Business news today is shaped by mounting geopolitical and political risk. Goldman Sachs is warning that Brent crude could spike above $120 a barrel if disruption in the Strait of Hormuz persists, underscoring how vulnerable energy markets remain to renewed Middle East conflict e...
Business news today is shaped by mounting geopolitical and political risk. Goldman Sachs is warning that Brent crude could spike above $120 a barrel if disruption in the Strait of Hormuz persists, underscoring how vulnerable energy markets remain to renewed Middle East conflict even as its base case still assumes prices ease back later this year. In Britain, Thames Water’s lenders are scrambling to sweeten a rescue plan with a possible government “golden share,” a sign of how fraught the balance has become between private capital and public control over essential infrastructure. In the US, Nintendo is fighting a class action from Switch buyers seeking a share of tariff-related refunds, while the Gates Foundation says an external review found no evidence of payments to Jeffrey Epstein or related criminal conduct. Meanwhile, diplomats are working to stop a potentially damaging US rupture with the UN refugee agency, with funding and governance both in play.
Top Business stories
- Goldman flags risk of Brent topping $120 if Strait of Hormuz disruptions persist (10 sources)
- Thames Water lenders consider ‘golden share’ to avert UK nationalisation (8 sources)
- Nintendo asks court to dismiss class action seeking tariff refunds for Switch buyers (7 sources)
- Gates Foundation external review finds no evidence of payments to Jeffrey Epstein (6 sources)
- Asian stocks rise as Middle East mediation lowers oil prices (5 sources)
- Diplomats work to prevent US split with UN refugee agency UNHCR (5 sources)
- Tesla expands Robotaxi service to Orlando and Tampa ahead of upcoming earnings (5 sources)
- London Stock Exchange to launch near-continuous trading venue LSE 24 in 2027 (4 sources)
Preston Poster
Author at IfHighLow
