Oil company shares soar to all-time highs as Middle East war turbocharges price per barrel

Shares in big oil companies have soared to all-time highs since the war in Iran began and sparked historic price rises on global oil and gas markets.The combined market value of the six stock market-listed western “super majors” has soared by more than $130bn in the two weeks since the first US-Israeli attacks on Iran.The energy supply shock caused by the conflict has resulted in record stock market valuations for London-listed Shell, Europe’s largest oil company, as well as US oil companies ExxonMobil and Chevron.The market shock is expected to deliver multibillion-dollar windfalls for the industry, even as sites in the Middle East are hit by the conflict.US oil companies can expect a $63

Beyond the strait: why attacks on Kharg Island could keep oil prices high

About 20 miles off the coast of Iran lies the source of the petrostate’s economic lifeblood and the latest target of US military aggression: an 8 sq mile coral island through which nine in every 10 barrels of Iranian crude passes each day.The US president’s decision to launch a weekend attack on Kharg Island, the home of Iran’s processing hub and the heart of its economy, is an unsurprising counterstrike to the Iranian regime’s ongoing chokehold on the oil market’s trade artery.But uncertainty over future oil production by one of the world’s largest producers, is also likely to cause further market volatility after weeks of historic price increases.Donald Trump ordered the US military attack on Iran’s most strategic economic asset on Saturday, exactly two weeks after the US-Israeli strikes which began the war and led to the blocking of the strait of Hormuz.The bombardment took aim at military assets on the island, and has so far spared oil facilities

AI has exposed age-old problems with university coursework | Letter

The frustration many academics are expressing about artificial intelligence and critical thinking is understandable (‘I wish I could push ChatGPT off a cliff’: professors scramble to save critical thinking in an age of AI, 10 March). But from my experience working with students on academic writing, blaming AI risks masking a problem that universities have lived with for years.In my work with students, I have long seen the ways in which thinking can be outsourced when assessment allows it: essay mills, shared past papers, model essays passed between cohorts, or heavy reliance on tutors and friends to structure assignments. Artificial intelligence did not invent this behaviour. It has simply industrialised a shortcut that already existed

Trump administration reportedly set to be paid $10bn for brokering TikTok deal

Donald Trump’s administration is reportedly poised to be paid $10bn by investors as part of a deal to create a US-controlled version of TikTok.The $10bn, considered by the US government as a sort of transaction fee, will be paid by the administration-friendly investors who took control of TikTok’s US operations from its Chinese parent company, ByteDance, according to reporting that first appeared in the Wall Street Journal.The investors in the popular social media app include software company Oracle; MGX, an investment firm based in the United Arab Emirates; and private equity business Silver Lake. These entities, along with other backers, paid $2.5bn to the US treasury when the deal closed in January and are set to make further payments in the unusual arrangement until the total hits $10bn

USA v Dominican Republic: World Baseball Classic semi-final – live

Email!Peter Brown says:“I’m hate watching this purely in the slim hope that the USA mess up - then I’ll watch all the amusing hand wringing that will ensue on YouTube. But I fear a blockade or invasion of if the conjoined twin of Haiti prevails !!”I think you better erase that Peter!MojoUS starting pitcher Paul Skenes was just speaking on FOX TV in the US and he mentioned servicemen and the military and fighting and winning. I have no idea what representing your country in a baseball game has to do with the military, but it seems to be a thing in the US dugout. Personally, I don’t need to hear about all that before a baseball game, but maybe that’s just me.It’s a bit lighter on the DR side

Cameron Young holds off Matt Fitzpatrick on final hole to win Players Championship

The PGA Tour might have lost out in the court of public opinion over whether the Players Championship could be a major. However, the level of drama as shadows lengthened on this Sawgrass Sunday set the tournament aside from most others.It came down to Cameron Young versus Matt Fitzpatrick. As Fitzpatrick agonisingly missed for par on the 72nd hole, Young had secured the biggest win of his career. He had emerged triumphant from a sporting thriller