🇨🇳 Elon Musk says "China is rapidly reducing dependence on oil."

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🚨🚨 This is the 'most severe energy crisis since the 1970s', according to the Wall Street Journal.

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BREAKING: Putin has congratulated Iran's new Supreme Leader Mojtaba Khamenei.

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🛢️🛢️ OIL:

- Crude oil surged by 30% and hit $117

- Reversed gains on reports of G7 countries considering release of emergency reserves, with price falling to $98.

- Now rising again and trading at $102

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🇮🇷 Iran warns oil could hit $200 a barrel if neighbors fail to restrain Trump. “If you can tolerate oil at more than $200 per barrel, continue this game,” said a Revolutionary Guards spokesman.

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🇷🇺🇮🇷 Russian President Putin congratulates Mojtaba Khamenei on being selected Iran's new Supreme Leader.

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🇺🇸 Anthropic sues US government after being labeled a national security risk.

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🇱🇧🇺🇸 Lebanon asked the Trump administration to broker direct peace talks with Israel to end the fighting, according to Axios.

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🇺🇸 United States has more gold than all of BRICS combined, with 8,133 tonnes.

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🚨🚨 World's largest oil company Saudi Aramco cuts production at two oil fields.

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🇺🇸🇮🇷 President Trump signals support for killing Iran's new Supreme Leader Mojtaba Khamenei if he rejects his demands, WSJ reports.

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BREAKING: 🚨🚨 President Trump says Iran will be hit "20 times harder" if they do anything that "stops the flow of oil within the Strait of Hormuz."

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🛢️ Crude oil price

24 hours ago: $117

Now: $85

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BREAKING: Saudi Arabia, Iraq, the UAE and Kuwait have lowered their collective oil output by 6.7 million barrels a day, equivalent to 6% of global supply, according to Bloomberg report.

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🚨🚨 JPMorgan says the S&P 500 could fall by 10%.

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🇺🇸 U.S. national debt is projected to increase by $2.4 trillion annually over the next decade, per the CBO.

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JUST IN: 🇺🇸 U.S. Treasury projected to buy back $15 Billion of their own debt today, the LARGEST Treasury buyback in history.

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JUST IN : 🚨🚨 British Airways cancels all flights to and from Abu Dhabi until later this year, and all flights to and from Amman, Bahrain, Doha, Dubai and Tel Aviv until later this month — Sky

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🚨🚨 Porsche profits crashed by 98% last year.

@Fin_Watch