Oil prices have surged sharply, with Brent crude rising over 13% to above $110 per barrel and WTI crossing $100 for the first time since June 2022. This spike is driven by the collapse of oil flows through the Strait of Hormuz to just 5% of normal levels due to ongoing US-Iran conflict. Alternative pipeline routes via Saudi Arabia and UAE are near full capacity but face new threats from Houthi missile attacks in Yemen, risking closure of the Bab el-Mandeb Strait. Global oil inventories are declining, strategic reserves are being released, and markets now price a high chance of sustained elevated prices, with some betting on crude hitting $120 or more by mid-year amid uncertain prospects for a ceasefire.
The global automotive microcontrollers market is projected to grow from USD 15.49 billion in 2025 to USD 34.31 billion by 2035, at a CAGR of 8.28%. Growth is fueled by increasing adoption of advanced driver-assistance systems (ADAS), vehicle electrif...
Sodexo has secured a major global contract to provide catering services across more than 130 Meta sites in over 30 countries. This large-scale partnership includes diverse locations such as headquarters, campuses, data centers, and conference centers...
Viasat and BMW Group have successfully demonstrated the first integrated automotive satellite voice call, allowing drivers to make calls directly through the car's infotainment system even in areas without cellular coverage. This advancement, utilizi...
Iran has warned it will retaliate fiercely if the US targets its infrastructure, following President Trump's threat to strike Iranian power plants and bridges next week if negotiations fail. The US recently conducted airstrikes against Iranian milita...
Solana (SOL) maintains its price in the mid-$70 range, supported by several key developments. These include Circle's recent issuance of $500 million in USDC on the Solana network, increasing liquidity and transactional demand. Additionally, instituti...
