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Oil Prices Surge Past $111 as Trump Extends Iranian Port Blockade

Key Points: President Donald Trump ordered aides to extend the United States naval blockade on Iranian ports indefinitely. Brent crude prices climbed for an eighth straight day to reach a staggering $111.78 a barrel. Iran continues to shut down the Strait of Hormuz, cutting off 20% of global oil supplies. United States gasoline inventories plummeted...

Bitcoin Price Drops Below $77,000 As Global Tensions Rise

Key Points: Bitcoin prices dropped below $77,000 following a failed attempt to hold gains above $79,000 earlier in the week. Rising oil prices, which topped $100 a barrel due to the ongoing standoff between the United States and Iran, hurt global financial markets. Investors wait anxiously for major interest rate decisions from global central banks,...

Brazil Investigates Airlines LATAM and Gol for Potential Price Fixing

Key Points: Brazil's antitrust regulator, CADE, launched an official investigation into the airlines LATAM and Gol for potential price collusion. The new administrative proceeding directly follows an initial probe that started back in 2023. Investigators used advanced data analysis to uncover suspicious ticket pricing patterns on major domestic flight routes. Both airlines will have the...