The move followed the collapse of weekend talks between Washington and Tehran, prompting President Donald Trump to say on Sunday the U.S. Navy would enforce a blockade targeting vessels entering and leaving Iranian ports, even as Washington stressed it would not restrict transit through the strait itself. Trump’s announcement effectively slowed oil tanker movements in the strait, with...
Author: Economic Time
Post
Post
Germany plans $1.9 billion of fuel price relief to tackle energy crisis
April 13, 20268:39 AM GMT+1Updated 58 mins ago BERLIN, April 13 (Reuters) – Germany’s coalition government has agreed fuel price relief for consumers and businesses worth 1.6 billion euros ($1.9 billion), ending a dispute over how to respond to an oil price surge triggered by the Iran war. The energy tax on diesel and petrol will...
Post
Equinor aims to sell 8% stake in solar energy firm Scatec
Norway’s Equinor (EQNR.OL), opens new tab said on Monday it is contemplating a sale of some 12.9 million shares in Scatec, representing around 8.1% of the solar energy firm’s share capital. Equinor said Brokers Morgan Stanley and Nordea are conducting an accelerated bookbuilding to sell the stake, which represents around half of the oil and energy company’s...
Post
Meta just provided its clearest look yet at its AI plan. It’s about time
Meta’s AI app is shown on a smartphone on March 7, 2026. Matthias Balk/picture alliance/Getty ImagesNew York — Meta’s most important launch in years may not be its latest Ray-Ban glasses or its AI app. Instead, it could be the new AI model it introduced on Wednesday, hinting at how its billions in AI investments could one...
Post
What the Artemis II crew shared in first remarks after return to Earth
The astronauts arrived Saturday at Ellington Field at Johnson Space Center in Houston to cheers, a standing ovation and hugs from NASA Administrator Jared Isaacman. The crewmates reunited with their families at the site for the first time since their historic 10-day journey around the moon concluded. Isaacman referred to the mission as “the greatest adventure...
Post
Saudi Arabia restores full capacity on East-West oil pipeline to 7 million bpd after attacks
CAIRO, April 12 (Reuters) – Saudi Arabia has restored full oil pumping capacity through the East-West pipeline to about seven million barrels per day, it said on Sunday, days after providing an assessment of damage on its energy sector from attacks during the Iran conflict. The ministry said energy facilities and the pipeline affected by attacks during the conflict have...
Post
Oil prices stay high despite US temporarily lifting sanctions on Russian oil stranded at sea
A tourist watches the MT Desert Kite oil tanker carrying Russian oil at Narara Marine National Park in the Arabian Sea, Gujarat, India, on March 11, 2026. Amit Dave/Reuters Oil prices traded near their highest level since 2022 Friday, shrugging off the Trump administration’s earlier decision to temporarily allow the delivery and sale of sanctioned seaborne...
Post
Global oil price stuck in triple digits. Goldman Sachs says it may stay there for years
A flare stack burns at the PCK Schwedt oil refinery beyond a sign for fuel prices at a gas station in Schwedt, Germany. Krisztian Bocsi/Bloomberg/Getty ImagesHong Kong — Oil prices dipped Friday but remained well above $100, with energy infrastructure in the Middle East damaged and the vital Strait of Hormuz still largely shut. Goldman Sachs even...
Post
Tiger Woods isn’t at Augusta for the Masters after his wreck in Florida. He’s still top of mind for much of the field
Tiger Woods of the Jupiter Links Golf Club plays his shot from the second tee the TGL finals golf tournament in Palm Beach Gardens, Florida, on March 24. Reinhold Matay/APAugusta, Georgia — As you’d expect, much of the conversation around this week’s Masters revolves around the golfers competing at Augusta National for the famed green jacket. But just beneath...
Post
Anthropic’s latest AI model could let hackers carry out attacks faster than ever. It wants companies to put up defenses first
Updated Apr 7, 2026 Dario Amodei, co-founder and chief executive officer of Anthropic, during the company’s Builder Summit in Bengaluru, India, on Monday, Feb. 16, 2026. Samyukta Lakshmi/Bloomberg/Getty Images Anthropic will make its new AI model available to some of the world’s biggest cybersecurity and software firms in an effort to slow the arms race ignited...