5 days ago
MANAMA, Bahrain - The looming possibility of U.S. strikes on Iran has been met with weary nervousness in the Persian Gulf, as Gulf officials double down on efforts to break through a U.S.-Iran impasse that they know will leave their region vulnerable.
Publicly and privately, leaders in Persian Gulf nations, which bore the brunt of Iranian retaliation because they are home to U.S. bases, are calling for de-escalation as concerns about President Donald Trump's war plans grow. Mediators from Qatar arrived in Tehran on Friday as part of the efforts to negotiate an end to the war, according to a person briefed on the talks, who described the trip as a "last-ditch effort to broker an interim deal between Iran and the U.S." that was happening "in coordination with the U.S."
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Trump has seemed open to a deal - but also to resuming strikes, according to a separate official briefed on the talks, who spoke on the condition of anonymity because of the sensitivity of the situation. Vice President JD Vance, special envoy Steve Witkoff and Jared Kushner, Trump's son-in-law and envoy, have been pushing for a deal, the official added, as others - including Defense Secretary Pete Hegseth - appear opposed to it.
"The next two days will be crucial in determining how the situation unfolds," said an Iranian official, who like some others interviewed for this story spoke on the condition of anonymity because of the sensitivity of the situation. The Americans, they added, are "seeking a positive breakthrough" ahead of the midterm elections.
#official #iranian #post
Publicly and privately, leaders in Persian Gulf nations, which bore the brunt of Iranian retaliation because they are home to U.S. bases, are calling for de-escalation as concerns about President Donald Trump's war plans grow. Mediators from Qatar arrived in Tehran on Friday as part of the efforts to negotiate an end to the war, according to a person briefed on the talks, who described the trip as a "last-ditch effort to broker an interim deal between Iran and the U.S." that was happening "in coordination with the U.S."
Subscribe to The Post Most newsletter for the most important and interesting stories from The Washington Post.
Trump has seemed open to a deal - but also to resuming strikes, according to a separate official briefed on the talks, who spoke on the condition of anonymity because of the sensitivity of the situation. Vice President JD Vance, special envoy Steve Witkoff and Jared Kushner, Trump's son-in-law and envoy, have been pushing for a deal, the official added, as others - including Defense Secretary Pete Hegseth - appear opposed to it.
"The next two days will be crucial in determining how the situation unfolds," said an Iranian official, who like some others interviewed for this story spoke on the condition of anonymity because of the sensitivity of the situation. The Americans, they added, are "seeking a positive breakthrough" ahead of the midterm elections.
#official #iranian #post
10 days ago
Today, Suze Orman is one of the world's foremost financial experts. Once upon a time, though, she was a little girl who watched her father run into a burning building.
As Orman explained on her podcast, she and her mother went to pick her father up from work one day and found him outside the chicken shack where he worked. The chicken shack was ablaze, and Orman watched her father run into the building that was engulfed in flames.
Jeff Bezos backs a platform that lets anyone invest in rental homes for as little as $100 — 6 ways to build wealth like a landlord without actually being one
A single line on your car insurance policy could be inflating your premium by up to 30% — here's what to change
Dave Ramsey warns nearly 50% of Americans are making 1 big Social Security mistake. Here's what it is and 3 simple steps to fix it ASAP
#orman
As Orman explained on her podcast, she and her mother went to pick her father up from work one day and found him outside the chicken shack where he worked. The chicken shack was ablaze, and Orman watched her father run into the building that was engulfed in flames.
Jeff Bezos backs a platform that lets anyone invest in rental homes for as little as $100 — 6 ways to build wealth like a landlord without actually being one
A single line on your car insurance policy could be inflating your premium by up to 30% — here's what to change
Dave Ramsey warns nearly 50% of Americans are making 1 big Social Security mistake. Here's what it is and 3 simple steps to fix it ASAP
#orman
18 days ago
Five Pensacola area volleyball teams now know their path to the Final Four after brackets were released Oct. 18. District tournaments were supposed to wrap Oct. 16 but wrapped a day later locally after teams got an exception due to damages from Hurricane Isaias
Navarre (6A), Pensacola Catholic (3A) and Jay (Rural) already knew they were in the field by winning their respective district ***** les, while Gulf Breeze (5A) and Booker T. Washington (4A) picked up at-large bids. No local teams qualified for the FHSAA's brand new Open Division, though a couple that did had direct ramifications on Region 1 brackets.
Playoff action will start with regional quarterfinals on Oct. 20 for classes 1A-3A and Oct. 21 for classes 4A-6A. Regional semifinals for all classes will be Oct. 24, followed by regional finals for Rural and 1A-3A on Oct. 27 and 4A-6A on Oct. 28.
All roads lead to Polk State College and the Winter Haven Health Center for the state semifinals and finals, which will take place Nov. 2-7.
Below are the regional brackets featuring Pensacola-area teams and what to know in each classification. District champions are marked with an asterisk (*) and will host a regional quarterfinal unless matched up with a higher-seeded district champion.
#regional #state
Navarre (6A), Pensacola Catholic (3A) and Jay (Rural) already knew they were in the field by winning their respective district ***** les, while Gulf Breeze (5A) and Booker T. Washington (4A) picked up at-large bids. No local teams qualified for the FHSAA's brand new Open Division, though a couple that did had direct ramifications on Region 1 brackets.
Playoff action will start with regional quarterfinals on Oct. 20 for classes 1A-3A and Oct. 21 for classes 4A-6A. Regional semifinals for all classes will be Oct. 24, followed by regional finals for Rural and 1A-3A on Oct. 27 and 4A-6A on Oct. 28.
All roads lead to Polk State College and the Winter Haven Health Center for the state semifinals and finals, which will take place Nov. 2-7.
Below are the regional brackets featuring Pensacola-area teams and what to know in each classification. District champions are marked with an asterisk (*) and will host a regional quarterfinal unless matched up with a higher-seeded district champion.
#regional #state
28 days ago
Hurricane Isaias, the first hurricane of the Atlantic season, is expected to strengthen when it approaches the northern Gulf Coast on Friday, prompting mandatory evacuations, school closures in parts of Florida and the threat of a life-threatening storm surge, according to the National Hurricane Center.
Isaias is forecast to make landfall within the warning area late Friday or early Saturday, according to the National Weather Service, which warned of damaging hurricane-force winds. The National Hurricane Center (NHC) said Isaias was expected to remain a strong hurricane throughout this period.
It is unclear exactly where Isaias might make landfall. Current models show the center of the storm coming onshore anywhere from eastern Mississippi to the western tip of the Florida Panhandle.
The NWS said residents in portions of the Florida Panhandle, southern Alabama, some parts of Mississippi, including the south, should "prepare for the possibility of long-duration power outages."
The governors of Florida and Alabama declared states of emergency for dozens of counties. Okaloosa County in Florida announced mandatory evacuations for some coastal areas. "Residents should take this storm seriously and evacuate," the county government said in a news release.
#national #center #panhandle
Isaias is forecast to make landfall within the warning area late Friday or early Saturday, according to the National Weather Service, which warned of damaging hurricane-force winds. The National Hurricane Center (NHC) said Isaias was expected to remain a strong hurricane throughout this period.
It is unclear exactly where Isaias might make landfall. Current models show the center of the storm coming onshore anywhere from eastern Mississippi to the western tip of the Florida Panhandle.
The NWS said residents in portions of the Florida Panhandle, southern Alabama, some parts of Mississippi, including the south, should "prepare for the possibility of long-duration power outages."
The governors of Florida and Alabama declared states of emergency for dozens of counties. Okaloosa County in Florida announced mandatory evacuations for some coastal areas. "Residents should take this storm seriously and evacuate," the county government said in a news release.
#national #center #panhandle
30 days ago
Tropical Depression Nine has formed off the coast of Mexico in the Gulf of America, and forecasts show it will be the Atlantic's first hurricane this season, making a dangerous landfall threat to the U.s.
The system is currently getting better organized, and the National Hurricane Center (NHC) said it is forecast to be a tropical storm on Wednesday and a hurricane on Thursday.
The NHC said the system is likely to be a Category 2 hurricane by Friday night, with estimated winds at 100 mph.
Farmers' Almanac Releases 2026-2027 Winter Forecast: What They Say To Expect For Blockbuster Winter In The Us
It will be named Isaias.
#forecast
The system is currently getting better organized, and the National Hurricane Center (NHC) said it is forecast to be a tropical storm on Wednesday and a hurricane on Thursday.
The NHC said the system is likely to be a Category 2 hurricane by Friday night, with estimated winds at 100 mph.
Farmers' Almanac Releases 2026-2027 Winter Forecast: What They Say To Expect For Blockbuster Winter In The Us
It will be named Isaias.
#forecast
1 month ago
Meanwhile, flood watches are in effect along the Gulf Coast and in Florida.
More than 35 million people are under heat alerts on Sunday afternoon as a dangerous multi-day October heat wave continues across nearly all of California.
Temperatures are expected to soar up to 20 degrees above normal for this time of year, into the 90s and 100s, from Northern California, including the San Francisco Bay Area, to the Mexico border.
In some areas of California, especially urban areas, warm nights will provide little to no relief.
Los Angeles and San Diego remain under an extreme heat warning, with heat advisories posted on Sunday for San Francisco and Sacramento.
#california
More than 35 million people are under heat alerts on Sunday afternoon as a dangerous multi-day October heat wave continues across nearly all of California.
Temperatures are expected to soar up to 20 degrees above normal for this time of year, into the 90s and 100s, from Northern California, including the San Francisco Bay Area, to the Mexico border.
In some areas of California, especially urban areas, warm nights will provide little to no relief.
Los Angeles and San Diego remain under an extreme heat warning, with heat advisories posted on Sunday for San Francisco and Sacramento.
#california
1 month ago
Updated on: October 4, 2026 / 7:28 PM EDT / CBS News
The U.S. Coast Guard on Sunday suspended the search for six people in a medical jet that went missing near Nantucket, Massachusetts, a day after debris from the plane was found.
Search and rescue crews operated for approximately 66 hours to locate four Canadians and two Bermudian nationals on the plane that was traveling to Boston from Bermuda early Saturday morning, according to the U.S. Coast Guard.
The Canadian-registered air ambulance jet had four crew members and two passengers aboard. Their next of kin have been notified, the Coast Guard said.
Earlier, the Coast Guard confirmed that a debris field belonging to the missing Gulfstream G-100 was found Saturday night. The search for the missing passengers continued overnight off the coast of Nantucket, according to the Coast Guard's Northeast District, and spanned 4,445 miles before it was suspended.
#missing #nantucket #found
The U.S. Coast Guard on Sunday suspended the search for six people in a medical jet that went missing near Nantucket, Massachusetts, a day after debris from the plane was found.
Search and rescue crews operated for approximately 66 hours to locate four Canadians and two Bermudian nationals on the plane that was traveling to Boston from Bermuda early Saturday morning, according to the U.S. Coast Guard.
The Canadian-registered air ambulance jet had four crew members and two passengers aboard. Their next of kin have been notified, the Coast Guard said.
Earlier, the Coast Guard confirmed that a debris field belonging to the missing Gulfstream G-100 was found Saturday night. The search for the missing passengers continued overnight off the coast of Nantucket, according to the Coast Guard's Northeast District, and spanned 4,445 miles before it was suspended.
#missing #nantucket #found
1 month ago
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
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
1 month ago
Fox News correspondent CB Cotton discusses the Coast Guard’s ***** istance in the search for a jet missing off the coast of Nantucket on ‘Fox Report.’
U.S. Coast Guard search crews located a debris field off the Nantucket coast that has been confirmed to be ***** ociated with a medevac flight with six people on board that disappeared Saturday morning while en route to Boston from Bermuda.
Crews are continuing to search for potential survivors, and the Coast Guard cutter William Sparling will continue search efforts throughout the night. The Coast Guard said it would hold a news conference Sunday morning.
Authorities are searching for the Gulfstream G100, a twin-engine, midsize jet, off Nantucket. Both air and surface crews have been deployed to the area, according to the Coast Guard Northeast District.
The Federal Aviation Administration (FAA) reported losing contact with the aircraft early Saturday, the Coast Guard said.
#nantucket #morning #cotton #boston
U.S. Coast Guard search crews located a debris field off the Nantucket coast that has been confirmed to be ***** ociated with a medevac flight with six people on board that disappeared Saturday morning while en route to Boston from Bermuda.
Crews are continuing to search for potential survivors, and the Coast Guard cutter William Sparling will continue search efforts throughout the night. The Coast Guard said it would hold a news conference Sunday morning.
Authorities are searching for the Gulfstream G100, a twin-engine, midsize jet, off Nantucket. Both air and surface crews have been deployed to the area, according to the Coast Guard Northeast District.
The Federal Aviation Administration (FAA) reported losing contact with the aircraft early Saturday, the Coast Guard said.
#nantucket #morning #cotton #boston
1 month ago
Howie Mandel's daughter is sharing a fiery scene on TikTok, complete with a warning her dad should have taken seriously.
Jackelyn Shultz posted a TikTok video of the "America's Got Talent" judge standing near a vehicle engulfed in flames, capturing a moment that quickly drew reactions across social media.
Mandel, 70, wore blue overalls and held a canned beverage while appearing to record the fire on his phone near a Food4Less store.
"Dad, it could explode if there's gas in it," Shultz, 41, warned her dad.
Seconds later, as Mandel turned toward his daughter, a burst of flames erupted behind him.
#shultz
Jackelyn Shultz posted a TikTok video of the "America's Got Talent" judge standing near a vehicle engulfed in flames, capturing a moment that quickly drew reactions across social media.
Mandel, 70, wore blue overalls and held a canned beverage while appearing to record the fire on his phone near a Food4Less store.
"Dad, it could explode if there's gas in it," Shultz, 41, warned her dad.
Seconds later, as Mandel turned toward his daughter, a burst of flames erupted behind him.
#shultz
2 months ago
Transocean Ltd. (NYSE:RIG) received a boost on September 15 when the company announced that it had secured an approximately $80 million contract for its Deepwater Conqueror ultra-deepwater drillship in Equatorial Guinea. The estimated 170-day campaign with an undisclosed operator is expected to begin next year, directly following the rig's current contract in the US Gulf.
Built in 2016, the DSME 12000-design Deepwater Conqueror can operate in water depths of up to 12,000 feet and drill to a maximum depth of 40,000 feet.
The $80 million award provides Transocean with additional contract revenue and improves visibility into the company's future revenue base. If the award includes attractive day rates and limited mobilization costs, it could contribute positively to operating margins and cash flows. The company's backlog stood at approximately $6.7 billion as of August 5, 2026.
The contract could also improve the utilization of its high-value drilling rig. Since ultra-deepwater rigs require substantial investment, securing work for an idle or underutilized rig could help spread fixed operating costs over a larger revenue base. Deepwater Conqueror will move directly from its US Gulf contract to Equatorial Guinea, avoiding a gap between the two programs.
The latest award also provides Transocean with an alternative destination for its rigs. The company had already signaled in its Q2 earnings call that the growing demand for new deepwater contracts in Africa would also help offset a decline in awards in the US Gulf.
#deepwater #contract #gulf #equatorial
Built in 2016, the DSME 12000-design Deepwater Conqueror can operate in water depths of up to 12,000 feet and drill to a maximum depth of 40,000 feet.
The $80 million award provides Transocean with additional contract revenue and improves visibility into the company's future revenue base. If the award includes attractive day rates and limited mobilization costs, it could contribute positively to operating margins and cash flows. The company's backlog stood at approximately $6.7 billion as of August 5, 2026.
The contract could also improve the utilization of its high-value drilling rig. Since ultra-deepwater rigs require substantial investment, securing work for an idle or underutilized rig could help spread fixed operating costs over a larger revenue base. Deepwater Conqueror will move directly from its US Gulf contract to Equatorial Guinea, avoiding a gap between the two programs.
The latest award also provides Transocean with an alternative destination for its rigs. The company had already signaled in its Q2 earnings call that the growing demand for new deepwater contracts in Africa would also help offset a decline in awards in the US Gulf.
#deepwater #contract #gulf #equatorial
2 months ago
Shell plc (NYSE:SHEL) is a global group of energy and petrochemical companies with a presence in over 70 countries. The stock has delivered gains of over 23% since the beginning of 2026 and even hit its all-time high earlier in March, driven primarily by soaring oil prices and solid earnings amid supply disruptions in the Middle East.
Following a slight pullback over the last few months, Shell has started to regain momentum, and Morgan Stanley expects the rally to continue. On September 3, the investment bank upgraded SHEL from 'Equal Weight' to 'Overweight', while also raising its price target from $81.60 to $101.30. The target boost implies an upside of 9% from the current levels and even exceeds Shell's previous record high of almost $95 per share achieved earlier this year.
Morgan Stanley noted that the concerns surrounding Shell's long-term resource longevity have now eased, with the company now positioned to sustain production growth through 2030 and stabilize output thereafter. The ******* yst firm believes that while the stock has been weighed down due to its dividend policy, there is now "potential for a significant acceleration. As a result, Morgan Stanley promoted SHEL to top-pick status.
Shell completed the acquisition of ARC Resources earlier this month, addressing the resource-depletion concerns that have weighed down its valuation. The $16.4 billion deal has significantly expanded the energy giant's gas reserves and will boost its production by 370,000 boed. Additionally, the strategic move expands Shell's exposure to the North American gas market and bolsters its position in a region that is emerging as a key player in the global LNG supply.
Shell's recent upstream investments provide further support to Morgan Stanley's bullish thesis. The company announced earlier this month that it had agreed to acquire a 30% interest in BP's Conifer exploration prospect in the US Gulf, and a 50% stake in the Tupinamba exploration block in Brazil's Santos Basin. Additionally, it also recently signed a preliminary agreement for the acquisition of production rights over Ghana's South Deepwater Tano Cape Three Points oil and gas block.
#shel #production #energy #Stock
Following a slight pullback over the last few months, Shell has started to regain momentum, and Morgan Stanley expects the rally to continue. On September 3, the investment bank upgraded SHEL from 'Equal Weight' to 'Overweight', while also raising its price target from $81.60 to $101.30. The target boost implies an upside of 9% from the current levels and even exceeds Shell's previous record high of almost $95 per share achieved earlier this year.
Morgan Stanley noted that the concerns surrounding Shell's long-term resource longevity have now eased, with the company now positioned to sustain production growth through 2030 and stabilize output thereafter. The ******* yst firm believes that while the stock has been weighed down due to its dividend policy, there is now "potential for a significant acceleration. As a result, Morgan Stanley promoted SHEL to top-pick status.
Shell completed the acquisition of ARC Resources earlier this month, addressing the resource-depletion concerns that have weighed down its valuation. The $16.4 billion deal has significantly expanded the energy giant's gas reserves and will boost its production by 370,000 boed. Additionally, the strategic move expands Shell's exposure to the North American gas market and bolsters its position in a region that is emerging as a key player in the global LNG supply.
Shell's recent upstream investments provide further support to Morgan Stanley's bullish thesis. The company announced earlier this month that it had agreed to acquire a 30% interest in BP's Conifer exploration prospect in the US Gulf, and a 50% stake in the Tupinamba exploration block in Brazil's Santos Basin. Additionally, it also recently signed a preliminary agreement for the acquisition of production rights over Ghana's South Deepwater Tano Cape Three Points oil and gas block.
#shel #production #energy #Stock
2 months ago
The State Department's approval of two potential arms sales to Saudi Arabia totaling $5.75 billion, including JDAM-ER munitions and AGT-1500 tank engines, offers a modest but meaningful data point for two very different defense players. For The Boeing Company (NYSE:BA), the potential sale represents an additional international defense opportunity as the company continues working through margin pressure elsewhere. For Honeywell Aerospace Inc. (NASDAQ:HONA), the package reinforces a stable business line while the firm tackles its first quarter as a standalone public company.
The State Department approved a potential $5 billion sale of JDAM-ER guidance kits and bombs to Saudi Arabia, along with a separate potential $750 million deal for AGT-1500 tank engines. The JDAM package consists of 5,004 KMU-572 and 5,000 KMU-556 JDAM guidance kits and 5,004 BLU-111 and 5,000 BLU-117 bombs. Boeing has been identified as the principal contractor for the JDAM-ERs, with Honeywell handling the engines. The State Department said the sales would strengthen Saudi Arabia's airborne defense capabilities and improve interoperability with U.S. and Gulf partner forces.
Boeing stands to gain only modestly from the deal, given its roughly $85 billion Defense, ******* e and Security backlog. International orders already account for 27% of that total. The segment reported a second-quarter operating loss, largely due to charges tied to the VC-25B (Air Force One) program. That makes mature, lower-risk munitions programs such as JDAM-ER a more dependable part of the portfolio, though the deal is unlikely to have a meaningful impact on margins. For Honeywell Aerospace, the contract is smaller, but the AGT-1500 fits within its established defense propulsion business. It also adds to the company's international defence business, which makes up about 30% of its total Defense and ******* e revenue.
Honeywell Aerospace is owned by 74 hedge funds as of Q2 2026, which is consistent with Honeywell (NASDAQ:HON) hedge fund ownership prior to the spinoff. Unlike Honeywell, the number of hedge funds holding Boeing stock dropped from 99 at the end of the first quarter of fiscal 2026 to 90 at the end of Q2 2026.
Neither potential sale is large enough to have a meaningful impact on either company's short-term results by itself. Still, each supports a different investment story. For Boeing, the potential sales add to international defense exposure if finalized, as its defense unit continues dealing with fixed-price losses. For Honeywell, they support the steady flow of high-margin legacy revenue across its broader defense franchise.
#international #saudi
The State Department approved a potential $5 billion sale of JDAM-ER guidance kits and bombs to Saudi Arabia, along with a separate potential $750 million deal for AGT-1500 tank engines. The JDAM package consists of 5,004 KMU-572 and 5,000 KMU-556 JDAM guidance kits and 5,004 BLU-111 and 5,000 BLU-117 bombs. Boeing has been identified as the principal contractor for the JDAM-ERs, with Honeywell handling the engines. The State Department said the sales would strengthen Saudi Arabia's airborne defense capabilities and improve interoperability with U.S. and Gulf partner forces.
Boeing stands to gain only modestly from the deal, given its roughly $85 billion Defense, ******* e and Security backlog. International orders already account for 27% of that total. The segment reported a second-quarter operating loss, largely due to charges tied to the VC-25B (Air Force One) program. That makes mature, lower-risk munitions programs such as JDAM-ER a more dependable part of the portfolio, though the deal is unlikely to have a meaningful impact on margins. For Honeywell Aerospace, the contract is smaller, but the AGT-1500 fits within its established defense propulsion business. It also adds to the company's international defence business, which makes up about 30% of its total Defense and ******* e revenue.
Honeywell Aerospace is owned by 74 hedge funds as of Q2 2026, which is consistent with Honeywell (NASDAQ:HON) hedge fund ownership prior to the spinoff. Unlike Honeywell, the number of hedge funds holding Boeing stock dropped from 99 at the end of the first quarter of fiscal 2026 to 90 at the end of Q2 2026.
Neither potential sale is large enough to have a meaningful impact on either company's short-term results by itself. Still, each supports a different investment story. For Boeing, the potential sales add to international defense exposure if finalized, as its defense unit continues dealing with fixed-price losses. For Honeywell, they support the steady flow of high-margin legacy revenue across its broader defense franchise.
#international #saudi
2 months ago
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
"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
2 months ago
Shares of Rum Group (RUM), the company formerly known as Rumble, rallied almost 12% on Sept. 14 after The Information reported that it bagged a $13.7 billion compute deal with Anthropic. This is a major win for the company following its rebirth as Rum Group; the company now has an AI cloud and infrastructure division called Quake AI following its acquisition of Northern Data in June 2026.
The demand for compute is real and only expected to grow, irrespective of the AI slowdown fears currently engulfing the market and driving the share prices of AI companies lower. Let's take a closer look.
Why It's Time to Load Up on Nvidia Stock
The Case for Selling CrowdStrike Stock
Dear Tesla Stock Fans, Mark Your Calendars for October 1
#sept #anthropic
The demand for compute is real and only expected to grow, irrespective of the AI slowdown fears currently engulfing the market and driving the share prices of AI companies lower. Let's take a closer look.
Why It's Time to Load Up on Nvidia Stock
The Case for Selling CrowdStrike Stock
Dear Tesla Stock Fans, Mark Your Calendars for October 1
#sept #anthropic
2 months ago
Saudi Arabia's oil supply crisis is rapidly becoming Europe's problem.
The September 10 attacks on Saudi Arabia's East-West Pipeline struck the system at multiple locations and damaged at least one pumping station, forcing Riyadh to shut down the Kingdom's critical alternative to the Strait of Hormuz.
The 1,200-kilometer Petroline can carry around 7 million barrels per day from Saudi Arabia's eastern producing regions to Yanbu on the Red Sea. Since the war effectively closed Hormuz, it has become one of the most important pieces of energy infrastructure in the world.
Kpler estimates the pipeline had been moving roughly 4 million bpd around Hormuz before the attack. A prolonged outage could ultimately threaten 3.5–4 million bpd of Saudi crude exports. The figure is below Petroline's nameplate capacity because Saudi Arabia can still export some crude from eastern terminals such as Ras Tanura, despite the severe constraints on Gulf shipping.
The immediate problem is storage.
#hormuz #crude
The September 10 attacks on Saudi Arabia's East-West Pipeline struck the system at multiple locations and damaged at least one pumping station, forcing Riyadh to shut down the Kingdom's critical alternative to the Strait of Hormuz.
The 1,200-kilometer Petroline can carry around 7 million barrels per day from Saudi Arabia's eastern producing regions to Yanbu on the Red Sea. Since the war effectively closed Hormuz, it has become one of the most important pieces of energy infrastructure in the world.
Kpler estimates the pipeline had been moving roughly 4 million bpd around Hormuz before the attack. A prolonged outage could ultimately threaten 3.5–4 million bpd of Saudi crude exports. The figure is below Petroline's nameplate capacity because Saudi Arabia can still export some crude from eastern terminals such as Ras Tanura, despite the severe constraints on Gulf shipping.
The immediate problem is storage.
#hormuz #crude
2 months ago
On August 5, Kinetik Holdings Inc. (NYSE:KNTK) reported the strongest quarterly results in company history and raised its full-year 2026 guidance. The Permian-focused midstream operator posted net income, including noncontrolling interest, of $123.1 million for the quarter ended June 30, while Adjusted EBITDA climbed to $280.8 million. Management didn't stop at celebrating the number. It used the quarter as the launchpad for a string of expansion decisions that stretch out to 2028.
The Midstream Logistics segment, Kinetik's largest, grew Adjusted EBITDA 35% year over year to $204.8 million in the second quarter, even though processed natural gas volumes held flat at 1.74 Bcf/d. That flat number actually undersells the quarter. It came despite roughly 250 million cubic feet per day of gas that had been shut in because of weak Waha-area pricing, with stronger natural gas liquid recoveries, condensate yields, and favorable commodity spreads carrying the segment instead.
Management is betting the growth continues well past 2026. In May, Kinetik reached a final investment decision on Kings Landing II, a roughly $260 million project that will lift sour gas processing capacity across the company's Delaware North complex above 700 MMcf/d and push total system capacity to 2.7 Bcf/d when it comes online in mid-2028, earlier than previously communicated. The ECCC Pipeline, which links the system's northern and southern halves between Eddy and Culberson Counties, is now in service, and right-of-way work has already begun on a follow-on expansion for 2027.
Kinetik also locked in new firm Gulf Coast access for residue gas starting in 2027 and signed fresh natural gas liquids transport agreements, both aimed at getting better prices for the gas it moves. On the back of that momentum, Kinetik raised its full-year 2026 Adjusted EBITDA guidance to a range of $1.04 billion to $1.1 billion, a 7% ***** p from the guidance it issued in February.
Not every part of the business is moving in the same direction. The Pipeline Transportation segment posted Adjusted EBITDA of $83.0 million in the quarter, down 14% year over year, a decline the company attributes to last year's divestiture of its equity stake in EPIC Crude Holdings. That sale removed a source of cash flow the rest of the business now has to make up for. Kinetik also expects gas curtailments to keep running at an average of 25 million cubic feet per day through the second half of 2026, on top of the Waha-driven shut-ins that already weighed on the quarter. Its own pricing ***** umptions underline the regional problem: the company is now modeling Waha Hub natural gas at negative $0.26 per MMBtu for the full year, meaning gas in parts of the Permian is priced so low that moving it out of the basin is the whole game.
#quarter
The Midstream Logistics segment, Kinetik's largest, grew Adjusted EBITDA 35% year over year to $204.8 million in the second quarter, even though processed natural gas volumes held flat at 1.74 Bcf/d. That flat number actually undersells the quarter. It came despite roughly 250 million cubic feet per day of gas that had been shut in because of weak Waha-area pricing, with stronger natural gas liquid recoveries, condensate yields, and favorable commodity spreads carrying the segment instead.
Management is betting the growth continues well past 2026. In May, Kinetik reached a final investment decision on Kings Landing II, a roughly $260 million project that will lift sour gas processing capacity across the company's Delaware North complex above 700 MMcf/d and push total system capacity to 2.7 Bcf/d when it comes online in mid-2028, earlier than previously communicated. The ECCC Pipeline, which links the system's northern and southern halves between Eddy and Culberson Counties, is now in service, and right-of-way work has already begun on a follow-on expansion for 2027.
Kinetik also locked in new firm Gulf Coast access for residue gas starting in 2027 and signed fresh natural gas liquids transport agreements, both aimed at getting better prices for the gas it moves. On the back of that momentum, Kinetik raised its full-year 2026 Adjusted EBITDA guidance to a range of $1.04 billion to $1.1 billion, a 7% ***** p from the guidance it issued in February.
Not every part of the business is moving in the same direction. The Pipeline Transportation segment posted Adjusted EBITDA of $83.0 million in the quarter, down 14% year over year, a decline the company attributes to last year's divestiture of its equity stake in EPIC Crude Holdings. That sale removed a source of cash flow the rest of the business now has to make up for. Kinetik also expects gas curtailments to keep running at an average of 25 million cubic feet per day through the second half of 2026, on top of the Waha-driven shut-ins that already weighed on the quarter. Its own pricing ***** umptions underline the regional problem: the company is now modeling Waha Hub natural gas at negative $0.26 per MMBtu for the full year, meaning gas in parts of the Permian is priced so low that moving it out of the basin is the whole game.
#quarter
2 months ago
Financial infrastructure provider Fin.com has "emerged from stealth" with $20m in seed funding.
In a statement, the New York-based firm said the round was led by venture firm Expa and Uber co-founder Garrett Camp.
Coinbase Ventures, Tenet Fund, Second Sight Ventures, and various sovereign and family offices across the Gulf and Africa, among others, also participated.
Fin.com, co-founded by Nabeel Alamgir and Mustafa Dar, operates a "single orchestration layer" to allow clients to receive, convert, and move money across borders using local payment rails.
The platform also integrates SWIFT messaging, USD virtual accounts, stablecoin settlement, liquidity management, and compliance tools into a single network, the company added.
#expa #camp
In a statement, the New York-based firm said the round was led by venture firm Expa and Uber co-founder Garrett Camp.
Coinbase Ventures, Tenet Fund, Second Sight Ventures, and various sovereign and family offices across the Gulf and Africa, among others, also participated.
Fin.com, co-founded by Nabeel Alamgir and Mustafa Dar, operates a "single orchestration layer" to allow clients to receive, convert, and move money across borders using local payment rails.
The platform also integrates SWIFT messaging, USD virtual accounts, stablecoin settlement, liquidity management, and compliance tools into a single network, the company added.
#expa #camp
2 months ago
Some refiners in ******* an this week rushed to buy Oman's crude for earlier loadings after Saudi Arabia shut down its key pipeline bypassing the Strait of Hormuz, traders with knowledge of the purchases told Bloomberg on Wednesday.
Late last week, Saudi Arabia was forced to temporarily shut down the East-West oil pipeline following drone attacks launched from the territory of Iraq close to the Iranian border on Thursday. The shutdown of the pipeline is a precautionary measure, after the attacks resulted in a number of injuries, the world's top crude oil exporter said.
The 750-mile-long East-West pipeline became Saudi Arabia's vital oil route to bypass the Strait of Hormuz after the Middle East conflict started and Hormuz was closed to shipping traffic. Thanks to the East-West pipeline, the Kingdom has managed to re-route most of its crude loadings from the western ports in the Persian Gulf to the Red Sea port of Yanbu.
Apart from announcing the shutdown of the pipeline and condemning the attacks, Saudi Arabia has not officially updated the market either on the extent of the damage or the timelines for repairs.
The repairs could take three to five weeks, two regional officials briefed on the matter told The ******* ociated Press.
#hormuz #strait
Late last week, Saudi Arabia was forced to temporarily shut down the East-West oil pipeline following drone attacks launched from the territory of Iraq close to the Iranian border on Thursday. The shutdown of the pipeline is a precautionary measure, after the attacks resulted in a number of injuries, the world's top crude oil exporter said.
The 750-mile-long East-West pipeline became Saudi Arabia's vital oil route to bypass the Strait of Hormuz after the Middle East conflict started and Hormuz was closed to shipping traffic. Thanks to the East-West pipeline, the Kingdom has managed to re-route most of its crude loadings from the western ports in the Persian Gulf to the Red Sea port of Yanbu.
Apart from announcing the shutdown of the pipeline and condemning the attacks, Saudi Arabia has not officially updated the market either on the extent of the damage or the timelines for repairs.
The repairs could take three to five weeks, two regional officials briefed on the matter told The ******* ociated Press.
#hormuz #strait
2 months ago
Oil prices spiked on Tuesday, climbing back toward recent highs as headlines from the Middle East — in particular, Saudi Arabia — intensified growing pressure on the physical market.
Futures on Brent crude (BZ=F), the international benchmark, picked up more than $2.80 to cross back over $108.50 a barrel and approach the $109 mark seen on Monday. Meanwhile, those on US benchmark WTI crude (CL=F) jumped by roughly $3.50 to trade above $104.50.
Worries about oil exports from the Persian Gulf continued to grow on Tuesday, with Saudi Arabia in focus as market watchers attempt to ****** s damage to the kingdom's oil infrastructure, critical to moving oil out of the Persian Gulf while the Strait of Hormuz remains wracked by the US-Iran conflict.
Saudi Arabia has faced a series of attacks on critical energy infrastructure from the Yemeni Houthi militia group and other Iran-backed proxy forces operating in Iraq, the most pressing of those being strikes that over the weekend forced Saudi authorities to shutter the kingdom's East-West pipeline.
The East-West line carries oil to the port of Yanbu on the Red Sea, where it is loaded onto tankers that can take oil south through the Bab el-Mandeb Strait, which runs along Yemen, or north to the Suez Canal and the adjacent SUMED pipeline to the Mediterranean Sea.
#gulf
Futures on Brent crude (BZ=F), the international benchmark, picked up more than $2.80 to cross back over $108.50 a barrel and approach the $109 mark seen on Monday. Meanwhile, those on US benchmark WTI crude (CL=F) jumped by roughly $3.50 to trade above $104.50.
Worries about oil exports from the Persian Gulf continued to grow on Tuesday, with Saudi Arabia in focus as market watchers attempt to ****** s damage to the kingdom's oil infrastructure, critical to moving oil out of the Persian Gulf while the Strait of Hormuz remains wracked by the US-Iran conflict.
Saudi Arabia has faced a series of attacks on critical energy infrastructure from the Yemeni Houthi militia group and other Iran-backed proxy forces operating in Iraq, the most pressing of those being strikes that over the weekend forced Saudi authorities to shutter the kingdom's East-West pipeline.
The East-West line carries oil to the port of Yanbu on the Red Sea, where it is loaded onto tankers that can take oil south through the Bab el-Mandeb Strait, which runs along Yemen, or north to the Suez Canal and the adjacent SUMED pipeline to the Mediterranean Sea.
#gulf
2 months ago
Brent crude climbed above $108 a barrel on Tuesday as traders grew increasingly uncertain about when Saudi Arabia's East-West Pipeline would reopen, with fresh Houthi attacks on the kingdom and suspended oil loadings at its Red Sea export terminal adding to supply fears.
By 1:00 p.m. ET, Brent futures had climbed 3% to $108.88 per barrel, with U.S. West Texas Intermediate up 4.7% at $106.12. A close at those levels would mark the highest settlement for either contract in close to four months, according to Reuters. Prices have risen around 20% this month as fighting in the Persian Gulf has escalated.
According to shipping industry sources who spoke with Reuters, crude loadings at the Yanbu terminal on Saudi Arabia's Red Sea coast had been halted as of Tuesday. Separately, sources told Reuters that Saudi officials had notified European buyers that certain crude shipments scheduled for late September would not proceed.
Saudi Arabia shut down the East-West Pipeline after drone attacks originating from Iraq struck it last week, forcing the kingdom to halt the export route it had been using to bypass the Strait of Hormuz during the U.S.-Iran war. The pipeline can move up to 7 million barrels per day. Saudi officials have described the closure as a precautionary measure but have not provided a damage ******* sment or a timeline for resuming operations. U.K. authorities fear the pipeline may remain mostly shut for six weeks, according to Bloomberg.
Iran-backed Houthi militants in Yemen carried out additional strikes on Saudi Arabia on Monday. According to a spokesperson for the Saudi-led military coalition in Yemen, the group fired drones and ballistic missiles targeting the cities of Khamis Mushait, Abha, and Taif. According to Reuters, the Houthis claimed to have struck a military air base in Khamis Mushait, with their stated targets including hangars, radar installations, runway infrastructure, and stores of ammunition.
#west #east
By 1:00 p.m. ET, Brent futures had climbed 3% to $108.88 per barrel, with U.S. West Texas Intermediate up 4.7% at $106.12. A close at those levels would mark the highest settlement for either contract in close to four months, according to Reuters. Prices have risen around 20% this month as fighting in the Persian Gulf has escalated.
According to shipping industry sources who spoke with Reuters, crude loadings at the Yanbu terminal on Saudi Arabia's Red Sea coast had been halted as of Tuesday. Separately, sources told Reuters that Saudi officials had notified European buyers that certain crude shipments scheduled for late September would not proceed.
Saudi Arabia shut down the East-West Pipeline after drone attacks originating from Iraq struck it last week, forcing the kingdom to halt the export route it had been using to bypass the Strait of Hormuz during the U.S.-Iran war. The pipeline can move up to 7 million barrels per day. Saudi officials have described the closure as a precautionary measure but have not provided a damage ******* sment or a timeline for resuming operations. U.K. authorities fear the pipeline may remain mostly shut for six weeks, according to Bloomberg.
Iran-backed Houthi militants in Yemen carried out additional strikes on Saudi Arabia on Monday. According to a spokesperson for the Saudi-led military coalition in Yemen, the group fired drones and ballistic missiles targeting the cities of Khamis Mushait, Abha, and Taif. According to Reuters, the Houthis claimed to have struck a military air base in Khamis Mushait, with their stated targets including hangars, radar installations, runway infrastructure, and stores of ammunition.
#west #east
2 months ago
Saudi Arabia suspends Yanbu oil loadings after halting its East-West pipeline, sending Brent back to $108.
Asia's Oil Crunch Sends Regional Benchmarks to Record Highs
- Asia's oil industry is facing a double whammy of supply shortages and better-than-expected demand, with crude differentials across the region gradually climbing towards record highs.
- Futures prices on China's Shanghai Futures Exchange rose to $138 per barrel on Tuesday, the highest reading on record, as Chinese refiners scramble to put their hands on available October supply.
- Saudi Aramco's announced halt in Yanbu loadings could see some recovery in exports from Saudi terminals in the Gulf, however these flows would be massively constrained by unprecedented freight rates.
#record #highs #supply #west
Asia's Oil Crunch Sends Regional Benchmarks to Record Highs
- Asia's oil industry is facing a double whammy of supply shortages and better-than-expected demand, with crude differentials across the region gradually climbing towards record highs.
- Futures prices on China's Shanghai Futures Exchange rose to $138 per barrel on Tuesday, the highest reading on record, as Chinese refiners scramble to put their hands on available October supply.
- Saudi Aramco's announced halt in Yanbu loadings could see some recovery in exports from Saudi terminals in the Gulf, however these flows would be massively constrained by unprecedented freight rates.
#record #highs #supply #west
2 months ago
Iran is deliberately targeting U.S. naval drones in the Strait of Hormuz to gather intelligence on American surveillance capabilities and learn how to evade U.S. defenses, drone experts warned Tuesday.
Tehran's strategy is coordinated, they said, and involves exposing critical insights into U.S. Navy theater operations in the world's most vulnerable maritime choke point even when classified data is uncompromised.
The warning came as tensions escalated in the Gulf region Sept. 14 after the U.S. military destroyed two Iranian small boats amid an attempted seizure by the Islamic Revolutionary Guard Corps (IRGC) of an American unmanned surface vessel (USV) patrolling the area, according to reports.
Us Military Attacks Iran In 'Self-defense Strikes' Over Weekend
A cargo ship sails in the Persian Gulf toward the Strait of Hormuz, Wednesday, April 22, 2026.
#Iran #sept
Tehran's strategy is coordinated, they said, and involves exposing critical insights into U.S. Navy theater operations in the world's most vulnerable maritime choke point even when classified data is uncompromised.
The warning came as tensions escalated in the Gulf region Sept. 14 after the U.S. military destroyed two Iranian small boats amid an attempted seizure by the Islamic Revolutionary Guard Corps (IRGC) of an American unmanned surface vessel (USV) patrolling the area, according to reports.
Us Military Attacks Iran In 'Self-defense Strikes' Over Weekend
A cargo ship sails in the Persian Gulf toward the Strait of Hormuz, Wednesday, April 22, 2026.
#Iran #sept
2 months ago
On August 5, Kinetik Holdings Inc. (NYSE:KNTK) reported the strongest quarterly results in company history and raised its full-year 2026 guidance. The Permian-focused midstream operator posted net income, including noncontrolling interest, of $123.1 million for the quarter ended June 30, while Adjusted EBITDA climbed to $280.8 million. Management didn't stop at celebrating the number. It used the quarter as the launchpad for a string of expansion decisions that stretch out to 2028.
The Midstream Logistics segment, Kinetik's largest, grew Adjusted EBITDA 35% year over year to $204.8 million in the second quarter, even though processed natural gas volumes held flat at 1.74 Bcf/d. That flat number actually undersells the quarter. It came despite roughly 250 million cubic feet per day of gas that had been shut in because of weak Waha-area pricing, with stronger natural gas liquid recoveries, condensate yields, and favorable commodity spreads carrying the segment instead.
Management is betting the growth continues well past 2026. In May, Kinetik reached a final investment decision on Kings Landing II, a roughly $260 million project that will lift sour gas processing capacity across the company's Delaware North complex above 700 MMcf/d and push total system capacity to 2.7 Bcf/d when it comes online in mid-2028, earlier than previously communicated. The ECCC Pipeline, which links the system's northern and southern halves between Eddy and Culberson Counties, is now in service, and right-of-way work has already begun on a follow-on expansion for 2027.
Kinetik also locked in new firm Gulf Coast access for residue gas starting in 2027 and signed fresh natural gas liquids transport agreements, both aimed at getting better prices for the gas it moves. On the back of that momentum, Kinetik raised its full-year 2026 Adjusted EBITDA guidance to a range of $1.04 billion to $1.1 billion, a 7% ***** p from the guidance it issued in February.
Not every part of the business is moving in the same direction. The Pipeline Transportation segment posted Adjusted EBITDA of $83.0 million in the quarter, down 14% year over year, a decline the company attributes to last year's divestiture of its equity stake in EPIC Crude Holdings. That sale removed a source of cash flow the rest of the business now has to make up for. Kinetik also expects gas curtailments to keep running at an average of 25 million cubic feet per day through the second half of 2026, on top of the Waha-driven shut-ins that already weighed on the quarter. Its own pricing ***** umptions underline the regional problem: the company is now modeling Waha Hub natural gas at negative $0.26 per MMBtu for the full year, meaning gas in parts of the Permian is priced so low that moving it out of the basin is the whole game.
#natural
The Midstream Logistics segment, Kinetik's largest, grew Adjusted EBITDA 35% year over year to $204.8 million in the second quarter, even though processed natural gas volumes held flat at 1.74 Bcf/d. That flat number actually undersells the quarter. It came despite roughly 250 million cubic feet per day of gas that had been shut in because of weak Waha-area pricing, with stronger natural gas liquid recoveries, condensate yields, and favorable commodity spreads carrying the segment instead.
Management is betting the growth continues well past 2026. In May, Kinetik reached a final investment decision on Kings Landing II, a roughly $260 million project that will lift sour gas processing capacity across the company's Delaware North complex above 700 MMcf/d and push total system capacity to 2.7 Bcf/d when it comes online in mid-2028, earlier than previously communicated. The ECCC Pipeline, which links the system's northern and southern halves between Eddy and Culberson Counties, is now in service, and right-of-way work has already begun on a follow-on expansion for 2027.
Kinetik also locked in new firm Gulf Coast access for residue gas starting in 2027 and signed fresh natural gas liquids transport agreements, both aimed at getting better prices for the gas it moves. On the back of that momentum, Kinetik raised its full-year 2026 Adjusted EBITDA guidance to a range of $1.04 billion to $1.1 billion, a 7% ***** p from the guidance it issued in February.
Not every part of the business is moving in the same direction. The Pipeline Transportation segment posted Adjusted EBITDA of $83.0 million in the quarter, down 14% year over year, a decline the company attributes to last year's divestiture of its equity stake in EPIC Crude Holdings. That sale removed a source of cash flow the rest of the business now has to make up for. Kinetik also expects gas curtailments to keep running at an average of 25 million cubic feet per day through the second half of 2026, on top of the Waha-driven shut-ins that already weighed on the quarter. Its own pricing ***** umptions underline the regional problem: the company is now modeling Waha Hub natural gas at negative $0.26 per MMBtu for the full year, meaning gas in parts of the Permian is priced so low that moving it out of the basin is the whole game.
#natural
2 months ago
Financial infrastructure provider Fin.com has "emerged from stealth" with $20m in seed funding.
In a statement, the New York-based firm said the round was led by venture firm Expa and Uber co-founder Garrett Camp.
Coinbase Ventures, Tenet Fund, Second Sight Ventures, and various sovereign and family offices across the Gulf and Africa, among others, also participated.
Fin.com, co-founded by Nabeel Alamgir and Mustafa Dar, operates a "single orchestration layer" to allow clients to receive, convert, and move money across borders using local payment rails.
The platform also integrates SWIFT messaging, USD virtual accounts, stablecoin settlement, liquidity management, and compliance tools into a single network, the company added.
#expa
In a statement, the New York-based firm said the round was led by venture firm Expa and Uber co-founder Garrett Camp.
Coinbase Ventures, Tenet Fund, Second Sight Ventures, and various sovereign and family offices across the Gulf and Africa, among others, also participated.
Fin.com, co-founded by Nabeel Alamgir and Mustafa Dar, operates a "single orchestration layer" to allow clients to receive, convert, and move money across borders using local payment rails.
The platform also integrates SWIFT messaging, USD virtual accounts, stablecoin settlement, liquidity management, and compliance tools into a single network, the company added.
#expa
2 months ago
Gigi Chasco of Wisconsin Lutheran girls volleyball was the winner of last week's Milwaukee Journal Sentinel high school athlete of the week poll for the week of Aug. 31-Sept. 5.
Vikings head coach Megan Mache described the Florida Gulf Coast commit as the "glue" for Wisco in its five-set thriller over New Berlin West on Thursday, Sept. 3. Chasco tallied 26 ******* ists, 14 digs, 12 kills, four blocks and a pair of aces in a 25-17, 23-25, 25-18, 19-25, 15-8 nailbiter in the all-Vikings battle.
Chasco received 11,462 out of a possible 21,352 total votes cast.
Claire Baldwin of Sussex Hamilton girls volleyball was the runner-up in last week's poll. The Chargers bounced back in a massive way during the previous week with a 6-0 record, including a tournament victory at the Summers End event in Winnetka, Illinois. The sophomore Baldwin had a huge week for the Chargers, tallying 54 digs and 52 kills on the week, which also included a win over Greater Metro Conference foe Wauwatosa West in a 3-0 sweep.
Other nominees in the poll included Ethan Potthast of Brookfield Academy football, Bear Bonk of Marquette football and Noah Gailey of Hartford boys cross-country.
#Vikings
Vikings head coach Megan Mache described the Florida Gulf Coast commit as the "glue" for Wisco in its five-set thriller over New Berlin West on Thursday, Sept. 3. Chasco tallied 26 ******* ists, 14 digs, 12 kills, four blocks and a pair of aces in a 25-17, 23-25, 25-18, 19-25, 15-8 nailbiter in the all-Vikings battle.
Chasco received 11,462 out of a possible 21,352 total votes cast.
Claire Baldwin of Sussex Hamilton girls volleyball was the runner-up in last week's poll. The Chargers bounced back in a massive way during the previous week with a 6-0 record, including a tournament victory at the Summers End event in Winnetka, Illinois. The sophomore Baldwin had a huge week for the Chargers, tallying 54 digs and 52 kills on the week, which also included a win over Greater Metro Conference foe Wauwatosa West in a 3-0 sweep.
Other nominees in the poll included Ethan Potthast of Brookfield Academy football, Bear Bonk of Marquette football and Noah Gailey of Hartford boys cross-country.
#Vikings
2 months ago
Gigi Chasco of Wisconsin Lutheran girls volleyball was the winner of last week's Milwaukee Journal Sentinel high school athlete of the week poll for the week of Aug. 31-Sept. 5.
Vikings head coach Megan Mache described the Florida Gulf Coast commit as the "glue" for Wisco in its five-set thriller over New Berlin West on Thursday, Sept. 3. Chasco tallied 26 **** ists, 14 digs, 12 kills, four blocks and a pair of aces in a 25-17, 23-25, 25-18, 19-25, 15-8 nailbiter in the all-Vikings battle.
Chasco received 11,462 out of a possible 21,352 total votes cast.
Claire Baldwin of Sussex Hamilton girls volleyball was the runner-up in last week's poll. The Chargers bounced back in a massive way during the previous week with a 6-0 record, including a tournament victory at the Summers End event in Winnetka, Illinois. The sophomore Baldwin had a huge week for the Chargers, tallying 54 digs and 52 kills on the week, which also included a win over Greater Metro Conference foe Wauwatosa West in a 3-0 sweep.
Other nominees in the poll included Ethan Potthast of Brookfield Academy football, Bear Bonk of Marquette football and Noah Gailey of Hartford boys cross-country.
#week #Vikings
Vikings head coach Megan Mache described the Florida Gulf Coast commit as the "glue" for Wisco in its five-set thriller over New Berlin West on Thursday, Sept. 3. Chasco tallied 26 **** ists, 14 digs, 12 kills, four blocks and a pair of aces in a 25-17, 23-25, 25-18, 19-25, 15-8 nailbiter in the all-Vikings battle.
Chasco received 11,462 out of a possible 21,352 total votes cast.
Claire Baldwin of Sussex Hamilton girls volleyball was the runner-up in last week's poll. The Chargers bounced back in a massive way during the previous week with a 6-0 record, including a tournament victory at the Summers End event in Winnetka, Illinois. The sophomore Baldwin had a huge week for the Chargers, tallying 54 digs and 52 kills on the week, which also included a win over Greater Metro Conference foe Wauwatosa West in a 3-0 sweep.
Other nominees in the poll included Ethan Potthast of Brookfield Academy football, Bear Bonk of Marquette football and Noah Gailey of Hartford boys cross-country.
#week #Vikings
2 months ago
DUBAI, Sept 14 (Reuters) - Abu Dhabi's Etihad Airways said on Monday that its passenger-carrying capacity is running above year-earlier levels as Gulf carriers rebound from disruption caused by the Iran war, with strong demand expected heading into the winter travel season, its chief executive told Reuters.
"We are back on track," CEO Antonoaldo Neves said in an interview, noting that current Available Seat Kilometres - the industry's standard measure of passenger-carrying capacity - was currently 15 to 17% higher than a year ago.
"Flights are full, full, full," he said, adding that load factor, which measures how well an airline is filling available seats, was at 92% in August while the airline is targeting an 87% plus load factor for the remainder of the year.
The Iran war affected travel earlier this year, pushing fuel prices higher and disrupting flights in the Middle East and beyond. Middle Eastern carriers, some of the world's biggest, have seen their networks upended by the conflict, but have gradually resumed their activity.
(Reporting by Federico Maccioni, Editing by Louise Heavens)
#reuters #middle
"We are back on track," CEO Antonoaldo Neves said in an interview, noting that current Available Seat Kilometres - the industry's standard measure of passenger-carrying capacity - was currently 15 to 17% higher than a year ago.
"Flights are full, full, full," he said, adding that load factor, which measures how well an airline is filling available seats, was at 92% in August while the airline is targeting an 87% plus load factor for the remainder of the year.
The Iran war affected travel earlier this year, pushing fuel prices higher and disrupting flights in the Middle East and beyond. Middle Eastern carriers, some of the world's biggest, have seen their networks upended by the conflict, but have gradually resumed their activity.
(Reporting by Federico Maccioni, Editing by Louise Heavens)
#reuters #middle
2 months ago
Last Updated: Sept. 11, 2026 at 7:38pm ET
2026년. 9월 11일 오후 3:22 New York 시간
By
WSJ Staff
Saudi Arabia’s Energy Ministry said the East-West pipeline was hit several times Thursday in attacks that caused a number of injuries and led the kingdom to shut it down. The crucial pipeline carries crude from Saudi Arabia’s producing heartland on the Persian Gulf to Yanbu on the Red Sea, bypassing the blockage in Hormuz.
#arabia #updated #sept #staff
2026년. 9월 11일 오후 3:22 New York 시간
By
WSJ Staff
Saudi Arabia’s Energy Ministry said the East-West pipeline was hit several times Thursday in attacks that caused a number of injuries and led the kingdom to shut it down. The crucial pipeline carries crude from Saudi Arabia’s producing heartland on the Persian Gulf to Yanbu on the Red Sea, bypassing the blockage in Hormuz.
#arabia #updated #sept #staff
2 months ago
SAO PAULO (AP) — Brazilian presidential candidate Sen. Flávio Bolsonaro is under investigation for corruption, money laundering and tax evasion for receiving millions of dollars from a disgraced banker to finance a movie about his father, former President Jair Bolsonaro.
Brazil's top court unsealed several documents late Thursday that show Sen. Bolsonaro, President Luiz Inácio Lula da Silva's primary opponent, is under investigation for receiving 61 million reais ($12 million) from a banker at the center of a corruption scandal to produce an unreleased movie ******* led "The Dark Horse."
The investigation, which centers on whether the Bolsonaro family misused the funds and whether the payments were properly reported to Brazilian authorities, threatens to undermine Sen. Bolsonaro's bid for the presidency. The first round of elections is slated for Oct. 4, and the senator is locked in a tight race with Lula.
The banker, Daniel Vorcaro, who was arrested in March, is accused of defrauding many of Banco Master's 800,000 clients, including several state government pension funds, out of hundreds of millions of dollars by convincing them to make questionable investments. The scandal has engulfed several high-ranking officials in Brazil.
The allegations first became public in May. Sen. Bolsonaro has denied any wrongdoing and said Friday during a campaign event in the Amazonian city of Manaus that he was seeking private investment for the movie.
#bolsonaro #brazilian #president #receiving
Brazil's top court unsealed several documents late Thursday that show Sen. Bolsonaro, President Luiz Inácio Lula da Silva's primary opponent, is under investigation for receiving 61 million reais ($12 million) from a banker at the center of a corruption scandal to produce an unreleased movie ******* led "The Dark Horse."
The investigation, which centers on whether the Bolsonaro family misused the funds and whether the payments were properly reported to Brazilian authorities, threatens to undermine Sen. Bolsonaro's bid for the presidency. The first round of elections is slated for Oct. 4, and the senator is locked in a tight race with Lula.
The banker, Daniel Vorcaro, who was arrested in March, is accused of defrauding many of Banco Master's 800,000 clients, including several state government pension funds, out of hundreds of millions of dollars by convincing them to make questionable investments. The scandal has engulfed several high-ranking officials in Brazil.
The allegations first became public in May. Sen. Bolsonaro has denied any wrongdoing and said Friday during a campaign event in the Amazonian city of Manaus that he was seeking private investment for the movie.
#bolsonaro #brazilian #president #receiving