Treasury Secretary Scott Bessent predicts the Strait of Hormuz will become irrelevant to global oil supply within two years due to new land pipelines. However, current tensions escalate as Iran mines the waterway and threatens regional energy infrastructure, causing U.S.-Iran strikes and pushing oil prices near $90 per barrel. While the U.S. is less dependent on Hormuz, Asian and European oil importers remain vulnerable. The immediate risk to global oil supply comes from ongoing conflict, despite hopes for alternative routes in the future.
The Carillon Eagle Growth & Income Fund lagged behind its S&P 500 benchmark during the third quarter of 2026. Key contributors to the fund's performance included strong gains in Microsoft, driven by robust Azure cloud services and AI demand. Other to...
Citi highlights BP's shares are trading at a significant discount compared to major oil companies like Shell, TotalEnergies, and US giants ExxonMobil and Chevron. Despite improvements in BP's operational performance and a reduction in net debt, the m...
Hess Midstream's stock fell nearly 23% in a month following a deal announcement with Chevron, which includes a $200 million cash payment, asset acquisition, and a 40% reduction in shares outstanding. The deal lowers tariffs but extends contracts, lea...
