🔼 🇺🇸 🖥 The S&P 500 closes at its highest level on record, now up +16.6% since the March 30th bottom.

That's +$9.6 TRILLION in market cap in 27 trading days.

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🇳🇴 Norway to reopen three gasfields closed down last century

The rich Scandinavian country’s centre-left government announced on Tuesday that the three North Sea fields — Albuskjell, Vest Ekofisk and Tommeliten Gamma — would restart production in 2028, four decades after they last pumped out any gas.

The move, which drew howls of protest from environmentalists and some of the government’s leftwing support parties, is designed to meet demand for gas from Germany and the UK, two of Norway’s biggest customers.

“Norwegian production of oil and gas is an important contribution to energy security in Europe. The development of new gasfields helps Norway maintain high deliveries in the long term. This has become more important after Russia’s full-scale invasion of Ukraine and the conflict in the Middle East,” said Terje Aasland, Norway’s energy minister.

Norway is western Europe’s largest petroleum producer, and has taken the crown from Russia as the main supplier of gas to many of the continent’s countries. Oslo has also increasingly positioned itself as the democratic oil and gas supplier of choice to try to force concessions out of Brussels in other areas, such as recognition of its right to drill in the Arctic.

Norway’s biggest three political parties are all firmly in favour of drilling for more oil and gas, and the minority Labour government also announced on Tuesday that it was offering 70 new blocks for exploration later this year. More than half of the blocks lie in the Barents Sea, inside the Arctic Circle.

But such exploration is controversial among smaller parties on which Labour depends for its parliamentary majority, while environmentalists argue that the world does not need new oil and gasfields if it wants to reach previously agreed climate targets.

🔗 https://archive.ph/WDZBl

🚨 US destroyers flee Hormuz after Iranian strike — IRGC Navy

The US broke the ceasefire and attacked an Iranian oil tanker near Jask — then sent its destroyers creeping toward the Strait of Hormuz, the IRGC Navy said in a statement cited by Tasnim.

💥 The IRGC Navy says it launched a “large-scale and precise combined operation” using ballistic missiles, anti-ship cruise missiles and explosive drones against US warships.

Intelligence monitoring reportedly showed “significant damage” to US forces, while three US warships “quickly fled” the Hormuz area.

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🇮🇷⚔️🇺🇸 Two U.S. Navy destroyers transiting the Strait of Hormuz came under renewed attack on Thursday, enduring what American officials described as a fiercer and more sustained Iranian assault than the barrage the warships faced only days earlier.

The destroyers USS Truxtun and USS Mason came under an intense Iranian assault as swarms of Iranian fast-attack boats maneuvered close enough that American warships opened fire to keep them at bay, the U.S. officials told CBS News under condition of anonymity because they were not authorized to speak publicly.

🔗 https://www.cbsnews.com/live-updates/trump-iran-war-peace-deal-strait-of-hormuz/