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ARAMCO CEO said nearly 3 billion barrels of oil supply have been lost, roughly half of the oil and products normally shipped through the Strait of Hormuz. He said more than 1 billion barrels of that loss have been mitigated, mostly from onshore comme

2026-10-05

ARAMCO CEO said nearly 3 billion barrels of oil supply have been lost, roughly half of the oil and products normally shipped through the Strait of Hormuz. He said more than 1 billion barrels of that loss have been mitigated, mostly from onshore commercial inventories, which he described as 'the last major tool'.

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2026-10-05

Global Head of FX at Amundi Asset Management: Over the past month, the firm’s view on the pound has become more positive, and we currently hold a slightly overweight position on the pound.

Global Head of FX at Amundi Asset Management: Over the past month, the firm’s view on the pound has become more positive, and we currently hold a slightly overweight position on the pound.
2026-10-05

Romanian media reported on Oct. 5 that a grain-carrying vessel caught fire and sank in the Black Sea off Romania, killing two crew and rescuing 11. Romania's maritime authority said it received a report of a serious maritime incident at about 11:00 l

Romanian media reported on Oct. 5 that a grain-carrying vessel caught fire and sank in the Black Sea off Romania, killing two crew and rescuing 11. Romania's maritime authority said it received a report of a serious maritime incident at about 11:00 local time in Romania's exclusive economic zone. HotNews reported the ship was struck by a drone. The vessel, flagged to St Kitts and Nevis, was en route to Ravenna, Italy and had been scheduled to arrive on Oct. 12.
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