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Oil prices rise amid Strait of Hormuz closure and Saudi supply disruptions

Market News
09 Apr 2026
CNBC
View Source
Bearish
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Oil prices increased as the Strait of Hormuz remains nearly closed despite a U.S.-Iran ceasefire deal, raising concerns over global supply. Iranian attacks have disrupted Saudi Arabia's key pipeline to the Red Sea and cut production by about 600,000 barrels per day. The closure of this vital shipping lane, which handles around 20% of global oil supply, keeps markets tense and may force buyers to rely on stockpiles and alternative sources for at least another month. The situation highlights ongoing geopolitical risks affecting oil markets and supply chains.

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Shirofune launches Walmart Connect to automate and unify retail media campaign management.

Shirofune launches Walmart Connect to automate and unify retail media campaign management.

Shirofune has introduced Walmart Connect, an integration that allows advertisers and agencies to manage Walmart retail media campaigns alongside other digital channels within a single platform. This automation reduces manual bid adjustments and repor...

Market News
Bullish
22 minutes ago
Purecore signs LOI to option 100% of Yurchison uranium property in Canada's Athabasca Basin

Purecore signs LOI to option 100% of Yurchison uranium property in Canada's Athabasca Basin

Purecore Metals Inc. has signed a non-binding letter of intent with Skyharbour Resources to acquire an option to earn up to 100% interest in the Yurchison uranium property in Saskatchewan's Athabasca Basin. The property covers over 35,000 hectares an...

Company Fundamentals
Bullish
22 minutes ago
Point closes $508.6M HEI securitization, largest ever in home equity investment class

Point closes $508.6M HEI securitization, largest ever in home equity investment class

Point completed a $508.6 million rated asset-backed securitization of its Home Equity Investment (HEI) assets, marking the largest transaction ever in the HEI asset class. The deal attracted over 30 institutional investors and priced at significantly...

Company Fundamentals
Bullish
22 minutes ago
Reactive hot melt adhesives market to reach $4.29B by 2035, driven by automotive and furniture demand.

Reactive hot melt adhesives market to reach $4.29B by 2035, driven by automotive and furniture demand.

The global reactive hot melt adhesives market is projected to grow from $2.02 billion in 2025 to $4.29 billion by 2035, at a CAGR of 7.72%. Growth is driven by regulations limiting solvent-based adhesives, increased use of polyurethane adhesives in a...

Market News
Bullish
1 hour ago
TransUnion adds new alternative credit data to improve mortgage lending decisions

TransUnion adds new alternative credit data to improve mortgage lending decisions

TransUnion has enhanced its mortgage credit report by integrating TruVision™ Alternative Credit Attributes (ACA 2.0) from FactorTrust® to provide lenders with broader insights beyond traditional credit data. This new data helps lenders identify borro...

Market News
Bullish
4 hours ago
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