Energy

US helps double oil volume exiting the Gulf, with the military now guiding ships in broad daylight - Fortune

Source: Fortune

―

DW NOTE

The US military is now escorting civilian tankers through the Gulf in daylight — a step beyond discretion that acknowledges the scale of the problem. The Strait of Hormuz has been effectively closed since late September, with just one ship transiting on September 20 versus the normal 85. Global oil inventories fell by 3.1 million barrels per day in August, yet Brent trades at $104, down 11.8% from its yearly high.

Read the full story at Fortune →

Bitcoin drops below $80,000 as crypto ignores Asian tech rally, Fed meeting begins

Bitcoin fell 0.4% to around $79,700 since midnight UTC while Asian tech stocks rallied. The DeFi index dropped 1.8%, and the Fed is set to begin a two-day meeting.

Amundi Says ‘Worst Is Behind Us’ as Gold Flirts With $4,000 - Bloomberg.com

Gold retreats on stronger dollar; traders brace for Fed - Kitco

India Rejects Claims of U.S. Pressure Over Russian Oil Purchases

The United States has not pressured India to cut crude oil imports from Russia, Indian Oil Minister Hardeep Singh Puri said on Tuesday, as Russian cargo arrivals to the world’s third-largest crude oil importer have declined in recent weeks amid an increase in imports from the Middle East. India’s pu

Read more

Bitcoin drops below $80,000 as crypto ignores Asian tech rally, Fed meeting begins

Amundi Says ‘Worst Is Behind Us’ as Gold Flirts With $4,000 - Bloomberg.com

Gold retreats on stronger dollar; traders brace for Fed - Kitco

India Rejects Claims of U.S. Pressure Over Russian Oil Purchases