ECB cautions on AI stock correction
The fuel crisis returns to Russia as attacks on oil refineries resume, threatening market supplies. In an unusual move, the first Korean oil tanker passed through the Suez Canal instead of the Strait of Hormuz, amid geopolitical tensions and security threats affecting global oil trade. Reports also indicate a plan worth $15 billion and a four-year program to create an alternative to the Strait of Hormuz between Iraq and Syria, aimed at reducing reliance on the strait and stabilizing international oil supplies.
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