Anthropic leases data center in Kentucky
Anthropic on Monday signed a 20-year lease to use a TeraWulf data center in Kentucky. The data center, located about an hour southwest of Louisville in Hawesville, will have capacity of around 400 megawatts with first power delivery…
KKR, SK Inc launch Korea’s large renewable energy venture amid AI, chip
AI data center solutions at the SK Telecom Co. booth in the World IT Show in Seoul, South Korea, on Wednesday, April 22, 2026. SeongJoon Cho | Bloomberg | Getty ImagesU.S. private equity giant KKR will take management control of a new…