Daily brief
Oil prices jumped after fresh U.S. strikes on Iran, while the U.S. imposed sanctions on Iran’s Persian Gulf Strait Authority over its links to the Islamic Revolutionary Guard Corps. Reports of a possible US-Iran peace deal later eased prices, and the Strait of Hormuz has seen three months of disruption. India’s energy investment is set to hit a record $170 billion in 2026, and Malaysia is boosting domestic gas use amid record power demand.
Chevron’s CEO warned oil prices would jump over the summer as supplies dwindle.
Chinese industry profits surged, boosted by AI and oil prices.
Solar stocks rose 40% year-to-date as a Section 232 tariff decision looms.
TotalEnergies announced a $5.2 billion offshore wind project in Normandy.