Business
Oil Makes Record Weekly Gains As Strait of Hormuz Stays Shut
1518 ET – Crude futures rise to their highest level in two-and-a-half years as the conflict in the Persian Gulf continues, keeping shipping through the Strait of Hormuz at a standstill and cutting off oil supply. WTI settles up 12% at $90.90 a barrel and Brent rises 8.5% to $92.69 a barrel. Weekly gains are 36% for WTI and 27% for Brent, the largest percentage increases on records back to 1983 and 1991, respectively. “Uncertainty is high and rising but based on all the available information at hand, it doesn’t look like the worst is behind us yet,” Amarpreet Singh of Barclays says in a note. “If this situation persists for another couple of weeks, Brent could potentially test $120 a barrel.” (anthony.harrup@wsj.com)
Oil Extends Gains As Persian Gulf Conflict Drags On
1147 ET – Oil futures extend gains with the Middle East conflict in its seventh day and no sign of the critical Strait of Hormuz being reopened to shipping. “We’re in a situation where the lack of clarity on the timing of what happens in the Strait of Hormuz is stoking a tremendous amount of fear in the market,” says Rebecca Babin of CIBC Private Wealth US. Production shut-ins by Iraq and Kuwait as their storage capacity fills up are fairly small, but may have taken the market by surprise coming so soon, Babin says. “I think they are down the road for the larger producers, but this was a big thing.” WTI is up 9.4% at $88.63 a barrel and Brent is up 6.4% at $90.87.(anthony.harrup@wsj.com)
Brent Crude Hits $90 A Barrel As Supply Worries Grow
0909 ET – Crude futures extend gains ahead of the weekend with Brent hitting $90 a barrel level for the first time since April 2024 as oil remains hemmed in by the de facto closure of the Strait of Hormuz. Citi analysts estimate the market is losing between 7 million and 11 million barrels a day of crude oil, and from 4 million to 5 million barrels a day of products, largely due to lack of flows through the strait. “We continue to see $80-$90 a barrel Brent for at least the next 1-2 weeks, before we see prices moderating in 2Q26,” they say in a note. “We assume that Hormuz flows gradually return in the latter half of March, in the base case of military operations winding down.” Brent is up 5.3% at $89.92 a barrel. WTI rises 8.2% to $87.67.(anthony.harrup@wsj.com)
Oil Stranded in Strait of Hormuz Has Few Routes Out
1344 GMT – Around 16 million barrels a day of crude oil is trapped as tanker traffic through the Strait of Hormuz stops, Vortexa analysis shows. Another route for the oil could be down Saudi Arabia’s East-West pipeline to the Red Sea port of Yanbu. This pipeline can theoretically move around 7 million barrels a day, but so far flows have been much lower, Vortexa’s Rohit Rathod writes. Another alternative is the Abu Dhabi Crude Oil Pipeline, which moves crude from Habshan to Fujairah. The pipeline could move around 1.5 million barrels a day, but operations have been disrupted by the conflict, Rathod says. Brent crude trades up 4.1% to $88.90 a barrel, while WTI jumps 6.7% to $85.93 a barrel. (adam.whittaker@wsj.com)
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Business
Trump praises Italy PM Meloni’s willingness to help in U.S.-Israel war with Iran

Trump praises Italy PM Meloni’s willingness to help in U.S.-Israel war with Iran
Business
Israeli military says it will pursue every successor of Iran’s Khamenei

Israeli military says it will pursue every successor of Iran’s Khamenei
Business
A Winning Blue-Chip Fund Flips the Script on the AI Trade
A Winning Blue-Chip Fund Flips the Script on the AI Trade
Business
Philippines and Thailand most vulnerable to oil-led inflation, Jefferies says

Philippines and Thailand most vulnerable to oil-led inflation, Jefferies says
Business
There’s an inflation wave coming – what does the Iran war mean for the UK economy?
Economic consequences are an intrinsic aspect of the Iran conflict, writes BBC economics editor Faisal Islam.
Business
John Lewis to sell via ChatGPT and TikTok as retailer launches AI-powered shopping push
John Lewis is preparing to enter a new era of retail by selling products through artificial intelligence platforms and social media, as the historic department store seeks to attract younger shoppers and modernise its business model.
The retailer has launched a multimillion-pound strategy centred on what it calls “AI-powered shopping”, enabling its products to appear in recommendations generated by chatbots such as ChatGPT and Google Gemini. The move forms part of a wider digital expansion designed to place the brand directly within the new tools consumers increasingly use to search for products and inspiration.
Alongside the push into AI platforms, the chain will also begin trialling sales through TikTok Shop, the fast-growing social commerce marketplace embedded within the TikTok app. Executives hope the initiative will help broaden the appeal of the 162-year-old retailer beyond its traditional customer base.
Under the new system, users interacting with AI chatbots will be able to receive recommendations for John Lewis products when searching for items such as clothing, homeware or gifts.
For example, a customer could ask a chatbot to suggest a spring outfit for a party within a certain budget, and the AI could recommend a shirt stocked by John Lewis if it fits the user’s criteria.
Over time, the retailer hopes shoppers will be able to complete purchases directly within the AI interface itself, as developers roll out embedded checkout features across conversational platforms.
The shift reflects growing evidence that artificial intelligence is becoming a starting point for online shopping journeys. Research from KPMG found that 30 per cent of consumers aged between 25 and 34 had already used chatbots to search for deals and product suggestions.
Retail analyst Jonathan De Mello said the development reflects broader changes in consumer behaviour.
“Retailers are embracing AI as a mechanism to reach a consumer that is relatively tech-savvy, especially the younger generation that uses it for almost everything,” he said. “It’s becoming part of how people explore and discover products.”
In parallel with the AI initiative, John Lewis will begin selling selected products through TikTok Shop. Initially, the offering will focus on beauty products and gift items, categories considered well suited to the social media platform’s influencer-driven shopping model.
Since launching in 2021, TikTok Shop has become a major force in UK e-commerce. During last year’s Black Friday event, the platform recorded sales of 27 products every second, demonstrating the speed at which social media retail has evolved.
Other major retailers have already begun experimenting with the format. Marks & Spencer and Sainsbury’s both introduced TikTok Shop sales for selected products last year, signalling growing confidence among established brands in the channel.
To enable its products to appear within AI chatbot recommendations, John Lewis has partnered with the commerce technology company Commercetools.
The platform translates the retailer’s product catalogue into formats compatible with AI search systems, allowing chatbots to recognise John Lewis as a merchant and incorporate its products into recommendations.
This process effectively ensures the retailer’s catalogue can be interpreted correctly by conversational AI tools and surfaced in relevant searches.
Dom McBrien said the strategy is intended to place the retailer directly within the new digital environments where customers are increasingly making purchasing decisions.
“These investments will mean that we are right there when customers are looking for ideas,” he said. “Being able to quickly and easily buy in a few clicks is a gamechanger.”
John Lewis is not alone in exploring AI-driven commerce. Sportswear retailer JD Sports has previously indicated plans to enable customers to make purchases directly through AI apps in the future.
Meanwhile, technology companies are actively building tools to integrate retail within conversational platforms. Earlier this year Google announced partnerships allowing purchases through its Gemini AI platform, while ChatGPT has already trialled instant checkout tools in the United States.
The rapid development of AI shopping tools has prompted discussion among legal experts and regulators about how recommendations, advertising disclosures and consumer protection rules will apply in conversational commerce.
The push into AI and social commerce comes as John Lewis attempts to revitalise its fortunes following several difficult years.
The retailer operates 36 department stores across the UK and first launched its online shop in 2001. Today, online transactions account for around 60 per cent of total sales.
Its parent company, John Lewis Partnership, also owns the supermarket chain Waitrose.
The partnership is currently undergoing a major turnaround led by chairman Jason Tarry, a former Tesco executive who took over leadership in 2024 following the departure of Sharon White.
Tarry has launched a wide-ranging programme aimed at restoring profitability, modernising operations and strengthening the brand’s competitiveness in a rapidly evolving retail landscape.
Later this week the John Lewis Partnership will publish its results for the 2025–26 financial year.
Speculation has been growing that the company may reinstate staff bonuses, which have not been paid since January 2022. At its peak, the annual bonus for employees, known internally as “partners”, reached as high as 15 per cent of salary.
The employee-owned structure means roughly 70,000 staff members share in the company’s profits when bonuses are declared.
Although the group is expected to miss its £200 million profit target, analysts believe management may still consider restoring the payment in order to boost morale following years of restructuring, store closures and cost-cutting.
For a brand synonymous with traditional British retail values, the shift toward AI-powered commerce represents a significant strategic pivot.
Executives believe that embedding the company within AI platforms and social commerce environments will ensure John Lewis remains visible as consumer habits evolve.
As conversational AI becomes a new gateway to online shopping, the retailer hopes its early investment will ensure it remains relevant in the next generation of digital retail.
Business
Iran: The Straw That Potentially Breaks The Camel’s Back
Bret Jensen has over 13 years as a market analyst, helping investors find big winners in the biotech sector. Bret specializes in high beta sectors with potentially large investor returns.Bret leads the investing group The Biotech Forum, in which he and his team offer a model portfolio with their favorite 12-20 high upside biotech stocks, live chat to discuss trade ideas, and weekly research and option trades. The group also provides market commentary and a portfolio update every weekend. Learn More.
Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
Seeking Alpha’s Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.
Business
10 penny stocks plunge up to 53% in a month – Are you affected?
Ten penny stocks with market caps under Rs 1,000 crore and prices below Rs 20 fell 25–53% in one month, highlighting high volatility, liquidity risks, and downside potential in low-priced stocks.
Business
The Job Market Is In a Funk. There’s Little Chance It Will Perk Up, Analyst Says.
The Job Market Is In a Funk. There’s Little Chance It Will Perk Up, Analyst Says.
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