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Iran doesn’t stand to make much money with traffic through the Strait of Hormuz nearly at a standstill, but it can rake in billions in Chinese yuan, or hundreds of millions in U.S. dollars per month, once the transit of tankers through the crucial waterway is restored to normal.
Source
MarketWatch
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The West Texas Intermediate was up 0.62% at $98.48 per barrel as of 7:50 p.m. ET. Brent crude ended the session at $95.92 per barrel.
Hainan Airlines Holding Co. is looking to return to the bond market after going through a debt restructuring more than four years ago, according to people familiar with the matter.
An earnings beat by Contemporary Amperex Technology Co. Ltd. next week may set the stage for a short squeeze, after a surge in the battery maker’s shares on bets tied to soaring energy prices.
Fast Retailing Co. shares rose to a record after the Japanese apparel retailer raised its full-year operating profit outlook, thanks to strong margins and gains driven by strong Uniqlo demand in the US and Europe.
