Oil
Spirit Prepares Shutdown as Trump Says He Made Final Offer
President Donald Trump said he delivered a final proposal to rescue Spirit Aviation Holdings Inc. but would only proceed if it’s a good deal for the US government — comments that cloud the fate of any bailout as the low-budget carrier lays the groundwork to end operations.
US Sanctions Iranian Exchanges, China Terminal on Oil Purchases
The Trump administration sanctioned three Iranian currency exchanges and a Chinese oil terminal on Friday, as the US adds to pressure on Tehran to end the war and reopen the Strait of Hormuz.
Takaichi Seeks to Reassure Japan Firms Over Naphtha Supply
Japanese Prime Minister Sanae Takaichi said there will be enough supply of naphtha to meet domestic demand until next year, even as companies raise concerns about supply chain instability following the effective closure of the Strait of Hormuz.
