Government to reopen CO2 plant in Iran war contingency plan

“Oil markets continue to gyrate in response to oscillating social media posts by the US and Iran, rather than the realities on the ground which remain challenging for oil flows to resume in a rapid fashion”, analyst Saul Kavonic from financial services firm MST Marquee told the BBC.

Firstly, because some producers are heavily exposed to disruption in the Middle East. ExxonMobil, for instance, has operations at Qatar’s Ras Laffan industrial hub, where production has been shut down since early March, and which has now been hit by Iranian missile attacks, causing “extensive damage”.

President Donald Trump has threatened to pull out of an expected meeting with President Xi Jinping of China after Beijing tightened its rules for exports of rare earths. In a post on social media, Trump said he now saw “no reason” to meet with President Xi later this month, accusing China of “becoming very hostile”…

Liv McMahonTechnology reporter Getty Images TikTok’s new US owner has apologised to users for “disruption” after thousands reported issues affecting the video-sharing app. Platform outage monitor Downdetector said it has seen more than 600,000 reports of glitches from US TikTok users over the weekend. Problems flagged by people include videos appearing repeatedly on “For You”…