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Uber agrees to buy Delivery Hero in $14.8 billion deal
Uber offered to pay $47.60 a share and will acquire Delivery Hero’s operations in 50 markets, the company said in a statement on July 16.
U.S. launches more Iran strikes over Strait of Hormuz
The U.S. launched more airstrikes on Iran on July 15, after President Donald Trump pledged to intensify the bombardment until Tehran stops attacking ships.
U.N. maritime chief warns Hormuz too dangerous for ships
IMO Secretary-General Arsenio Dominguez said the Strait of Hormuz remains too dangerous for commercial vessels despite previous U.S.-Iran peace efforts.
U.S. supports Iraq-Syria pipeline that would bypass Hormuz
The U.S. is advancing talks for a pipeline that would carry oil from Iraq to Syria, a route that avoids Hormuz and would reduce Iran’s future leverage over energy.
Uber is in advanced talks to acquire Delivery Hero
Uber has previously approached Delivery Hero with an offer of 33 euros per share, but investors have been betting that a higher price will be required to seal the deal.
Iran shipped 57M barrels of crude oil between U.S. blockades
In the period between the two U.S. naval blockades, Tehran was able to ship at least 2.2 million barrels a day, a very high level by recent standards.
Trump’s Jones Act waiver sparks long-term policy fight
Oil and gas groups say the waiver lowered fuel costs and improved supply, while maritime advocates warn it threatens shipbuilding investment, jobs and national industry capacity.
Shipowners weigh Hormuz risks as U.S.-Iran deal crumbles
The risk of a return to all-out war appeared to be rising on July 8, with Trump warning that the U.S. would probably launch further strikes on Iran.
Rivian plans 75 million-share sale tied to DOE loan
Rivian's stock tumbled the most in more than a year after it said it will sell 75 million shares to fund equity contributions related to an Energy Department loan.
Latest Amazon bond demand cools after March debt sale
When Amazon sold its biggest-ever bond earlier this year, it was inundated with investor orders amid hype about the AI boom. This time around, there’s less fanfare.