Senior U.S. officials have stated that Washington is demanding a public declaration from Iran to cease attacks on shipping and guarantee open passage through the critical waterway, linking any broader deal to the surrender of Iran's nuclear materials.
Average U.S. gasoline prices rose for the first time in weeks, climbing 6 cents to $3.88 a gallon, as renewed U.S.-Iran conflict boosted crude oil and global refinery disruptions tightened fuel supplies.
Fitch Ratings has affirmed Moody's Corporation's 'BBB+' credit rating and revised its outlook to Positive from Stable, citing the company's robust cash flow, leading market position, and growing diversification.
Biotechnology firm Scribe Therapeutics has submitted a registration statement for an initial public offering on the Nasdaq Global Market under the proposed ticker 'SCTX', with key offering details yet to be announced.
New regulations taking effect October 1 will require businesses in New York City to offer a simple online cancellation process for subscriptions and to disclose all mandatory fees upfront. The move aims to eliminate so-called 'subscription traps' and 'junk fees' that officials say cost families thousands annually.
Russia is reportedly using small, fiber-optic-guided drones to evade jamming and physical defenses, successfully striking high-value electrical substations in Ukraine's Sumy region, according to open-source analysis.
European wholesale natural gas prices fell on Friday after shipping data confirmed that liquefied natural gas tankers are successfully transiting the Strait of Hormuz, allaying immediate fears of a supply cutoff despite heightened military tensions in the Middle East.
The main sea freight index for dry bulk commodities gained on Friday, closing the week up 8.4% as a significant rally in rates for larger capesize vessels offset muted performance in other segments.
UBS maintains a bearish outlook on the EUR/NOK currency pair, projecting a steady appreciation for the Norwegian krone against the euro despite a recent pullback.
