The world's largest container carrier plans a new service linking Europe with isolated Middle East ports, using trucking across Saudi Arabia and smaller vessels in the Persian Gulf instead of transiting the blocked Strait of Hormuz.
From watching too much Nordic noir, I have learned the key lessons to Scandinavian safety: Stay out of the deep woods, avoid all "rustic villagers," flee every solstice or equinox ritual, and run screaming from any creature (human or otherwise) wearing antlers in the wrong anatomical location.
More than two months into a conflict that has failed to deliver a decisive military or diplomatic win, President Donald Trump faces the risk that a standoff with Iran will drag on indefinitely and leave an even bigger problem for the U.S. and the world than before he launched the war.
As President Donald Trump claims signs of disarray in Iran's wartime leadership, one key player appears to be accumulating sizable influence ... read more
Elon Musk seems tired and cranky. On Thursday, he took the stand for the third day in a four-week trial stemming from his lawsuit alleging that OpenAI abandoned its mission and should be blocked from taking the company public later this year. If Musk plays his cards right, Sam Altman could be ousted and OpenAI would remain a nonprofit forever. But Musk stumbled at least seven times in ways that possibly put his chances at winning in jeopardy.
Exxon Mobil CEO expects higher oil prices due to Iran war: The market hasn't seen the full impact'
www.cnbc.com
... CEO Darren Woods warned Friday that the market has not absorbed the full impact of the unprecedented oil supply disruption triggered by the Iran war and the closure of the Strait of Hormuz.
The disruption has been mitigated by the large number of loaded oil tankers that were in transit during the first month of the war, Woods told investors on Exxon's first-quarter earnings call. Strategic petroleum reserves have also been released and commercial inventories drawn down, the CEO said.
One of these supply sources will become exhausted as the conflict goes on, Woods said. Oil prices will then increase as the strait remains closed, he said.
"It's obvious to most that if you look at the unprecedented disruption in the world supply of oil and natural gas, the market hasn't seen the full impact of that yet," Woods said.
"There's more to come if the strait remains closed," the CEO said. ...
US to withdraw 5,000 troops from Germany in next 6-12 months, fulfilling Trump's threat
www.newsnationnow.com
... The United States will withdraw about 5,000 troops from Germany in the next six to 12 months, the Pentagon said Friday, fulfilling President Donald Trump's threat as he clashes with the German leader over the U.S. war with Iran.
Trump had threatened to withdraw some troops from the NATO ally earlier this week after Chancellor Friedrich Merz said the U.S. was being "humiliated" by the Iranian leadership and criticized Washington's lack of strategy in the war.
Pentagon spokesman Sean Parnell said in a statement that the "decision follows a thorough review of the Department's force posture in Europe and is in recognition of theater requirements and conditions on the ground."
Germany hosts several U.S. military facilities, including the headquarters of its European and Africa commands, Ramstein Air Base and a medical center in Landstuhl, where casualties from the wars in Afghanistan and Iraq were treated. U.S. nuclear missiles are also stationed in the country.
The number of troops leaving Germany would be 14% of the 36,000 American service members stationed there.
German Defense Minister Boris Pistorius called it "foreseeable" that the U.S. would withdraw troops from Europe and Germany, while he sought to stress mutual benefit from the U.S. military presence on the European continent.
"The presence of American soldiers in Europe, and especially in Germany, is in our interest and in the interest of the U.S.," Pistorius told the German news agency dpa, while adding that European allies needed to adjust their defense postures -- and were doing so. ...
She always seemed mostly to be about the perks the office provided for her, and little about serving the American people