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Neil Crosby of Sparta Commodities says reopening the Strait of Hormuz will be slow; restoring flows to above 50% could take about a month. After the recent sharp oil-price pullback, he says price risks are clearly skewed to the upside because many th

2026-06-15

Neil Crosby of Sparta Commodities says reopening the Strait of Hormuz will be slow; restoring flows to above 50% could take about a month. After the recent sharp oil-price pullback, he says price risks are clearly skewed to the upside because many things could still go wrong, while further downside is limited if events proceed as planned. Even if the political process advances, vessels trapped in the Persian Gulf will likely leave slowly and mine‑clearing will also take time.

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2026-06-16

British Chancellor of the Exchequer Reeves: I very much hope that we will not need to raise taxes in the next budget.

British Chancellor of the Exchequer Reeves: I very much hope that we will not need to raise taxes in the next budget.
2026-06-16

Hong Kong-listed sportswear stocks extended losses: Li Ning (02331.HK) fell over 5%, 361 Degrees (01361.HK) fell more than 4%; Anta Sports (02020.HK), the outdoor retailer (02720.HK), Xtep International (01368.HK) and Yue Yuen Industrial (00551.HK) e

Hong Kong-listed sportswear stocks extended losses: Li Ning (02331.HK) fell over 5%, 361 Degrees (01361.HK) fell more than 4%; Anta Sports (02020.HK), the outdoor retailer (02720.HK), Xtep International (01368.HK) and Yue Yuen Industrial (00551.HK) each dropped over 2%.
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