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U.K. Approves Long-Stalled Jackdaw Gas Drilling Project in the North Sea

The project will lessen the country’s dependence on imported energy, though environmental advocates say it undercuts a pledge to reduce carbon emissions.

Β© Andy Buchanan/Agence France-Presse β€” Getty Images

Oil rigs on the northeast coast of Scotland.

Britain Is Said to Approve New Gas Drilling in the North Sea

Jackdaw, a natural gas field off the coast of Scotland, would be the first new gas extraction project in the North Sea since a government moratorium in 2024.

Β© Andy Buchanan/Agence France-Presse β€” Getty Images

An oil rig off the northeast coast of Scotland.

Attacks on Ships in Strait of Hormuz Escalate Sharply

In a volatile moment in the region, a significant increase in attacks on vessels passing through the vital waterway is raising alarm.

Β© -/Agence France-Presse β€” Getty Images

Chip Stocks Tumble on A.I. Spending Fears and Rising Chinese Competition

South Korean stocks tumbled in particular, as reports of a breakthrough by a Chinese chip rival heightened concerns about competition.

Β© Lee Jin-Man/Associated Press

South Korea Investigates Possible Use of A.I. in Hackings on Its Banks

The president said there were signs that such models were used in recent attacks on several banks involving customer data. Police are investigating.

Β© Ahn Young-Joon/Associated Press

Hana Bank was one of several financial institutions in South Korea affected by recent cyberattacks.

Burst of Attacks in Gulf Heightens Fears Over Fragile Energy Trade

Strikes on tankers in the Strait of Hormuz and oil infrastructure in Saudi Arabia came as the region’s exporters were getting more oil to the world market.

Β© Agence France-Presse β€” Getty Images

Ships near the Strait of Hormuz last week. More tankers have moved through the strait in recent weeks.
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