Over 40 nations have launched a multinational coalition led by the UK to reopen the Strait of Hormuz, blocked by Iran since the outbreak of the US-Iran war. The diplomatic push aims to restore global oil and LNG supply routes as energy prices surge worldwide.
Adani Ports is reportedly evaluating a bid to acquire a controlling stake in UK's Associated British Ports (ABP) in a deal valued at over £10 billion, expanding Gautam Adani's global port network into Western Europe.
The Fed held interest rates at 3.50%-3.75% in a divided 9-3 vote, as inflation concerns and Mideast oil price pressures complicate the path to its 2% target.
