Business
Oil Prices Extend Gains, Topping $111 a Barrel
Oil prices are climbing higher in after-hours trading, with Brent crude futures topping $111 a barrel, after new attacks on critical energy infrastructure in the Middle East.
Futures rose during regular trading hours after Israel struck the South Pars gas field, the world’s largest such facility, which is shared by Iran and Qatar. Futures added another $4 a barrel after Iran retaliated by striking a major fuel hub in Qatar, causing extensive damage.
It is “highly unlikely Iran is going to soften their stand on the Strait of Hormuz if their energy assets are being attacked,” wrote Robert Yawger, commodity specialist at Mizuho Securities, in a note.
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Australia’s largest supplier of refined fuel will continue to provide petrol and diesel amid global uncertainty as part of a new agreement.
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Amazon CEO Andy Jassy and Delta Airlines CEO Ed Bastian discuss consumer sentiment, Amazon’s chip manufacturing efforts and more on ‘The Claman Countdown.’
Amazon is signaling a major shift in how it plans to serve customers, starting with rewriting parts of its own playbook.
CEO Andy Jassy released his annual letter to shareholders on Thursday, writing that the tech giant is not content to simply add artificial intelligence features to its existing retail business. Instead, Jassy said Amazon is preparing to rebuild the customer shopping experience from the ground up, even if it means disrupting products and systems that already work at massive scale.
“The temptation is to just add a little AI to the existing experience,” Jassy wrote, adding that the “trick” leaders must learn is “reimagining your experiences from a clean sheet of paper.”
“When you have a product that’s working at scale, one of the hardest decisions to make is to go back to the starting line,” Jassy wrote.
Amazon CEO Andy Jassy speaks during an Amazon Devices launch event in New York City on Feb. 26, 2025. (Brendan McDermid/File Photo / Reuters Photos)
Jassy suggested that “the interface with which customers want to interact with a retailer could be substantially different over time.”
The CEO acknowledged that rebuilding systems at scale can feel like “going backwards,” especially when those systems are already widely used.
In this photo illustration, the Amazon logo is displayed on a smartphone screen. (Jaque Silva/SOPA Images/LightRocket via Getty Images)
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But he argued that standing still in a moment of rapid technological change is riskier.
In this photo illustration, a shopping cart is seen in front of the Amazon logo. (Jaque Silva/SOPA Images/LightRocket via Getty Images)
“AI is not a standalone initiative—it’s a multiplier,” Jassy wrote. “It will reshape every customer experience we offer and unlock entirely new ones.”
| Ticker | Security | Last | Change | Change % |
|---|---|---|---|---|
| AMZN | AMAZON COM INC | 233.65 | +12.40 | +5.60% |
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Jassy concluded his letter sharing his optimism for what lay ahead for the tech giant, underscoring Amazon’s strong finish to 2025, which saw revenue grow 12% year-over-year from $638 billion to $717 billion.
The Harrogate-based charity warns donations of furniture are falling while demand continues to grow.
Somerset councillor Heather Shearer said: “One thing the Crisis Resilience Fund wants us to do is not just support people in crisis, it also wants us to work in our community, give more strength and support for the organisations who already support our families.”
Monadelphous has secured a suite of construction and maintenance contracts worth a total $145 million, including work at Rio Tinto’s Paraburdoo iron ore mine in the Pilbara.
Klaus Vedfelt/DigitalVision via Getty Images
By Christopher Gannatti, CFA & Samuel Rines
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