A previous version of this report misstated the Goldman Sachs estimate of 2026 capital spending in artificial intelligence. The correct figure is $765 billion. The story has been corrected. By Joy Wiltermuth

Acccording to the analysis by Rapidan Energy Group, if the Strait reopens in July, an average oil demand reduction of 2.6 million barrels a day and the spot-market price for…

Rapidan Energy Group warns a prolonged Strait of Hormuz closure could trigger a recession rivaling 2008 as Brent crude surges nearly 40% above pre-closure levels.