BOFA GLOBAL RESEARCH cut its price target for United Airlines (UAL.O) to $145 from $150.

ADNOC Logistics & Services (ADNOC L&S) has placed follow-on orders for three gas carriers totaling $324 mln.

Iraq plans to charter additional oil tankers, with at least two expected to be in place within days, to strengthen control of shipments through the contested Strait of Hormuz. State-owned Iraq Tankers Company intends to hire at least one VLCC and one Suezmax and will reissue tenders to lease more vessels. The move marks a policy shift: Iraq currently has no national fleet and has sold crude at deep discounts to entice buyers willing to send ships into the Gulf. Domestic firms have already bought at least two VLCCs, one reportedly for about $200m last month — a record price for vessels of that class. Leases are expected to run through year-end.