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Representative image of the United States Strategic Petroleum Reserve and oil infrastructure as the Trump administration authorises a 172 million barrel SPR drawdown while 32 International Energy Agency nations coordinate the largest emergency oil release in history to stabilise global crude markets.

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Representative image showing an oil tanker under attack in the Strait of Hormuz as tensions involving Iran’s Islamic Revolutionary Guard Corps raise fears of a major supply disruption that analysts warn could push global oil prices toward $200 per barrel.

Iran: Get ready for $200 oil. IRGC fires on more ships in the Gulf

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General business news

Why LCB Senior Living turned to Kevala under Residex AI to fix staffing inefficiencies and boost care outcomes

LCB Senior Living adopts Kevala under Residex AI to unify workforce management, streamline compliance, and elevate care in senior housing.

bySoujanya Ravi

August 27, 2025

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