The closure of the Strait of Hormuz, following US-Israeli strikes on Iran, has led to a significant disruption in Middle East oil and gas production. In just over a week, more than 12 million barrels of oil equivalent per day (boepd) of production has been taken offline, according to a Rystad Energy analysis. This includes
For a vast majority of finance teams, their payment stack is something that gets assembled piece by piece over time (say a provider for domestic transfers here, another for cross-border payouts there, a third for FX). And while all of this is fine, by the time the cracks become visible, the operational cost of holding
DocuSign stock price has pulled back in the past few months, and is hovering at its lowest level since December 2023. DOCU was trading at $47 on Friday, down by 56% frm its highest point in December 2024. It has also plunged by over 85% from its highest point during the pandemic. So, will the
Nearly one-third of domestic digital payment transactions in India are now credit-driven, executed through credit cards or EMI-based financing, according to a study analysing transactions across more than 20,000 merchants. The finding reflects a broader shift underway in how Indian households manage money. Credit, once associated largely with buying homes or handling emergencies, is increasingly
The war in Iran and the effective closure of the Strait of Hormuz have turned a critical artery of the global oil system into a chokepoint, driving Brent crude to a high of $106 a barrel in on March 16. Goldman Sachs now expects Brent to average above 100 dollars this month and around 85
The United States is allowing Iranian oil tankers to pass through the Strait of Hormuz even as tensions escalate in the Persian Gulf following attacks on commercial vessels. Treasury Secretary Scott Bessent confirmed the approach in an interview with CNBC on Monday, explaining that Washington has permitted Iranian ships to leave the Gulf to help
Gold prices continued their slide on Monday with the yellow metal briefly falling below $5,000 per ounce due to reduced rate cut bets from the US Federal Reserve. Silver prices on COMEX also fell below $80 per ounce on Monday as concerns about rising inflation due to high crude oil prices weighed on sentiments. The
Oklo stock price has slumped to its lowest level since July 2025. It has tumbled from last year’s high of $194 to $58, with its market capitalisation dropping from over $24 billion to $9.12 billion. Its short interest has jumped to 13%, with focus turning to its upcoming financial results. Oklo has made progress, but
US stocks opened higher on Monday as Wall Street attempted to rebound from a difficult week, while oil prices retreated after a sharp rally driven by escalating tensions in the Middle East. The Dow Jones Industrial Average climbed 305 points, or 0.66%, while the S&P 500 gained 0.9%. The Nasdaq Composite advanced 1.15%. The gains
Michael Saylor’s Strategy (previously known as Microstrategy), the world’s largest publicly traded holder of bitcoin, expanded its cryptocurrency reserves again last week, purchasing more than $1.5 billion worth of bitcoin in one of its largest acquisitions on record. According to a filing with the US Securities and Exchange Commission on Monday, the company bought 22,337