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.
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.
Oil Holds Weekly Gain as Trump Says Iran Blockade Is Working
Oil held its second weekly gain as US President Donald Trump said he was sticking with a naval blockade of Iranian ports, elevating concerns the vital Strait of Hormuz would not reopen anytime soon.
