Archie Hunter

Iraq uses a vast fleet of trucks to carry fuel oil through Syria and reroute flows away from the Strait of Hormuz, rapidly transforming its neighbor into the Middle East's

Iraq uses a vast fleet of trucks to carry fuel oil through Syria and reroute flows away from the Strait of Hormuz, rapidly transforming its neighbor into the Middle East's

Iraq uses a vast fleet of trucks to carry fuel oil through Syria and reroute flows away from the Strait of Hormuz, rapidly transforming its neighbor into the Middle East's

The trading arm of Chinese copper giant CMOC Group Ltd. is making a push into iron ore with a deal to finance a mining company in Brazil.

Vitol Group and Cargill Inc. have stopped trading with Radiant World, a private firm that’s rapidly risen to become one of the world’s largest iron ore traders, while Glencore Plc is no longer doing new business with the company, according to people familiar with the matter.

In a corporate presentation in December 2024, Radiant World boasted of its “diverse network” of suppliers and counterparties.

Investors in Jefferies Financial Group Inc.’s Point Bonita Capital started asking for all their money back last year when it emerged that the fund’s biggest exposure was to collapsing auto supplier First Brands Group.

Jefferies Financial Group Inc. has been told that some of the invoices underpinning its financing to an iron ore trader called Sapphire Minmetals Corp. are not genuine, according to people familiar with the matter.

The cost of hiring a supertanker to carry oil on the benchmark Middle East-to-China route approached $500,000 a day, as the Iran war continues to deter many shipowners from entering the Strait of Hormuz.

Fewer owners are entering the Persian Gulf after attacks near Hormuz, tightening vessel supply and lifting benchmark earnings from about $200,000 before the war.