Russian Shadow Fleet Undeterred by UK

Nearly 100 Russian shadow fleet vessels crossed UK waters in April 2026 despite PM Starmer's threat to detain them, showing no change from previous months.

Vale Q1 Net Profit Rises 36%

Vale S.A. reported Q1 2026 net profit of $1.89 billion, up 36% year-over-year, despite adjusted EBITDA of $3.9 billion missing expectations of $4.1 billion. Revenue rose 14% to $9.26 billion driven by higher iron ore and copper prices.

Oil Prices Rise on Iran Blockade Extension

Oil prices rose as Trump plans to extend Iran blockade, disrupting Middle East supply. Brent reached $111.78, WTI $100.50, amid Strait of Hormuz closure and declining US crude inventories.