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31d06/12

U.S. and Uzbekistan Deepen Economic Ties With New Investment Pact

The United States and Uzbekistan are working to expand business-to-business contacts with the aim of expanding US trade and investment in some key economic sectors, including mining, energy, IT, agriculture, and artificial intelligence. US Assistant Secretary of Commerce David Fogel signed a memorandum of understanding with Laziz Kudratov, the Uzbek minister of investment, on June 9 in Tashkent, outlining plans to facilitate business delegation visits and promote investment opportunities. “The M

◇ unclassifiedmiddle-east · russia · usa
31d06/12

Pace of US Oil Drilling Inches Up

The total number of active drilling rigs for oil and gas in the United States rose this week, according to new data that Baker Hughes published on Friday, bringing the total rig count in the US to 563, up 1 from this same time last year. The number of active oil rigs rose by 2 for the second week in a row to 433 during the latest reporting period, according to the data. This is 6 below this same time last year. The number of gas rigs fell by 3 to 121, which is 8 more than this time last year. Th

◇ unclassifiedmiddle-east · russia · usa
31d06/12⚠ war-conflict · 3/5

U.S. Military Helping Move 7 Million Bpd Out of Persian Gulf, Wright Says

U.S. Energy Secretary Chris Wright just gave the market a number that helps explain why Brent crude isn't trading at $150 per barrel. Speaking at a Bloomberg Energy event in Houston on Friday, Wright said the U.S. military is now helping move roughly 7 million barrels per day (bpd) of oil out of the Persian Gulf. According to Wright, that's about half of the oil that remains stranded following the disruption of tanker traffic through the Strait of Hormuz during the ongoing U.S.-Israeli conflict

◇ unclassifiedmiddle-east · russia · usa
31d06/12⚠ war-conflict · 3/5

A War of Words Sends Brent Crude to a Two-Month Low

Oil prices slid to a two-month low as conflicting signals from Washington and Tehran fueled uncertainty over a potential U.S.-Iran deal, keeping traders on edge throughout a volatile week. Friday, June 12, 2026 In a particularly volatile trading week, the allocation of roles between Iran and the United States seemed to have switched constantly. If an impending deal was announced by US President Trump, Tehran would deny it, and reversely if the Iranian leadership broke the media silence with talk

◇ unclassifiedmiddle-east · russia · usa
31d06/12⚠ war-conflict · 2/5

Huawei is considering deploying Ascend AI chips in Latin America, cloud chief says

Huawei Technologies is studying whether to run its newest Ascend artificial intelligence chips inside its cloud and AI services in Latin America, a senior executive has confirmed, in a move that would push Chinese-designed hardware deeper into a region long courted by US suppliers. Mark Chen, president of Huawei Cloud Latin America, gave the confirmation in an exclusive interview with the South China Morning Post after his presentation at the Rio Web Summit, the technology and innovation...

◇ unclassifiedchina · asia · usa
31d06/12⚠ war-conflict · 3/5

Europe Wary Of Too Much Dependence on U.S. LNG

European buyers aren’t committing to long-term LNG supply agreements with U.S. exporters despite the ongoing EU phase-out of Russian gas imports and the supply crisis in the Middle East. U.S. developers and proponents of new LNG export facilities in America have been trying to lock in long-term supply deals with European importers, with little success so far this year, U.S. executives have told Bloomberg. The Europeans are interested in discussions, but not really committing to long-term supply

◇ unclassifiedmiddle-east · russia · usa
31d06/12

this might be one of the few IPOs where the company isn't the only story

a public debut. the world's first paper trillionaire. retail order books measured in tens of billions. late-night shows talking about it. financial media treating it like a market event rather than a company event. feels like we're watching a stock listing, a cultural event and a liquidity event all happening at the same time. trying to think of a recent IPO that checked all three boxes. submitted by /u/GargoylePancake [link] [comments]

Social◇ unclassifiedsocial-signal
31d06/12

Nigeria's Crude Oil Production Hits 15-Month High

Nigeria’s crude oil output jumped to a 15-month high in May as Africa’s top producer continues to ramp up production, data from the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) showed. Nigeria pumped 1.53 million barrels per day (bpd) of crude last month, the highest level since January 2025, as the African country now produces at its ceiling per the OPEC+ group’s agreements, after years of failing to do so due to sabotage, oil theft, and oil spills. Nigeria actually produced 102% o

◇ unclassifiedmiddle-east · russia · usa
31d06/12

US-China talks need to be ‘institutionalised’ to ease tensions in AI era: Haass

The United States and China should hold regular high-level meetings and deepen cooperation on emerging technologies such as artificial intelligence, as greater transparency is essential to avoid a downturn in relations, a veteran US diplomat has said. Richard Haass, president emeritus of the Council on Foreign Relations, said meetings between senior officials from Washington and Beijing should become routine, rather than being treated as “news”. “This is a relationship that needs to be...

◇ unclassifiedchina · asia · usa
31d06/12⚠ war-conflict · 3/5

Trump Says Iran Peace Deal Could Be Signed Within Days

US President Donald Trump ‌has claimed that a "great settlement" has been reached with Iran to end the Middle East war and that the agreement could be signed as early as this weekend, possibly in Europe. "We just made a great settlement of the war with Iran," Trump told reporters in the Oval Office on June 11. He added, though, that the agreement is still "subject to finalization of documents, which should get done, over the next few days, probably have a signing, maybe in Europe." Asked by repo

◇ unclassifiedmiddle-east · russia · usa
31d06/12⚠ war-conflict · 2/5

The Strange Defeat of Nuclear Deterrence

[Excerpt from essay by Rose Gottemoeller, William J. Perry Lecturer at the Center for International Security and Cooperation and a Research Fellow at the Hoover Institution at Stanford University. From 2016 to 2019, she served as Deputy Secretary-General of NATO. She is the author of Security Through Cooperation: Space, Nuclear Weapons, and U.S.-Russia Relations After the Cold War.] In June 2025, Ukraine’s security services staged an audacious strike inside Russia. They infiltrated the country a

Social◇ unclassifiedusa · china · russia
31d06/12

£210k to invest - I narrowed down to 2, max 3 ETFs, wanted to discuss (90% goes to All-World, rest something for “fun”)

Hi Everyone, After a week of heavy research I think I have finally narrowed down to ETFs I want to invest in. Wanted to ask about final opinion as this Sub was very helpful. I invest in GBP in the UK but these are popular ETFs with Euro equivalent too. 1) £180k – either SWDA or ACWI, the difference is in annual fee 0.2% for BlackRock SWDA or 0.12% for ACWI from State Street. I understand both are the most popular (along with Vanguard) and reputable Global ETFs. 2) £10k-£15k – AVWS – I wasn’t thi

Social◇ unclassifiedeurope · usa · uk
31d06/12⚠ war-conflict · 3/5

Russian Governors Rush to Deny Fuel Crisis as Rationing Spreads

Russia's authorities and regional governors are racing to assure residents there are no fuel shortages amid an intensified Ukrainian drone campaign at Russian refineries and fuel supply roads. Ukraine has stepped up attacks this month on key fuel supply routes in its territories occupied by Russia, including Crimea and Mariupol. Several Russian regions have been experiencing fuel shortages as Ukraine hits Russian oil refineries. Last week, the Moscow Times reported that some gasoline stations in

◇ unclassifiedmiddle-east · russia · usa
31d06/12⚠ war-conflict · 3/5

Norway Pitches Arctic Resources as Key to EU Energy Security

Norway has intensified its charm offensive to persuade the European Union to drop its ban on Arctic drilling by campaigning that oil and gas resources in the High North would be better for the energy security of its closest ally than LNG supplies from the Middle East or the United States. Norway, which is not a member of the EU but is the biggest gas supplier to European markets, has been lobbying the bloc this year to drop its opposition to drilling in the Arctic. The Iran war and the biggest o

◇ unclassifiedmiddle-east · russia · usa
31d06/12⚠ shipping-routes · 2/5

US and Iran inch closer to signing deal to reopen Strait of Hormuz

The US and Iran may sign an agreement to reopen the Strait of Hormuz on the sidelines of the Group of Seven world leaders summit next week, according to senior officials. A senior Iranian official indicated overnight that a deal is likely, said a G7 official and a diplomat from outside the group, who both asked not to be named discussing sensitive matters. This year’s G7 summit takes place in Evian, in the French Alps, from June 15 to June 17. Geneva, in Switzerland, is nearby and being floated.

◇ unclassifiedchina · asia · iran
31d06/12

SpaceX IPO could be the biggest stock market gamble in history

I see a thousand possible futures, but in none of them does buying SpaceX shares today look like a good deal. I believe the SpaceX IPO could be the biggest stock market gamble in history. Bigger than anything we have seen in our lifetime. In my opinion, investors who buy at these prices risk losing a large part of their capital. The company has about $18 billion in revenue, loses around $5 billion a year, and is valued at $1.75 trillion. That is about 94 times annual revenue for a money-losing b

Social◇ unclassifiedusa
31d06/12

Hong Kong to grant 3 property sites to sweeten East Kowloon transit project tender

Three property sites will be handed over to the future operator of the planned green transit system in Hong Kong’s East Kowloon to boost the project’s financial viability under arrangements approved by the government. The project, which will link Choi Hung and Ma Yau Tong, will be put to tender next month with the goal of opening the 7km (4.3 mile) rail line by 2033. Similar to the arrangements for the transit system in Kai Tak, the successful bidder for the East Kowloon project will be...

◇ unclassifiedchina · asia
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