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Ships warned to avoid Red Sea, log Hormuz voyages after Israel hits Iran

Editor June 13, 2025


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Analysis-OPEC would struggle to cover major Iranian oil supply disruption
LONDON (Reuters) -Oil market participants have switched to dreading a shortage in fuel from focusing on impending oversupply in just two days this week.After Israel attacked Iran and Tehran pledged to retaliate, oil prices jumped as much as 13% to their highest since January as investors price in an increased … Read More >>

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Amazon reorganizes healthcare business, CNBC reports
The company has been working on an overhaul for the past several months, the report said, adding that the online retailer has not conducted any broad layoffs as part of the plan.Amazon’s chief medical officer, Sunita Mishra, stepped down last month and another top executive, Aaron Martin, who has been the vic … Read More >>

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OpenAI to continue working with Scale AI after Meta deal
PARIS (Reuters) -OpenAI plans to continue working with Scale AI after rival Meta on Friday agreed to take a 49% stake in the artificial intelligence startup for $14.8 billion, OpenAI’s CFO Sarah Friar told the VivaTech conference in Paris.Scale AI provides vast amounts of labelled or curated training … Read More >>

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Ships warned to avoid Red Sea, log Hormuz voyages after Israel hits Iran
ATHENS (Reuters) -Merchant shipping is continuing to pass through the Strait of Hormuz despite Israel’s attacks on Iran on Friday, the multinational, U.S.-led Combined Maritime Force said, although some shipowners were looking to avoid the region.Iran has in the past threatened to close the critical Strait of … Read More >>

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