Goldman Sachs warns of $120 oil amid Middle East shipping attacks

6 min agoThe Kremlin said it does not rule out resuming trilateral talks with Russia, Ukraine and the United States, though it is too early to discuss location and dates. U.S. envoys Steve Witkoff and Jared Kushner traveled to Moscow and Kyiv over the weekend to advance peace negotiations.

6 min agoAn average of 10 commodity vessels transited the Strait of Hormuz daily over the past 10 days—the lowest volume recorded since May—following strikes on tankers by the United States and Iran. Iran's foreign ministry cautioned South Korea that involvement in Strait operations would be interpreted as backing US aggression, warning of serious repercussions.

1 h agoRussia and North Korea held an opening ceremony on Monday for their first road bridge, which crosses the Tumen River and is designed to handle up to 300 vehicles daily. Russian Prime Minister Mikhail Mishustin addressed the event via video link, saying the bridge would strengthen ties between the two countries as they deepen military and economic cooperation.

1 h agoGoldman Sachs said oil prices could reach $120 per barrel if attacks on vessels in the Middle East intensify. The bank's co-head of global commodities research said recent developments show that risks of widening shipping disruptions are an important factor to consider. Oil could fall to $80 per barrel if regional exports return to normal levels, the bank added.

2 h agoThe two companies are expanding efforts to navigate flights around zones where contrails form, which contribute substantially to aviation's warming effect. The second phase will run randomised controlled tests on ultra-long-haul routes in partnership with Contrails.org.

3 h agoAn Amazon Prime Air cargo flight overran the runway at Miami International Airport on Sunday, struck vehicles and caught fire. Five people died and five others were injured in the crash. The FAA and NTSB have begun investigating the incident.

4 h agoIsrael has stepped up attacks targeting Hezbollah following the capture of a strategic ridge in southern Lebanon last week. Israeli forces completed clearing Ali Tahrir Ridge and are preparing to destroy remaining terrorist infrastructure in the area, prompting concerns the occupation could be prolonged.

5 h agoEmma Reynolds, chief secretary to the Treasury, condemned hundreds of protesters who blocked streets in Portsmouth on Sunday evening as they sought to prevent migrants arriving from France. The demonstration was the second anti-migrant protest in two days, following a disruption at Dover on Saturday where masked protesters chanted "Stop the boats".

5 h agoHuawei unveiled its new Mate XT2 foldable smartphone on Monday, featuring a double-fold design that expands into a tablet-sized screen and a new Kirin 9050 Pro chip. The launch comes as Xiaomi and Apple prepare their own premium device announcements, intensifying competition in the high-end handset market.

6 h agoAmazon Prime Air Flight 7598 overran Miami International Airport's runway shortly before 2 p.m. EDT Sunday, striking multiple vehicles and catching fire. Five people were killed and five injured, with three in critical condition; the pilot, co-pilot, and at least two people in struck vehicles were trapped.