
Uncertainty, Delivered
Brent crude climbed to about $104 a barrel on Thursday as fears over Middle East oil supplies intensified. Shares fell across Europe and Asia, underscoring the international economic fallout of the conflict.
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Brent crude climbed to about $104 a barrel on Thursday as fears over Middle East oil supplies intensified. Shares fell across Europe and Asia, underscoring the international economic fallout of the conflict.

Paramount completed its takeover of Warner Bros. Discovery on Tuesday, forming Skydance. The deal brings major film studios, streaming services and news networks under common ownership, concentrating media power.

Brazil’s electoral court confirmed that Flávio Bolsonaro and President Luiz Inácio Lula da Silva will face an October 25 runoff after neither secured a majority, extending the contest for Latin America’s largest economy.

A fire broke out at an Aramco oil facility south of Riyadh on October 3 amid escalating Middle East hostilities. Independent reports confirmed the blaze, but its cause and any effect on oil supplies remained unclear.

G7 leaders agreed Friday to release 100 million barrels of oil and diesel reserves over four months to ease soaring fuel prices. They also pledged to avoid energy export restrictions between members.

European stocks fell sharply on Thursday as global bond-market turmoil unsettled investors. London, Paris and Frankfurt suffered losses, while US bond yields reversed an earlier rise later in the day.

US Defense Secretary Pete Hegseth announced a new drone command and confirmed a 20% reduction in generals and admirals on Wednesday, reshaping military leadership as autonomous warfare expands.

Trump and leaders of major AI firms announced a voluntary safety accord after a White House meeting Tuesday. It calls for internal controls and external audits but does not require government review.

Starship reached orbit and deployed satellites on September 28, but SpaceX shortened its planned test after engine trouble. The spacecraft returned over the Pacific and erupted in flames at splashdown.

Swiss voters rejected stricter constitutional neutrality rules on September 27. The result preserves the country’s ability to cooperate with NATO and impose sanctions against countries at war, including Russia.

At a September 24 White House summit, Xi Jinping called for stronger US-China communication and military crisis-prevention measures. The appeal matters beyond both countries, though differences over Taiwan, trade and technology remain.

Iranian President Masoud Pezeshkian told the UN that Tehran was willing to negotiate with the United States, but not under threats. His remarks kept diplomacy in view amid a war disrupting a major energy-shipping route.