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Goldman: Oil Shock Will Hit Jobs

The oil shock will soon show up where it usually does—jobs. Goldman Sachs warned that higher crude prices could cost the U.S. labor market around 10,000 jobs per month through the rest of the year, as elevated energy costs ripple through the broader economy. The hit comes even after accounting for... Далее

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Iran Fortifies Oil Lifeline on Kharg Island Ahead of Potential U.S. Move

Iran has recently bolstered its defenses around Kharg Island, anticipating a possible US move to seize the key oil export hub, CNN reported this week. The island is vital to Iran’s economy, handling roughly 90% of its crude shipments, and has become a focal point in escalating tensions. The Trump... Далее

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Iran’s Gift To the World: 10 Oil Tankers Through Strait of Hormuz

President Donald Trump said Thursday that Iran allowed 10 oil tankers to transit the Strait of Hormuz, describing the move as a “present” and a sign of progress in ongoing negotiations. The comment, made during a Cabinet meeting, offers the clearest indication yet of what the administration had... Далее

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The Iran War Has Already Unleashed a $25 Billion Energy Repair Bill

War in the Middle East has triggered severe global supply disruptions in oil and gas, with reported damage and shutdowns affecting liquefied natural gas (LNG) trains, refineries, fuel terminals and critical gas-to-liquids facilities across the region. According to Rystad Energy’s estimates, energy... Далее

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Record Oil and Gas Output Fails to Shield CNOOC from Market Volatility

Lower oil prices offset a record-high oil and gas production to drag down the 2025 profit of Chinese oil and gas giant CNOOC from a year earlier and below analyst estimates. CNOOC Ltd, China’s top offshore crude oil and natural gas producer, on Thursday reported a net profit of $17.7 billion... Далее