Petrobras Clears Key Amazon Basin Drilling Hurdle in 10B-Barrel Reserve Push

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‼️ 🛢️ 🇧🇷 Brazil’s environmental regulator Ibama has authorized Petrobras to drill the Manga, Morpho Extension and Crotalus wells in the Foz do Amazonas basin, clearing the way for work expected in 2027. The wells will help assess reservoir dynamics and the commercial potential of the Morpho discovery, a key step for a basin estimated to hold up to 10 billion barrels of oil equivalent and viewed as central to replenishing Brazil’s roughly 21 billion boe of reserves.

Corning Soars on Verizon’s Multibillion-Dollar AI Fiber Deal

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‼️ 🧠 BREAKING: Corning jumped more than 7% to close at $165.72 after securing a multi-billion-dollar fiber supply agreement with Verizon. The 2027–2032 deal covers over 80 million miles of high-density optical fiber and connectivity solutions for broadband, long-haul networks and AI hyperscaler infrastructure, strengthening Corning’s exposure to data-center demand.

Brent Nears $100 as Middle East Strikes Rekindle Oil Supply Fears

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‼️ 🇮🇷 🇸🇦 BREAKIKG: Brent crude climbed to its highest level since late July, rising about 1% to settle near $98 a barrel after briefly touching $98.99, as fresh strikes on Middle East energy infrastructure— including reported explosions at Iran’s key export terminal on Kharg Island—renewed supply-disruption fears. The rally was further supported after Saudi Arabia said Houthi attacks forced temporary halts at several of its energy facilities, underscoring the region’s vulnerability to escalation.

Bessent’s Bond-Market Remedy: Treasury Buybacks to Cool the Fever, Not Cap Yields

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‼️ 🇺🇸 Treasury Secretary Scott Bessent said the Treasury’s expanded buyback program for older US government bonds is intended to ease a “fever” in the market and help restore equilibrium—not to alter the underlying level of yields. Speaking ahead of the first scheduled longer-dated buyback operation since the program was increased last month, Bessent rejected claims that the initiative amounts to quantitative easing or is a response to concerns over heavy US borrowing. Instead, he characterized it as a Treasury-led version of the Federal Reserve’s former “Operation Twist,” aimed at improving market functioning and smoothing distortions across the yield curve.