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Gold surged past $4,200 on Wednesday, but is the "bull market frenzy" of last year about to restart? The first wave of funds has already entered the market—what does this really mean? How long can this correction last?

2026-08-06

Gold surged past $4,200 on Wednesday, but is the "bull market frenzy" of last year about to restart? The first wave of funds has already entered the market—what does this really mean? How long can this correction last?

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2026-08-06

IRNA reported Iran deputy foreign minister Gharibabadi said Tehran and Muscat are close to finalizing an agreement that would close the Strait of Hormuz’s two existing commercial transit lanes — the northern lane under Iranian control and the souther

IRNA reported Iran deputy foreign minister Gharibabadi said Tehran and Muscat are close to finalizing an agreement that would close the Strait of Hormuz’s two existing commercial transit lanes — the northern lane under Iranian control and the southern lane adjacent to Omani waters. Under the proposed passage regime, parts of commercial vessels’ entry to and exit from the strait would transit Iranian territorial waters. The arrangement is described as temporary and expected to be usable for about 2–4 months. Gharibabadi denied reports of direct US‑Iran negotiations but said Iran received US messages and that Washington indicated readiness to resume commitments under a previously signed memorandum of understanding.
2026-08-06

Phillips 66 (PSX.N): The company is increasing jet fuel production at its Washington state refinery.

Phillips 66 (PSX.N): The company is increasing jet fuel production at its Washington state refinery.
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