Category
Global
Stories and analysis from The Business Now newsroom.
Commodities
Iran Considers European Role in Strait of Hormuz—What It Means for Global Oil Prices
Iran Considers European Role in Strait of Hormuz — What It Means for Global Oil Prices Iran is weighing a possible European role in efforts to restore shipping through the Strait of Hormuz, adding another layer to increasingly complex negotiations over the strategic oil chokepoint. Any arrangement that gives European countries a role in securing...
Business
Marco Rubio Says No Final Decision on Strait of Hormuz Yet — What It Means for Global Oil Markets
Marco Rubio Says No Final Decision on Strait of Hormuz Yet — What It Means for Global Oil Markets U.S. Secretary of State Marco Rubio says negotiations over the Strait of Hormuz are making progress, but no final agreement has been reached yet. The uncertainty is keeping global oil markets on edge, even as crude...
Business
Oil Drops Near $80 as Strait of Hormuz Reopening Sparks Major Market Shift
Oil Drops Near $80 as Strait of Hormuz Reopening Sparks Major Market Shift Oil prices are sliding sharply as hopes for a U.S.-Iran agreement and a possible reopening of the Strait of Hormuz ease fears of prolonged supply disruption, sending a fresh shock through global energy markets. Brent crude fell about 4% on Tuesday, reaching...
Global
U.S. Army Operations in the Middle East Show Continued Focus on Air Defense, Mobility and Readiness
U.S. Army Operations in the Middle East Show Continued Focus on Air Defense, Mobility and Readiness The U.S. Army continues conducting a range of operations and readiness activities in the Middle East, with recent official imagery showing soldiers working with Patriot air-defense systems, THAAD equipment, helicopters, artillery, communications systems and logistics assets. The imagery was...
Global
Nauru Officially Changes Its Name to Naoero in Major Cultural Identity Shift
Nauru Officially Changes Its Name to Naoero in Major Cultural Identity Shift The Pacific island nation formerly known as Nauru has officially changed its name to the Republic of Naoero, returning to a traditional name used in the country’s indigenous language. The change was approved through a constitutional amendment passed by Nauru’s Parliament in May...
Commodities
Iran War Tragedy Puts Pete Hegseth Under Growing Pressure as GOP Confidence in Defense Chief Erodes
Iran War Tragedy Puts Pete Hegseth Under Growing Pressure as GOP Confidence in Defense Chief Erodes Defense Secretary Pete Hegseth is facing mounting political pressure as the U.S. war with Iran continues, with concerns over the conflict’s duration, military leadership decisions and civilian casualties increasingly putting his Pentagon leadership under scrutiny. The latest controversy comes...
Global
Ceuta Border Crisis Explodes as 60,000 Migrants Enter Spain and Dozens Die in Chaotic Breach
Ceuta Border Crisis Explodes as 60,000 Migrants Enter Spain and Dozens Die in Chaotic Breach A dramatic migration crisis has unfolded in Ceuta, Spain’s small North African enclave, after a huge surge of migrants attempted to enter Spanish territory from neighboring Morocco, overwhelming local authorities and triggering the deployment of Spanish military and security forces....
Global
France Wildfires Threaten Bordeaux Wine Country as Extreme Heat Raises Alarm for Vineyards and Communities
France Wildfires Threaten Bordeaux Wine Country as Extreme Heat Raises Alarm for Vineyards and Communities France is facing another serious wildfire threat as fast-moving fires spread through parts of the country, putting communities, forests and one of the world’s most important wine-producing regions under growing pressure. The latest concerns are particularly significant around Bordeaux and...
Business
ExxonMobil Stock Is Surging — But Is XOM Still a Buy After Its Massive Run?
ExxonMobil Stock Is Surging — But Is XOM Still a Buy After Its Massive Run? ExxonMobil (NYSE: XOM) has become one of Wall Street’s biggest energy stories after a powerful run in 2026, with investors watching the oil giant closely ahead of its latest earnings report. The stock story is especially interesting because XOM combines...