PARIS (AP) — The Dakar Rally in January will start in Portugal and finish in Morocco after being moved from Saudi Arabia because of the Middle East conflict.
Organizers announced the new route on Friday. They canceled the race in Saudi last weekend but reaffirmed it will return to the kingdom in 2028.
The Dakar, the world's biggest off-road race, returns to Africa for the first time in 20 years.
It will run from Jan. 9-23. The Algarve will hold the prologue and first stage and Morocco will hold the other 11 stages, going as south as outside Dakhla with a return north to finish in Marrakech.
Organizers said the route was 7,824 kilometers with 4,341 of those special stages, which was close to recent editions. Each special will range from 350 to 500 kilometers.

#dakar #race #hold

Spike Lee came out in support of Nolan Wells and his family. The filmmaker shared a "do the right thing" inspired image to support Wells amid his family's ongoing efforts to seek a federal investigation.
Spike Lee took to Instagram to share a post supporting Nolan Wells. He shared a photo of himself wearing a ring that reads "Nolan Wells." Lee's post was inspired by his 1989 film Do the Right Thing, which explores tension, injustice, and conflict. His post came as Nolan Wells' family continued calling for a federal investigation into the case amid racial tensions surrounding his death.
Following his post, the internet was quick to react, with many users coming up in support of Wells. One user said, "One of the best movies of all time. Thank you, Spike!" Another user wrote, "I'm Chip tha Ripper, and I approve this message ?." One user commented, "Another injustice and senseless loss. The fact that his family will never have true peace is horrific."
Another Instagram user said, "Nolan Wells was LOVED, but it hurts to think the people he called FRIENDS couldn't show him that same love. His name will never be forgotten. #????️."
Lee is not the only public figure to support Wells. The case also drew attention from Donald Trump. When a White House reporter asked Trump about Wells' family demanding a federal investigation, he said, "Well, we're looking at that. Yes, we are." (via The Guardian)

#support

Meghan Markle and Prince Harry are allegedly "wildly unhappy," but their marriage is not the biggest problem. A royal commentator recently claimed the couple was not happy during their time in California. He also stated the duo has different passions, which strain their relationship.
Meghan Markle and Prince Harry reportedly clash over what makes them happy (via The Daily Beast). Founder of Celebrity Intelligence, cultural commentator Dan Wakeford, told The Royalist's Tom Sykes, "The 'wildly unhappy' came not from within their relationship in their life right now. It was their life in America they were wildly unhappy about."
"They were wildly unhappy with how things had gone, and they hadn't gone how they expected. I don't think they could find—think of a way out of that. And so it's very interesting," he added.
He further said that while the return to the UK has made Harry happier, the same is not true for Meghan Markle, a Los Angeles native. He explained, "The problem with this couple is you have two people with completely different goals in life and geographical, like, homes."
Wakeford said that according to his sources, the Sussexes are "very much in love," but they conflict on what true happiness looks like for either of them. "They're not on the same page with where they're going in life, whether that's living in England or living in America, whether that is philanthropy or a glamorous Hollywood lifestyle brand," he said.

#meghan #unhappy #prince #wakeford

Relatives of some soldiers killed in the Iran war joined dozens of Gold Star families from prior U.S. conflicts Tuesday at the White House, where President Donald Trump offered words of comfort and candles were lit for the fallen service members, according to one of the widows who attended.
Not all families of the six soldiers killed March 1 in the deadliest attack of the Iran war opted to attend. Troops who survived the attack have raised questions about why they were stationed at a site that didn't have sufficient air protection and was viewed as a likely target.
Michelle Tietjens and other relatives have said they are angry the Army still hasn't answered questions over whether enough was done to protect their loved ones. But Tietjens and her teenage son traveled from Bellevue, Nebraska, to attend the event to honor her husband, Master Sgt. Noah Tietjens, who was killed along with five other Army Reserve soldiers by an Iranian drone strike in Kuwait.
"I decided to go originally because my son wanted to go," Tietjens said. "But then I wanted to see what it was about as well. I wanted to also go to support my husband's memory."
She said they toured several rooms of the White House and took a photo with Trump and the first lady, Melania Trump. Tietjens said the president told them that he wished he had her teenage son's full head of curly hair.

#soldiers #wanted #House

Carey Mulligan and Marcus Mumford raised $7.65 million on Sunday night in Los Angeles for Children in Conflict, a nonprofit organization dedicated to protecting, educating and providing mental health support to children living in war zones and high-conflict areas.
The couple hosted their annual star-studded Wassail benefit for the first time in Los Angeles. Previously held in London and New York, the evening took place at the El Rey Theatre.
More from Variety
Marisa Tomei and Rosanna Arquette to Star in 'This Is Crazy' NAMI Benefit in Memory of Chris Huvane
Riley Keough and Director Clay Tweel Board First Responder Psychedelic Therapy Doc 'Under Fire' as Executive Producers (EXCLUSIVE)

#conflict #first #carey #mulligan

A recent report suggests that Prince Harry and Meghan Markle are ready to reconcile with Prince William and Kate Middleton. The update comes after Harry and Markle returned to the UK. Since their arrival, Harry's estranged brother William and his wife, Middleton, have not released a statement welcoming the Sussexes.
Insiders recently said Prince Harry and Meghan Markle are reportedly planning a meeting with Prince William and Kate Middleton. The move is also being seen as the first step for the Sussexes to reconcile with William and Middleton.
A source told Heat World that the Sussexes "feel it's time for a new summit with William and Kate – and that with all four of them in a room, they could start a very productive and healing conversation." Moreover, the insider said Harry and Markle are willing to take the step, as the former "really wants to see his brother and make peace with him."
On the other hand, Markle reportedly wants to feel welcomed in royal circles and repair her relationship with Middleton.
The insider also claims the update follows the release of Charles Spencer's book about his sister, Princess Diana, which has created a buzz among the royal family. They also said Markle has conveyed that she would not bring up any past conflicts with Middleton during the meeting, as "she just wants Harry to be in a room with his brother." However, a concrete statement regarding this much-anticipated meetup has not been released by either party.

#middleton #harry #prince #kate

Dana White has a lot of haters, but it was surprising to find out that his mother was one of them.
June White shocked the MMA world back in 2011 when she released an unauthorized biography on her son ****** led 'Dana White: King of MMA.' The 152 page book was full of all sorts of accusations: that White and his wife got into physical conflicts regularly, that he 'puts Tiger Woods to shame' regarding infidelity, and that he'd slept with his sister-in-law.
All unproven claims, and all a part of what White now says was part of a scheme to get money out of him to buy a bar. In a new interview with The Diary of a CEO, White addressed his mother's book in-depth for the first time.
"I was on a trip one time, I didn't have emails or any of that s–t on the road," White said. "We were in London for like two weeks and when I got back I checked my emails and I had like a bunch of emails from her threatening me: 'You have two options: you can give me this all upfront, or you can pay me in payments over the next f–king whatever. I'm looking to buy a bar or whatever it was.'"
"And then she wasn't getting responses because I was in London, and then the emails started getting nastier and nastier and nastier," White continued. "And I f–king just blew up. That was the beginning of the end with me and her."

#emails #king #back

WASHINGTON (AP) — The U.S. military said it attacked a boat suspected of being used to smuggle drugs in the Caribbean Sea on Sunday, killing four people, as the Trump administration continues its yearlong campaign against alleged traffickers in Latin America.
The latest attack brings the number of people who have been killed in boat strikes by the U.S. military to at least 235 in 70 strikes since the Trump administration began targeting those it calls "narcoterrorists" in September 2025. As with most of the military's statements on strikes in the eastern Pacific Ocean and Caribbean Sea, U.S. Southern Command said it targeted the alleged drug traffickers along known smuggling routes.
The military did not provide evidence that the vessel was ferrying drugs. A video posted on X showed what appeared to be an explosion destroying a moving boat, which the military said was a go-fast vessel.
The Trump administration is pursuing deals with allied nations to extend its offensive to land across multiple Latin American countries. Defense Secretary Pete Hegseth said during a visit to Panama in August that Colombia, Guatemala and Honduras had agreed to allow the U.S. to carry out joint military operations against criminal groups on their soil. Guatemala denied reaching such a deal. Ecuador launched similar missions with the U.S. in March.
President Donald Trump has said the U.S. is in "armed conflict" with cartels in Latin America and has justified the attacks as a necessary escalation to stem the flow of drugs into the United States and fatal overdoses claiming American lives. But his administration has offered little evidence to support its claims of killing smugglers.

#boat #caribbean

Iran's top diplomat insisted on Sunday that there would be no military solution to the United States' war against the Islamic republic, with talks on ending the conflict apparently at an impasse.
A campaign of heavy bombardment failed to bring a decisive close to the war launched by the US and Israel in late February, and Washington in recent weeks has dialled back military operations in favour of economic pressure.
The main point of contention remains Iran's attempt to blockade the Strait of Hormuz, a vital conduit for Gulf oil and gas where a UK maritime agency reported on Sunday another tanker struck by an unknown projectile.
"If our enemies again choose the path of military confrontation, our response will be stronger than before, and we will defend ourselves with even more force," Iranian Foreign Minister Abbas Araghchi said at a gathering of foreign ambassadors.
"There is no military solution, nor any solution based on new sanctions," he continued, adding "only negotiations based on justice and fairness" could end the conflict.

#sunday #Israel

In a first for the Kennedy Center Honors, the annual event will not take place at the John F. Kennedy Memorial Center for the Performing Arts this year. Instead, the 49th Kennedy Center Honors will be held at Capital One Arena in downtown Washington, DC, a venue with a significantly larger capacity of 20,000. Deadline reports that the ceremony will happen off-site on December 7, with the event's broadcasting partner to be announced later, according to a center spokesperson. The venue change isn't especially surprising. The center has been the subject of dispute for the past couple of years thanks to self-appointed chairman Donald Trump, who threatened to demolish the building unless his name was added to the exterior. His name was added in December 2025, and the addition has been consistently challenged in court for legal reasons. After a judge ruled that he couldn't just slap his name on the front of it, the waterfront center's main building was abruptly closed to the public because of purported structural damage and safety concerns that prompted renovations.
At the 2025 event, which was hosted by Trump, George Strait, KISS, Michael Crawford, Gloria Gaynor, and Sylvester Stallone were honored for their lifetime achievements in the arts. The CBS broadcast of the awards hit an all-time low in ratings, according to TheWrap. The honorees for this year's Kennedy Center Honors haven't been announced yet. Maybe Tom Cruise, who reportedly declined the honor last year due to scheduling conflicts, might get a second chance this time.

#arts

US bond yields have surged upward over the past month, as yields on both the 10-year Treasury (^TNX) and 30-year Treasury (^TYX) have reached levels not seen since 2002, surpassing 2007 high-water marks in the lead-up to the financial crisis.
Investors have attributed the run-up in yields to a variety of concerns, from the artificial intelligence build-out and the competition for capital to changing foreign ownership of gold versus fixed income.
Read more: How soaring Treasury yields could hit your finances
One overlooked source of upward pressure, argued Macquarie's Thierry Wizman, is not just the impact of the Iran war on the energy market but uncertainty about when the war will end or what the conflict will look like going forward.
"The perception that global conflict is endemic may also be causing long-term inflation expectation[s] to stay elevated," Wizman wrote to clients.

#conflict

Halle Berry and ex-husband Olivier Martinez attended "co-parenting therapy" for their son Maceo in 2024, PEOPLE can confirm
Court documents outlined individual meetings followed by six joint sessions with a coach selected by the former couple
Berry's fiancé Van Hunt was permitted to participate in the sessions, which came years ahead of Martinez filing for sole custody of Maceo and alleging abuse
Halle Berry and ex-husband Olivier Martinez attended "co-parenting therapy" two years ago.
In May 2024, the Crime 101 actress and Martinez, both 60, agreed to "co-parenting therapy" with a coach to "resolve disputes and conflicts between them in an effort to successfully co-parent" their then-9-year-old son Maceo, according to court documents obtained by PEOPLE.

#parenting #husband

WASHINGTON (AP) — The U.S. military is dispatching roughly 9,000 troops aboard a group of ships to the Middle East, a U.S. official said Thursday. The bolstering of the American military presence comes as President Donald Trump warned anew that new strikes against Iran could be on the horizon.
The troop movement, which includes a third aircraft carrier, underscores the rapidly evolving dynamic of Trump's war against Iran as he ponders his next move, with midterm elections in the United States looming large and new signs that the nature of the conflict may be becoming more complex.
Trump has threatened that a post-midterm election escalation — despite his initial promises to Americans of a campaign that would last a matter of weeks — remains a viable option. Further complicating matters, Trump told reporters Thursday that early indications suggest that Iran is linked to the FlyDubai co-pilot who stabbed his captain and tried to crash an Israel-bound flight on Wednesday.
In an exchange with reporters at the White House, Trump raised the connection when asked by a reporter if there were any links between the pilot behind the attack and Tehran.
"I would say the answer, based on what I'm hearing, is 'yes,' but we're working on it right now," Trump said, without offering details.

#military #reporters #washington #middle

Prince Harry stepped out in London for a gala supporting Ukraine amid the ongoing war there
The Duke of Sussex, dressed in a black bow tie and tuxedo, gave a speech at the event
Harry has made several trips to Ukraine in recent years, with much focus on supporting veterans and the wounded
Prince Harry made a surprise outing in support of Ukraine.
The Duke of Sussex, 42, stepped out at the United for Freedom gala at the Imperial War Museum in London on Oct. 1. The fundraising event was held to benefit charities supporting Ukraine amid the ongoing conflict in the country.

#supporting #prince #amid

WASHINGTON (AP) — The Supreme Court on Thursday agreed to review a Trump administration policy denying bond hearings for immigrants as the government carries out a sweeping crackdown.
The justices will consider whether immigrants who have been living in the U.S. have a right to a hearing to determine if they should remain detained while challenging their possible deportation.
The case will test a key pillar of the Trump administration's hard-line immigration agenda.
Most appeals courts to have considered the issue have found that it violates federal law to detain immigrants, including those living in the U.S. illegally, without a bond hearing. Those decisions conflict with rulings by the 5th and 8th circuits, which held that immigrants accused of illegally entering and remaining in the U.S. must be detained while their deportation cases are pending.
The high court agreed to hear the case of Ricardo Aparecido Barbosa da Cunha, a citizen of Brazil. Authorities say he entered the United States illegally two decades ago and applied for asylum in 2016. He sought a bond hearing after an immigration judge determined that his detention was mandatory following his September 2025 arrest.

#Trump

By Jana Choukeir and Doina Chiacu
DUBAI/WASHINGTON, Sept 20 (Reuters) - Iran and the United States exchanged new threats on Sunday, with President Donald Trump warning Iran would fail economically or face its leadership being wiped out if it didn't make a deal, and the Iranian ‌military saying it would retaliate harshly to any fresh attack.
The conflict has looked stalemated for months, with no sign either side was ready ‌for concessions even as it has deepened a global energy crisis, cratered swathes of Iran's economy and spilled over into new regional escalations.
In a phone call with a Fox News reporter, Trump said Iran's leaders should make a deal, rot economically or be wiped out, the reporter said.
However, with Iran's President Masoud Pezeshkian expected in New York this week for the United Nations General ***** embly, Trump said he would be open to meeting him, the Fox reporter added.

#reporter #Iran #make

Americans have paid about $97 billion more for fuel since the Iran war started in late February, roughly $740 extra per household, according to CNN. President Trump says prices will come down after the midterms. The CEO of Chevron just said publicly he does not see how that happens quickly.
Mike Wirth, Chevron's chairman and chief executive, spoke at a University of Texas at Austin energy conference on September 11. He told the audience that the mechanisms that helped absorb the oil supply shock earlier in the conflict have largely been used up, and that prices are more likely to rise than fall over the next few months.
When the U.S.-Iran conflict began, the oil market had several ways to handle the disruption. Countries could release crude from strategic reserves. Commercial inventories could be drawn down. The U.S. eased restrictions on sanctioned crude stored on vessels at sea. Those measures helped limit the initial price spike.
"Those have largely now played out," Wirth said. The energy system no longer has the buffers it had when the war began.
The loss of flexibility became more acute after attacks knocked out a major Saudi crude pipeline that had been bypassing the Strait of Hormuz. That single disruption put an estimated 2.5 million barrels of oil per day in limbo, tightening a market that was already running short on supply.

#crude #prices #energy #conflict

Marathon Petroleum Corporation (NYSE:MPC) has substantially outperformed the wider market this year, supported by an unusually sharp surge in global refining margins as the prolonged Iran crisis has significantly tightened global refining capacity and reduced supplies of gasoline, diesel, and jet fuel.
With Marathon up by over 150% since the beginning of 2026, there are now concerns that the stock may have topped out. However, the ****** ysts over at Morgan Stanley are convinced that the rally still has further room to run. On September 14, Morgan Stanley ****** yst Joe Laetsch significantly raised the firm's price target on MPC from $265 to $453, while reaffirming an 'Overweight' rating on the shares.
The target boost reflects an upside of over 9% from the current price level and even exceeds the stock's record high of just under $411 per share achieved earlier this month. The Morgan Stanley update comes amid broader Wall Street optimism surrounding the American refining giant, with ****** ysts from Raymon James, UBS, and several others also improving their respective outlooks on MPC.
Morgan Stanley's vote of confidence suggests that Wall Street expects the ongoing refining upcycle to last longer than previously expected, especially given the fresh wave of attacks between Washington and Tehran. Even if the conflict in the Middle East subsides, the region's refined fuel output is expected to remain relatively tight, since the damaged or idled refineries in the Middle East are likely to take some time to return to full operations.
As the largest refiner by volume in the United States, Marathon has significant operating leverage to capitalize on the current high-margin environment. The company already demonstrated its ability to translate the high crack spreads into material earnings when it delivered an almost fourfold increase in profits in the second quarter.

#morgan #marathon #stanley #middle

The United States warned Saturday that hostilities between Saudi Arabia and Iran-backed Houthis could "escalate rapidly" after a missile attack targeted Riyadh for the first time since the Yemen conflict resumed.
US President Donald Trump cut short a weekend at Camp David, a secluded presidential complex in rural Maryland, to return unexpectedly to the White House on Saturday.
The White House gave no explanation for the early return, which comes as a new threshold was crossed in the conflict between Saudi Arabia and the Houthis, who control a large part of Yemen and are fighting government forces backed by a coalition led by Riyadh.
Loud explosions rang out twice on Saturday in the Saudi capital, where AFP journalists saw a fuel tank bearing the logo of oil giant Aramco on fire near the airport.
"This military conflict has the potential to escalate rapidly," the US State Department warned, adding American citizens outside the Middle East should "seriously reconsider travel to and through the region".

#saturday #arabia #riyadh #white

Kansas City Federal Reserve president Jeff Schmid said Friday that he supported the central bank's decision to raise interest rates this week and suggested that more rate hikes could be warranted, a view that was echoed by the rest of the central bank and Fed Chairman Kevin Warsh.
"The Fed has work to do on inflation, and this week's action was a step in that direction," Schmid said in a speech in Vail, Colo.
Read more: How the Fed rate decision affects your bank accounts, loans, credit cards, and investments
The Federal Open Market Committee voted on Wednesday in a unanimous decision to raise its benchmark interest rate to the range of 3.75% to 4% from 3.5% to 3.75%, the first rate hike since July 2023
Schmid noted that inflation has run above the central bank's 2% target for over five years, and the most recent price readings suggest a pace trending above 3%. Inflation has jumped this year as oil and overall energy prices have leapt higher amid the conflict with Iran. Even when stripping out energy and food prices, so-called "core" inflation has also been sticky.

#interest

A column of black smoke has been seen near Riyadh's international airport hours after air raid alerts were issued in the Saudi capital.
It was the first time residents had been given an alert and urged to stay indoors since a recent escalation in the conflict with Iran-backed Houthi militants in neighbouring Yemen.
A number of apparent explosions have since been heard in the capital and major problems reported at King Khalid International Airport, with the tracking website FlightRadar24 reporting long delays and cancellations.
One report suggested a fuel tank had been set on fire near the airport. There has been no official comment from Saudi authorities.
An AFP journalist reported that firefighters could be seen trying to extinguish the flames of a burnt-out fuel tank belonging to state oil and gas company Aramco.

#since

Oil prices have been on a wild ride this year, and most investors **** ume the story is simple: Less crude moving through the Strait of Hormuz means higher prices at the pump.
Exxon Mobil's leadership says that take misses the real problem.
Speaking at the Barclays 40th Annual Energy Power Conference on Sept. 9, Chief Financial Officer Neil Hansen told **** ysts the bigger threat to the energy system isn't crude supply, but refining.
The distinction matters for anyone holding Exxon Mobil (XOM) stock or watching gas prices climb, as it changes how long the pain might last and which part of the business could benefit.
Hansen explained that when a shock like the Middle East conflict unfolds, markets usually respond in a similar pattern.

#hansen #energy

One of the biggest stories in markets this year has been how stubborn inflation remains. Geopolitical tension in the Middle East spurred the Consumer Price Index (CPI) in March, which rose 3.4% year over year in August. However, even before this conflict, the CPI was still well above the Federal Reserve's 2% target.
The market is starting to believe that inflation will stick around for a lot longer than initially expected. This could explain why Treasury yields, particularly for 10-, 20-, and 30-year terms, have risen significantly in the past 12 months. The **** umption is that interest rates will stay elevated for an extended time, at least compared to most of the 2010s.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
Income investors looking to allocate capital are now faced with a crucial decision, one that might have been easier to make in the past. Is it smart to put money in dividend stalwarts, such as Coca-Cola (NYSE: KO) and Procter & Gamble (NYSE: PG)? Or should U.S. government bonds be on your shopping list?
As of this writing on the morning of Sept. 16, the 10-year Treasury yields just under 5%. At the same time, investors can earn more than 5.3% on 20-year and 30-year bonds. For the sake of this **** ysis, I believe it's best to focus on the 10-year Treasury, as this is a reasonable holding period that's also comparable to long-term stock investing.

#time #flashing

Sept 17 (Reuters) - JP Morgan said on Thursday that it does not have a clear baseline view for oil markets for the first time since the start of the US-Israeli war on Iran.
"We simply don't ‌know how to model the endgame," ***** ysts at the bank noted.
The note flagged that at the beginning of ‌the conflict, JP Morgan had ***** umed there were some economic thresholds that the U.S. administration would not cross, but six months into the conflict, many of those lines have been crossed with no clear exit strategy in view.
The bank noted that oil prices have climbed above $100 a barrel with gasoline at $4.37 a gallon. It also noted that US diesel prices have hit an all-time high of $6.31 a gallon heading into winter, the period of peak seasonal demand, while inventories sit at all-time lows.
JP Morgan estimated Brent's fair value at around $90 a ‌barrel for September, compared with current prices ⁠near $106, suggesting markets are pricing in the risk of further supply losses beyond the estimated 10 million barrels per day already disrupted.

#noted #markets

The intelligence report, circulated across the US military this spring in the midst of the war with Iran, immediately set off alarm bells: A Chinese ship in the Middle East was transporting components of a nuclear weapons program.
The US military swung into action with plans to intercept the vessel, according to four sources familiar with the episode. According to two of the sources, armed members of the US military were preparing to board the ship. Military planes were in the air, one of those sources and another source familiar with the incident said.
It was only just before the planned operation that officials dug deeper into the report put together by a special operations command ****** yst and found it had been generated with the help of artificial intelligence (AI) — and that a chatbot the ****** yst had used inaccurately identified the material the ship was carrying. CNN was not able to learn what the misidentified cargo was.
The report, according to one of the sources, was “entirely false.” But it also “almost started a war,” the source said. Any US operation against a Chinese vessel could have risked spiraling into an armed conflict between the two nations.
Across the US military and the intelligence community, officials are pushing to weave AI into nearly every facet of their work, from ****** yzing the huge volumes of raw intelligence the US collects and selecting targets for strikes, to more mundane applications like managing budgeting, logistics and supply chains.

#intelligence #ship #familiar

Six months into a conflict that has proven complex, costly, and highly unpopular, there remains no end in sight to the war in Iran. That's left the energy market — and the ****** ysts and strategists who study it — with a deep lack of clarity.
"For the first time since the start of the Iran conflict, we don't have a baseline view," commodities strategists at JPMorgan, led by Natasha Kaneva, wrote to clients on Thursday. "We simply don't know how to model the endgame."
As the war enters its seventh month, the conflict has broadened to multiple fronts.
In the mouth of the Persian Gulf, the Strait of Hormuz — the world's most critical chokepoint for global energy flows — remains essentially closed to through traffic as Tehran's Revolutionary Guard Corps continues to threaten vessels in the region. Daily crossings of the waterway have remained in the low double digits, far below the average of more than 120 daily transits before the outbreak of war.
Read more: How oil price shocks ripple through your wallet, from gas to groceries

#Iran

President attacks insiders who revealed details of Iran briefing with Tulsi Gabbard to Wall Street Journal last month, threatening repercussions
I would like to be emailed about offers, events and updates from The Independent. Read our Privacy notice
President Donald Trump has lashed out at leakers in his own administration after a series of behind-the-scenes reports on the Iran war.
As the conflict Trump claimed would be over in six weeks drags into its seventh month, insiders have repeatedly claimed the president was warned against taking action by his own advisors.

#Iran #claimed #street

At the Cascale annual meeting in Athens on Wednesday, Asif Khan, executive director of supply chain and sustainability at Mondetta, acknowledged the central conflict undercutting fashion's green ambitions: while sustainability demands a long-term sourcing strategy, brands rely entirely on the ability to pivot at a moment's notice.
It's a commercial reality that constrains companies such as his, Khan admitted. Navigating a volatile environment shaped by fast-changing consumer demands, evolving trends and geopolitical instability, brands are unable to offer the multi-year purchasing guarantees that factories need to justify significant capital investments, he said.
More from WWD
Cascale Wants to Put the 'Collective' Back in Collective Action
As Fashion's Emissions Rise for Second Straight Year, Aii Knows What Needs to Change

#Sustainability #asif

Oil markets appear to have reached the inflection point that many ***** ysts had predicted weeks ago as the Middle East conflict re-escalated with no diplomatic push in sight and global inventories continue to slump.
Oil prices are back above $100 per barrel, lifting diesel and gasoline prices, including in the United States.
The Trump Administration is looking to downplay the price spikes it sees as only temporary. Prices would "drop like a rock" when the Iran war ends, U.S. President Donald Trump said, but he appears to have acknowledged that there may be no respite before the mid-term elections in early November.
Meanwhile, the record-high diesel prices and the highest gasoline prices for this time of year on record could do damage to the economy and consumer spending.
On Tuesday evening, the U.S. average diesel price hit $6.301 per gallon while gasoline prices jumped to an average of $4.355 per gallon, according to GasBuddy data.

#prices #Trump #price #record

Past week performance: +2.4%
52-week range: $146 to $218
Valuation model target price: $220
Implied upside: 0.9% over 2.3 years
Chevron (CVX) stock barely budged this week, but the commentary coming out of the company was anything but quiet. CEO Mike Wirth told an energy conference that the strategic buffers built up in global crude markets after the recent Iran conflict are now "played out." He added that it's "harder to envision a scenario where prices soften quickly," a notable shift from an executive who typically avoids bold near-term price calls.

#wirth