Business
Iran Official Says Natural Gas Is Still Flowing After Israeli Attack
The targeted facility was a plant that processes production from South Pars before sending hydrocarbons to consumers in Iran. “They are producing gas and refining it and will send it directly to the pipeline” and then to customers in Iran, said Hamid Hosseini, a board member at the Iranian Oil, Gas and Petrochemical Products Exporters’ Union.
Hosseini said natural-gas storage facilities had been hit. Mohammadreza Julaei, production supervision manager at National Iranian Gas Co., told Iran’s oil ministry news agency Shana late Wednesday that some refining units were damaged.
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Hyundai Motor Company is recalling more than 61,000 Palisade SUVs in the U.S. after an issue with powered seats was linked to the death of a child, federal regulators said.
The recall affects model year 2026 Palisade and Palisade Hybrid vehicles equipped with the Limited and Calligraphy trim packages, the automaker said in a recall report filed with the National Highway Traffic Safety Administration.
“The 2nd and 3rd row power seat assemblies equipped in the subject vehicles may not respond to contact with an occupant or object as intended during activation of certain powered seat functions, including the automatic power-folding (stow) function and the ‘one-touch’ tilt-and-slide (walk-in) feature of the 2nd row power seat assembly,” the report said.
HYUNDAI STOPS SALES OF CERTAIN SUVS AFTER 2-YEAR-OLD GIRL’S DEATH
The 2026 Hyundai Palisade SUV during the New York International Auto Show Press Preview in New York City April 16, 2025. (Shannon Stapleton/Reuters)
The announcement comes after a young child died in an incident involving a Palisade that is still under investigation, according to the automaker.
Reuters reported the victim was a 2-year-old girl from Ohio who was killed March 7.
“Hyundai is aware of a tragic incident involving a Palisade,” the company said in a press release March 13. “While Hyundai does not yet have the full details and the incident is still under investigation, a young child lost her life. Hyundai extends its deepest sympathies to her family.”
TOYOTA RECALLS 550,000 VEHICLES OVER SEAT DEFECT
A view from the interior of a Hyundai Palisade showing the gray leather upholstery of the second-row power-folding seats. (Hyundai USA)
The South Korean automaker said last week it is pausing sales of the Palisades with the Limited and Calligraphy trim packages following the incident.
Hyundai said in the recall notice it received four reports of minor injuries related to second-row seat operation.
Hyundai issued a stop-sale and plans for a recall for 2026 Palisade Limited and Calligraphy models March 13, 2026. (Hyundai USA)
FORD RECALLS MORE THAN 83,000 VEHICLES OVER HEADLIGHT, ENGINE VALVE ISSUES
A recall remedy is under development. Until it becomes available, the automaker warned owners of the affected vehicles to use caution when operating the second- and third-row power-folding seat functions.
Hyundai also said owners should “avoid contacting the ‘one-touch’ tilt-and-slide button located on the 2nd row setback … during entry and exit of the 3rd row and take measures to prevent inadvertent activation of this feature.”
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FOX Business’ Ashley Carnahan contributed to this report.
Form 8K C1 Fund Inc For: 20 March
Argentina’s economy expands 4.4% in 2025
Oil and gas prices surged Thursday after some of the world’s most critical energy facilities were hit in a fresh wave of attacks in the Middle East, stoking fears of deeper and more prolonged disruptions to global supplies.
In mid-morning European trade, Brent crude climbed 10% to $118.50 a barrel and was up 65% on the month. West Texas Intermediate, the U.S. oil gauge, rose 2.9% to $95.08 a barrel. Natural-gas prices spiked 26%, with the front-month Dutch TTF contract—the European benchmark—trading at 68.70 euros a megawatt-hour after briefly touching 70 euros at the open.
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Asian stocks fell sharply Thursday as investors digested a series of attacks on energy infrastructure in the Middle East and the weakness on Wall Street in the previous session.
South Korea’s KOSPI Composite index declined 2.7% after its 5% jump in the previous session. The red-hot stock market is up 37% so far in 2026 but has been very volatile since the Iran war began.
China’s Shanghai Composite slipped 1.4%, while Japan’s Nikkei index closed 3.4% down, after jumping 2.9% in the previous session.
SAN FRANCISCO—During the tech boom of the 2010s, coding teams here spent months building apps that changed the way we live.
Now, that’s just a Saturday night for an 11-year-old.
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Wall Street tumbles as Middle East turmoil fans inflation fear
Argentina’s economy grows 4.4% in 2025, slightly below forecasts
Form 6K NatWest Group plc For: 20 March
Gold prices plunged below $4,800 a troy ounce, pressured by a stronger dollar and dimming hopes for further interest-rate cuts in the near term.
In early European trading, futures fell 2.9% to $4,755 an ounce, while the U.S. dollar index was up 0.1% to 100.18, making dollar-denominated commodities more expensive for overseas buyers.
The Federal Reserve held interest rates steady on Wednesday, as widely expected, but highlighted the risks that higher energy prices will lift inflation. “The rally in oil followed renewed escalation in the Middle East, with markets increasingly pricing the risk of disruptions to energy supplies and shipping routes,” ING analysts said.
Hyundai recalls Palisade SUVs over power seat defect
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