Global diesel prices surged as Ukraine and Iran struck refineries in Russia and the Middle East.
Chevron and Exxon hit all-time highs as refining profits soar in reaction to Iran and Ukraine wars
Source: CNBC
Original reporting
CNBC: read the full reportFollow this story
Earlier reports and follow-ups on the same developing story.
Related stories
CNBC2 outlets
Binance's $6.3 billion hack: What we know and what comes next
Billions in crypto assets have been frozen following a potential Binance security breach, raising questions about whether the funds can be recovered.
The Guardian
Poundland in peril: how rampant inflation and price wars left £1 stores exposed
With the chain on the brink of administration, its low-profile US owners face questions about their conduct “It was a very successful and simple proposition,” laments one former Poundland boss. With every product in the shop sold at £1, and the price in its name, its proposition to shoppers was the clearest of any UK high street chain. Now the UK’s first and biggest nationwide single-price retailer could disappear amid heavy competition and inflation that has eaten into its ability to offer bargains. Continue reading...
The Guardian
FBI working with Binance after crypto exchange hit by $6.3bn heist – business live
Blockchain intelligence firm TRM says North Korea’s TraderTraitor hacking unit is responsible for the largest crypto theft on record Explainer: How big a deal is this, who did it, and are investments safe? Tell us: have you been affected by the Binance hack? Full story: North Korean group blamed for biggest ever crypto heist Most major cryptocurrencies have fallen in value since news of the Binance theft broke, Coinmarketcap data shows . That includes: Bitcoin : -2.35% over the last 24 hours, to $77,940 Ethereum : -3.6%, to $2,227 BNB : -5.6%, to $706 Solana : -2.67%, to $97 Chainlink : -3.1%, to $11.02 Temporarily suspended withdrawals while we complete a security revamp of the withdrawal service and its related addresses Revoked the affected address authorizations Engaged law enforcement and blockchain intelligence partners to trace and recover funds Our team hasn’t stopped. We’re work
CNBC
Class action lawsuit blames Trump officials for student loan forgiveness delays
The American Federation of Teachers sued the Trump administration, alleging it unlawfully blocked student loan forgiveness for tens of thousands of borrowers.
BBC Business
Yorkshire Water boss resigns after firm downgraded
Nicola Shaw, who has led the company since 2022, will step down in January, it is announced.
CNBC
$6.3 billion Binance hack is largest crypto theft on record
Binance says a security breach impacted about $6.3 billion in assets. The exchange says roughly $3 billion has been frozen and losses will be covered.