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Home > Latest

Lates News

date
16/09/2026
Christopher Phelan, Chairman of the White House Council of Economic Advisers: It would be a mistake for the Federal Reserve to raise interest rates.
Latest
6 m ago
The meeting between the Lebanese ambassador to the United States and the Israeli ambassador to the United States at the U.S. Department of State headquarters has concluded.
9 m ago
An OpenAI executive said that the implementation of safe artificial intelligence requires the deployment of more computing power equipment.
9 m ago
The Yemeni Houthi armed group has now laid naval mines in the Bab-el-Mandeb Strait.
11 m ago
Morgan Stanley upgraded JCET to overweight with a target price of 90.20 yuan.
12 m ago
The cost of shipping U.S. crude to Asia has surged to a record high amid concerns over Middle East supply disruptions. Data from the Baltic Exchange showed that as of Tuesday, chartering a Very Large Crude Carrier (VLCC) to transport 2 million barrels of U.S. Gulf Coast crude to Asia cost about $44.8 million, setting a historic record and rising further from $39 million the previous day. Before the outbreak of the Iran war, the shipping cost on this route was about $17.8 million. As the Middle East situation disrupts energy supplies, U.S. crude has become an important source to fill the supply gap. Saudi Arabia previously shut down the East-West pipeline connecting its east and west coasts, intensifying market concerns about supply risks in the Strait of Hormuz. Despite the sharp rise in freight rates, Asian buyers remain willing to bear higher shipping costs because U.S. WTI crude is still more price-competitive than other competing crudes after arriving in Asia. Data from research firm Kpler showed that six VLCCs are already scheduled to load crude from the U.S. Gulf Coast in October and head to Asia.
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