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Oil Heads for Its Biggest Weekly Gain Since July as the Iran War Threatens Global Supply

Oil Heads for Its Biggest Weekly Gain Since July as the Iran War Threatens Global Supply

Oil is heading for its strongest weekly gain since July, with Brent up around 7% as renewed U.S.-Iran fighting raises fears of further disruption to Middle Eastern supply. Threats to shipping through the Strait of Hormuz and possible strikes on Iranian energy infrastructure are worrying markets.

Uber Is Cutting 3,300 Jobs as It Reshapes Itself for the Robotaxi Era

Uber Is Cutting 3,300 Jobs as It Reshapes Itself for the Robotaxi Era

Uber is cutting around 3,300 jobs, or 10% of its global workforce, in its biggest restructuring since the pandemic. The company is reducing management layers, consolidating teams and virtually eliminating fully remote roles as CEO Dara Khosrowshahi pushes for a simpler, faster organization.