Evian: The global energy chokepoint, the Strait of Hormuz, will see a gradual increase in ship traffic following the US-Iran peace deal, but the traffic of pre-war levels could take several months as uncertainties remain over the reopening of the vita…
Washington: The US Strategic Petroleum Reserve (SPR), the nation’s emergency crude oil stockpile, has decreased to its lowest point in 43 years following significant drawdowns intended to alleviate supply pressures during the Iran war.
According to …
Washington: US housing starts fell sharply in May, missing market expectations by a wide margin and signaling weakness in residential construction activity, according to data released Tuesday by the Census Bureau and the Department of Housing and Urba…