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Oil prices return to near pre-war levels as Oman says no Strait of Hormuz “transit fees”

Oil prices return to near pre-war levels as Oman says no Strait of Hormuz “transit fees”

Oman’s Foreign Minister Sayyid Badr bin Hamad Al Busaidi, speaking Thursday after meeting with fellow top diplomats from Persian Gulf nations and U.S. Secretary of State Marco Rubio, said “future arrangements concerning the Strait of Hormuz will not involve imposing any transit fees.” Al Busaidi “reiterated Oman’s support for the memorandum of understanding signed between…

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IBM claims major chip breakthrough

IBM claims major chip breakthrough

Image: IBM IBM on Thursday unveiled what it said was the world’s first sub-1nm chip technology — a node it calls the 0.7nm, or 7-angstrom, generation — as tech companies race to build semiconductors that can handle increasingly demanding AI workloads. Shares of the Armonk, New York-based company rose over 6% in pre-market trading. They…

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