As the US-Iran memorandum of understanding took effect, the Strait of Hormuz entered a reopening phase on Thursday, with stranded tankers gradually activating their AIS signals and transiting the strait. Vice President Vance stated that more than 12 million barrels of crude oil had passed through “overnight.” However, mines remain in the middle of the
Strait of Hormuz Reopens as US-Iran MOU Takes Effect Read More »
Goldman Sachs recently lowered its 2026 year-end gold price forecast by $500 per ounce, as the Fed is not expected to cut interest rates again this year. In recent years, the Wall Street giant has been one of the most steadfast and high-profile bullish voices in the gold market. This downward revision to the gold
Goldman Sachs Cuts 2026 Year-End Gold Price Forecast by $500 Read More »
Following the US-Iran agreement aimed at the full reopening of the Strait of Hormuz, Iraq has asked operators of its five major oil fields to raise production to pre-war levels, targeting an output exceeding 3 million barrels per day. According to documents seen by the media, Iraq’s state-owned Basra Oil Company has requested the five
Iraq Asks Five Major Oil Fields to Boost Output to Pre-War Levels After US-Iran Deal Read More »
Over the weekend, the United States and Iran once again offered conflicting statements regarding passage through the Strait of Hormuz. U.S. President Donald Trump issued a fresh warning, stating that if a final agreement with Iran is not reached within 60 days, the United States will impose transit tolls on the Strait of Hormuz. Representatives
US and Iran Dispute Hormuz Tolls as Talks Resume Read More »
At the 2026 BIO International Convention, SK Biopharmaceuticals and Insilico Medicine announced a research and development collaboration. The two parties will leverage the Pharma.AI platform to discover, design, and optimize novel drug candidates targeting neuroimmune indications. As of press time, Insilico Medicine’s share price had risen by more than 13%. STAR Market Daily, June 22.
