StreetInsider.com News Articles

China cuts Iranian oil purchases by 40%, Bessentsays

Tue, 21 Jul 2026 08:39:13 -0400

Investing.com -- U.S. Treasury Secretary Scott Bessent said Tuesday that China has reduced its crude oil purchases by approximately 40% in recent months, a decline he said is significantly reducing Iran's oil revenues.

Bessent told Fox Business Network that the United States has imposed sanctions on Chinese teapot refineries, which are privately owned facilities, leading to a substantial drop in their Iranian oil purchases.

The Treasury Secretary said China's overall crude purchases have declined due to current prices and the country's large strategic petroleum reserve.

Bessent said the reduction in Chinese purchases is placing direct pressure on the Iranian government.

Separately, Bessent accused Chinese

China cuts Iranian oil purchases by 40%, Bessentsays

Tue, 21 Jul 2026 08:39:13 -0400

The Treasury Secretary said China's overall crude purchases have declined due to current prices and the country's large strategic petroleum reserve.

Bessent said the reduction in Chinese purchases is placing direct pressure on the Iranian government.

Separately, Bessent accused Chinese

China cuts Iranian oil purchases by 40%, Bessentsays

Tue, 21 Jul 2026 08:39:13 -0400

The Treasury Secretary said China's overall crude purchases have declined due to current prices and the country's large strategic petroleum reserve.

Bessent said the reduction in Chinese purchases is placing direct pressure on the Iranian government.

Separately, Bessent accused Chinese

China cuts Iranian oil purchases by 40%, Bessentsays

Tue, 21 Jul 2026 08:39:13 -0400

The Treasury Secretary said China's overall crude purchases have declined due to current prices and the country's large strategic petroleum reserve.

Bessent said the reduction in Chinese purchases is placing direct pressure on the Iranian government.

Separately, Bessent accused Chinese

Colgate-Palmolive Company (CL) PT Raised to $87 at Barclays

Tue, 21 Jul 2026 04:17:48 -0400

Barclays analyst Lauren Lieberman raised the price target on Colgate-Palmolive Company (NYSE: CL) to $87.00 (from $80.00) while maintaining a Equalweight rating.

Canada inflation cools to 2.8% as underlying core pressures breach 2% threshold

Mon, 20 Jul 2026 09:16:58 -0400

Investing.com -- Canada’s annual inflation rate decelerated more sharply than anticipated in June, driven by a substantial pull-back in global energy prices and a notable cooling in underlying core metrics. The consumer price index rose 2.8% on a year-over-year basis, down from a 3.2% print in May and below the 2.9% consensus forecast compiled by Bloomberg.

Signaling broader relief for monetary policymakers, the average of the Bank of Canada’s preferred median and trim core inflation measures dropped to 1.85%, marking its lowest level since September 2020 and its first descent below the 2% threshold in nearly six years. This

Houthis announce immediate maritime blockade on Saudi Arabia

Mon, 20 Jul 2026 08:22:21 -0400

Investing.com -- The Houthi group declared a maritime blockade against Saudi Arabia, effective immediately, according to Bloomberg News, citing spokesperson Yahya Saree. The announcement was made on Monday.

The Yemeni Armed Forces stated the blockade comes as a response to what the group describes as Saudi Arabia’s siege on Yemen’s capital city.

Saree called on followers to prepare for all scenarios across all fronts, according to the statement.

Houthis announce immediate maritime blockade on Saudi Arabia

Mon, 20 Jul 2026 08:22:21 -0400

The Yemeni Armed Forces stated the blockade comes as a response to what the group describes as Saudi Arabia’s siege on Yemen’s capital city.

Saree called on followers to prepare for all scenarios across all fronts, according to the statement.

Houthis announce immediate maritime blockade on Saudi Arabia

Mon, 20 Jul 2026 08:22:21 -0400

The Yemeni Armed Forces stated the blockade comes as a response to what the group describes as Saudi Arabia’s siege on Yemen’s capital city.

Saree called on followers to prepare for all scenarios across all fronts, according to the statement.

Houthis announce immediate maritime blockade on Saudi Arabia

Mon, 20 Jul 2026 08:22:21 -0400

The Yemeni Armed Forces stated the blockade comes as a response to what the group describes as Saudi Arabia’s siege on Yemen’s capital city.

Saree called on followers to prepare for all scenarios across all fronts, according to the statement.

Houthis announce immediate maritime blockade on Saudi Arabia

Mon, 20 Jul 2026 08:22:21 -0400

The Yemeni Armed Forces stated the blockade comes as a response to what the group describes as Saudi Arabia’s siege on Yemen’s capital city.

Saree called on followers to prepare for all scenarios across all fronts, according to the statement.

Houthis announce immediate maritime blockade on Saudi Arabia

Mon, 20 Jul 2026 08:22:21 -0400

The Yemeni Armed Forces stated the blockade comes as a response to what the group describes as Saudi Arabia’s siege on Yemen’s capital city.

Saree called on followers to prepare for all scenarios across all fronts, according to the statement.

Colgate-Palmolive Webcasts 2026 Second Quarter Earnings Conference Call July 31, 2026 – 8:30 a.m. ET