Oil prices surged last week with June WTI crude hitting $110.93 and Brent reaching $120.54, driven by the ongoing closure of the Strait of Hormuz which is blocking 10-13 million barrels per day from reaching the market. Diplomatic talks between the U.S. and Iran remain deadlocked, with Iran demanding the lifting of the U.S. naval blockade before reopening the Strait. Despite OPEC+ agreeing to increase production in June, the supply deficit persists as the additional barrels cannot be exported. Market dips on ceasefire or diplomatic headlines are seen as temporary, with the fundamental supply disruption keeping prices elevated until the Strait reopens or a credible breakthrough occurs.
The 2026 State of Sustainable Fleets Market Brief reveals that commercial fleets are adapting to a third year of freight recession and major federal policy changes by diversifying powertrain technologies and fuels. Despite federal funding cuts and ta...
Therini Bio has started dosing patients in a Phase 1b trial for THN391, a novel antibody targeting fibrin-driven inflammation in diabetic macular edema (DME). This therapy aims to reduce neuroinflammation and retinal degeneration without affecting bl...
ResVR has introduced an AI-powered assistant integrated into its 3D virtual homebuying platform, enabling buyers to navigate, customize, and make decisions with real-time voice interaction. This assistant offers 24/7 support, multi-language accessibi...
China's securities regulator fined online brokerages Futu and UP Fintech a combined $331 million for operating unlicensed cross-border stock trading services. While both companies must wind down their China operations, the penalties remove a long-sta...
Privia Health Group, a national physician enablement company, announced its expansion into New Jersey through a partnership with Neurology Group of Bergen County (NGBC), a large neurology practice with 25 clinicians. NGBC will anchor the new Privia M...
