- Oil futures declined after U.S. officials confirmed that Iranian strikes did not end the cease-fire, as operations continued in the Strait of Hormuz.
- The Abu Dhabi National Oil Company plans to invest $55 billion in domestic manufacturing by 2028, while Hubbell announced a $3 billion acquisition of NSI Industries to enhance critical infrastructure offerings.
- Despite the ongoing conflict and rising gasoline prices, major oil companies are prioritizing shareholder returns over new investments in oil fields.
