Why oil traders are watching the Strait of Hormuz

Israel’s strikes against Iran have threatened to ignite a regional conflict that disrupts oil supplies across the Middle East, with traders reviving the decades-old question of whether Tehran could respond by closing the vital industry chokepoint at the Strait of Hormuz. Brent crude, the global benchmark, surged 12 per cent to a high of $78.5…

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Oil in the new age of volatility

Stay informed with free updates Simply sign up to the Global Economy myFT Digest — delivered directly to your inbox. In recent years, June Fridays have often been viewed by financiers as a good moment to work from home. Not now.  As news spread about the Israeli air strikes on Iran, traders across Wall Street…

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AI data scrapers are an existential threat to Wikipedia

Wikipedia is under threat from the AI boom Chris Dorney / Alamy Wikipedia is one of the greatest knowledge resources ever assembled, containing crowdsourced contributions from millions of humans worldwide – and it faces a growing threat from artificial intelligence developers. The non-profit Wikimedia Foundation, which operates Wikipedia, says since January 2024 it has seen…

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Panthers, Defenders meet for UFL championship

Jun 13, 2025, 06:00 AM ET The reign of the Birmingham Stallions is over, and the UFL will crown a new champion on Saturday (8 p.m. ET, ABC/ESPN+) at The Dome at America’s Center in St. Louis. The Stallions, who had won three consecutive spring football league titles (two in the USFL and the first…

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The trouble with MAGA’s manufacturing dream

In the late 1940s, as the industrial capacity of Europe and Japan lay in tatters, America accounted for over half of global manufacturing output, with much of the world heavily reliant on its wares. Last year it accounted for little over a tenth, and imported $1.2trn more in merchandise than it exported—to the displeasure of…

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