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Alpha Technology Group Ltd operates through its subsidiaries, which are established cloud-based IT solution service providers in Hong Kong. Its Operating Subsidiaries utilize its analytic skills, programming skills, artificial intelligence technologies and technological know-how to provide comprehensive solutions designed to optimize the business performance of customers, meet various industry-specific operational challenges of customers and create new business opportunities for customers. The Operating Subsidiaries provide services for customers from a variety of industries, including consulting, real estate, architectural design, carpark management, electronic payment services, logistics, investments, retail, textiles, wholesale and distribution, etc.

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News

OPHLY

VRTX

Vertex And Ono Pharmaceutical Forge Strategic Partnership To Advance Povetaciceptiin In Japan and South Korea For IgA And Membranous Nephropathy

CVS Health Unit Aetna Unveils New Strategy To Cut Red Tape in Healthcare With Bundled Authorizations And On-Site Nurse Support

The Federal Reserve held interest rates steady at 4.25%-4.50% during Wednesday&#8217;s June meeting, with Chair Jerome Powell signaling no urgency to cut rates as officials monitor potential tariff-driven inflation impacts. 
What Happened: Sage Advisory managing partner Thomas Urano <a href="https://finance.yahoo.com/video/us-equities-dont-fed-cut-201945498.html">told</a> Yahoo Finance that while equity markets may not require rate cuts, the bond market could benefit from easing to move higher.
&#8220;I don't think the market needs a rate cut. The bond market might need one to move higher from here, but I'm not convinced the equity market does,&#8221; Urano said. 
Powell acknowledged &#8220;encouraging&#8221; inflation data but raised the Fed&#8217;s median core inflation forecast to 3.1% from 2.8% in March, attributing the increase to expected tariff effects. 
The SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) and Invesco QQQ Trust ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>) declined slightly following the announcement.
See Also: <a href="https://www.benzinga.com/news/travel/25/06/46045416/us-issues-worldwide-caution-after-strikes-on-irans-nuclear-sites-state-department-warns-of-airspace-closures-travel-chaos-and-rising-threats-to-americans-abroad" target="_blank" rel="noreferrer noopener">US Issues Worldwide Caution After Strikes On Iran's Nuclear Sites: State Department Warns Of Airspace Closures, Travel Chaos And Rising Threats To Americans Abroad</a>
Why It Matters: Urano noted the Fed expects economic growth to rebound in the second quarter before settling into a &#8220;slightly below average growth rate&#8221; in the mid-1.4% to 1.5% range for 2025. This modest growth outlook may not support rising equity multiples but could position the bond market for potential Fed easing in 2026.
The 10-year Treasury yield currently trades at 4.37%. Urano expects the benchmark to remain between 4% and 4.5% for an extended period, while anticipating the two-year note around 4% could rally if the Fed shifts policy lower toward its projected 3.25%-3.50% target range.
Economist Peter Schiff warned of a &#8220;worse financial crisis than 2008,&#8221; while Mohamed El-Erian highlighted policy and geopolitical <a href="https://www.benzinga.com/markets/treasuries/25/06/46012056/peter-schiff-predicts-worse-financial-crisis-than-2008-as-fed-holds-rates-the-solution-involves-much-higher-interest-rates-as-years-of-easy-money-trigger-stagflation-and-investor-exodus">uncertainties clouding the Fed&#8217;s path forward</a>. 
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<li><a href="https://www.benzinga.com/crypto/25/06/46045060/bitcoin-ethereum-dogecoin-fall-as-us-involvement-in-iran-israel-war-threatens-oil-prices-spike-arthur-hayes-says-weakness-shall-pass-and-btc-will-show-its-safe-haven-status" target="_blank" rel="noreferrer noopener">Bitcoin, Ethereum, Dogecoin Fall As US Involvement In Iran-Israel War Threatens Oil Prices Spike: Arthur Hayes Says ‘Weakness Shall Pass&#8217; And BTC Will Show Its Safe Haven Status</a></li>
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Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Image via Shutterstock

Economics

Federal Reserve

Markets

Stocks May Not Need A Fed Rate Cut—But Bonds Could Be In Trouble, Says Sage Advisory

<ul>
<li>Company commits to distinctive actions that will make it easier to navigate the health care system, access care, and achieve better health</li>
</ul>

Life Time Expands NYC Presence With Full-Service Athletic Country Club At Iconic 10 Bryant Tower Across From Bryant Park

Macro Economic Events

Econ #s

U.K. Services Purchasing Managers Index Preliminary For June 51.3 Vs. 51.2 Est.; 50.9 Prior

U.K. Manufacturing Purchasing Managers Index Preliminary For June 47.7 Vs. 46.9 Est.; 46.4 Prior

U.K. Composite Purchasing Managers' Index Preliminary For June 50.7 Vs. 50.5 Est.; 50.3 Prior

U.S. Secretary of State&nbsp;Marco Rubio&nbsp;has called on&nbsp;China to prevent Iran from&nbsp;shutting down the Strait of Hormuz, a crucial trade route for global crude oil. Rubio&#8217;s warning comes amid escalating tensions in the Middle East.
What Happened: Rubio called on the Chinese government, which has close ties with Iran, to step in. &#8220;I encourage the Chinese government in Beijing to call them about that, because they heavily depend on the Straits of Hormuz for their oil,&#8221; Rubio <a href="https://www.foxnews.com/video/6374706927112">said</a> during a Fox News interview.  
&#8220;It's economic suicide for them if they do it.&nbsp; And we retain options to deal with that,&#8221; added Rubio.
China is Iran&#8217;s primary oil customer and maintains a friendly relationship with the country.
Following U.S. airstrikes on three key nuclear sites, Iran&#8217;s foreign minister warned that the Islamic Republic &#8220;reserves&nbsp;all options to defend its&nbsp;sovereignty.&#8221; Iran&#8217;s parliament has backed the idea of&nbsp;closing the Strait of Hormuz,&nbsp;but the final decision lies with Iran&#8217;s national security council.
The Strait of Hormuz is a vital trade route, with approximately 20 million barrels of crude oil passing through it daily, accounting for 20% of global consumption. If the Strait were to close for an extended period, oil prices could soar above $100 per barrel, according to experts.
Why It Matters: The recent U.S. strikes on Iran&#8217;s nuclear facilities have sparked concerns about the potential repercussions on global oil prices. China, a key player in this scenario, has&nbsp;warned of a <a href="https://www.benzinga.com/news/politics/25/06/46044009/us-iran-tensions-escalate-as-iran-threatens-hormuz-closure-potentially-rattling-global-oil-markets">spiraling escalation</a>&nbsp;in the Middle East and demanded an immediate ceasefire at the UN. This situation has the potential to significantly impact global oil prices, as market analysts and traders assess the situation.
Earlier, the CEO of Shell,&nbsp;Wael Sawan, had&nbsp;<a href="https://www.benzinga.com/markets/macro-economic-events/25/06/46014138/shell-ceo-warns-of-huge-impact-on-global-trade-if-the-strait-of-hormuz-is-blocked-amid-israel-iran-conflict-we-need-to-set-actions-for-a-new-reality">expressed concern</a>&nbsp;over the escalating conflict between Israel and Iran, warning of a potential &#8220;huge impact on global trade.&#8221; The Strait of Hormuz, a major artery for the world&#8217;s oil trade, is of strategic importance, and any blockade could send shockwaves through the energy market.
Meanwhile, energy analytics firm&nbsp;Kpler stated that oil prices may surge between 7-10% post US airstrikes on Iran but it may not &#8216;last&#8217;.
China&#8217;s response to the U.S.&#8217;s call and the subsequent actions in the region will be closely watched by the global community, especially given China&#8217;s significant role in the global oil trade.
<ul class="wp-block-list">
<li>READ MORE:&nbsp;<a href="https://benzinga.com/markets/large-cap/25/06/46044073/small-investment-bank-tied-to-trumps-sons-facilitated-120-million-trading-windfall" target="_blank" rel="noreferrer noopener">Small Investment Bank Tied to Trump&#8217;s Sons Facilitated $120 Million Trading Windfall</a></li>
</ul>
Image via Shutterstock
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Marco Rubio Urges China To Intervene, Calls Strait Of Hormuz Closure 'Economic Suicide' For Iran: 'We Retain Options To Deal With That'

Tech

Reuters Reported DeepSeek Is Providing AI Support To China's Military And Intel Operations; Provided Chinese Government With User Information

Reported Friday, Vertex's Zimislecel Shows Durable Insulin Independence In 10 Of 12 Patients With Type 1 Diabetes, All Achieve ADA Glycemic Targets

NVDA

Reuters, Citing U.S. Official, Reported DeepSeek Sought To Use Shell Companies In Southeast Asia To Evade U.S. Export Controls; Seeking Access To Southeast Asia Data Centers To Remotely Access U.S. Chips

GPCR

Reported Friday, Structure Therapeutics Showcases Oral GLP-1 Agonist's Neuroprotective Effects In Parkinson's Mouse Model At ADA Scientific Sessions

Reported Friday, Abbott's Healthy Food Rx Clinical Trial Shows 'Food Is Medicine' Program Improves Diet And Health In People With Diabetes

<a href="https://www.wsj.com/finance/banking/bank-of-new-york-mellon-approached-northern-trust-to-discuss-potential-merger-7017f4eb">https://www.wsj.com/finance/banking/bank-of-new-york-mellon-approached-northern-trust-to-discuss-potential-merger-7017f4eb</a>&nbsp;

NTRS

The Wall Street Journal Reported Sunday, Bank of New York Mellon Recently Approached Northern Trust to Discuss Potential Takeover

As the tensions between Washington and Tehran rose after U.S. President Donald <a href="https://www.benzinga.com/news/politics/25/06/46043305/donald-trump-announces-spectacular-military-success-as-us-strikes-key-iranian-nuclear-sites">Trump ordered strikes</a> at key Iranian nuclear sites at Fordow, Natanz and Isfahan.
What Happened: The busy airspace between Iran, Iraq and the Mediterranean has been largely empty since June 13 as Israel launched an attack on Iran, Reuters reported on Monday.
However, several airlines, including Singapore Airlines, Air France KLM, Finnair, and Kazakhstan's Air Astana, have canceled flights to busy airports in the Middle East, such as Dubai, Riyadh, and Doha, the report suggests.
Despite this, some airlines like British Airways are resuming flights to Dubai and Doha, the report added.
Why It Matters: The news comes in as mounting tensions between the U.S.-Israel and Iran have already led to United Airlines Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UAL#NASDAQ">UAL</a>) and American Airlines Group Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAL#NASDAQ">AAL</a>) to <a href="https://www.benzinga.com/news/travel/25/06/46021530/amid-iran-israel-conflict-united-american-airlines-suspend-flights-to-the-middle-east">cancel flights to the Middle East</a>.
Trump had earlier called on <a href="https://www.benzinga.com/news/25/06/46017426/trump-gives-iran-2-weeks-to-strike-a-deal-or-face-us-military-action">Iran to strike a deal </a>with the U.S. over its nuclear program before the strikes and had said that he would mull over a strike on Iran for two weeks.
However, now <a href="https://www.benzinga.com/news/travel/25/06/46045416/us-issues-worldwide-caution-after-strikes-on-irans-nuclear-sites-state-department-warns-of-airspace-closures-travel-chaos-and-rising-threats-to-americans-abroad">the U.S. State Department </a>has warned of worldwide caution as the tensions could prove to disrupt travel plans through airspace closures and threaten American interests across the globe.
Check out more of Benzinga&#8217;s Future Of Mobility coverage by<a href="https://www.benzinga.com/topic/mobility"> following this link.</a>
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Photo by BlueBarronPhoto via Shutterstock

Several Airlines Cancel Flights To Dubai, Riyadh, Doha After US-Iran Tensions Rattle Global Air Travel: Report

In a bold departure from conventional advice, Ben Horowitz, co-founder of Andreessen Horowitz, once urged Columbia engineering graduates in 2015 to reject the idea of &#8220;following your passion&#8221; and instead focus on the value they can contribute to the world.
What Happened: In 2015, peaking at the Fu Foundation School of Engineering and Applied Science commencement, Horowitz told students, "Don't follow your passion."
He explained that while many successful people say that they love what they do, the reverse may be true—they may love what they do because they became successful.
"The first tricky thing about passions is they're hard to prioritize," Horowitz said, adding that it is difficult to figure out which a person is more passionate about: math or engineering? Video games or K-pop?
See Also:&nbsp;<a href="https://in.benzinga.com/tech/25/02/43772135/ex-openai-chief-scientist-ilya-sutskevers-ai-startup-valued-at-30-billion-in-latest-funding-round-report" target="_blank" rel="noreferrer noopener">Ex-OpenAI Chief Scientist Ilya Sutskever&#8217;s AI Startup Valued At $30 Billion In Latest Funding Round: Report</a>
He also pointed out that passions evolve, noting that what someone is passionate about at 21 may not hold the same weight at 40—"true for both boyfriends and career choices," he quipped.
Horowitz warned that people often aren't particularly good at their passions, referencing some American Idol participants who love singing but fall short of professional standards. What he meant was, just because you love something doesn't mean you should do it for a living.
Instead, he urged graduates to focus on what they're good at and how they can contribute to the world. "What you take out of the world over time &#8230; is much less important than what you put into the world," he stated, adding, "My recommendation would be to follow your contribution. Find the thing that you&#8217;re great at, put that into the world, contribute to others, help the world be better and that is the thing to follow."
Subscribe to the&nbsp;<a href="https://bztechtrends.beehiiv.com/subscribe" target="_blank" rel="noreferrer noopener">Benzinga Tech Trends newsletter</a>&nbsp;to get all the latest tech developments delivered to your inbox.
<figure class="wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio"> 
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<iframe loading="lazy" title="Don&#039;t Follow Your Passion" width="500" height="281" src="https://www.youtube.com/embed/uaSqh4DiQSw?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen></iframe>
</div>
</figure>
Why It's Important: Horowitz's message stands in contrast to business titans like Elon Musk, Jeff Bezos, Warren Buffett and Kevin O'Leary, all of whom have publicly advised aspiring entrepreneurs to pursue their passions.
Buffett once advised students <a href="https://www.benzinga.com/news/25/03/44065860/warren-buffetts-unconventional-career-advice-dont-save-your-passion-for-later-its-like-saving-up-sex-for-you">not to take jobs just for resume value</a> or slightly higher pay, but to work for people or organizations they admire. He shared a story about an Ivy League graduate who chose a consulting job to build a &#8220;perfect resume&#8221; instead of pursuing his passion.
When asked when he'd follow his true interests, the graduate said "someday," prompting Buffett to compare that mindset to "saving up sex for your old age"—a warning against postponing what you truly want in life.
Amazon founder ​​Bezos has also said that <a href="https://www.benzinga.com/news/24/06/39563534/jeff-bezos-reveals-the-one-secret-to-success-you-can-have-a-job-or-you-can-have-a-career-or">following one's passion is key to true success</a> and fulfillment. In a speech at the George W. Bush Presidential Center's Forum on Leadership, he urged people to turn their passions into careers, not by waiting for purpose to appear, but through hard work, dedication and resilience.
&nbsp;O'Leary, investor and Shark Tank personality, also believes that when you love what you do, <a href="https://www.benzinga.com/24/11/41947081/kevin-oleary-says-great-entrepreneurs-and-great-leaders-want-to-get-up-in-the-morning-and-get-to-work-heres-what-he-says-drives-them">it doesn't feel like work</a>. Last year, he shared that for great entrepreneurs and leaders, pursuing their passion is an expression of who they truly are—it's part of their soul and identity.
The life of Musk is a testament to the power of <a href="https://www.benzinga.com/22/07/28124535/5-lessons-we-can-learn-from-elon-musk-to-build-a-better-future-for-ourself-for-our-friends-and-famil">passion-driven success</a>. From a young age, he was deeply interested in technology and engineering. In his entrepreneurial journey, the Tesla CEO <a href="https://www.benzinga.com/markets/tech/25/06/46020247/before-the-mars-dream-and-multi-billion-dollar-ventures-elon-musk-just-wanted-a-job-at-netscape-heres-what-he-told-the-ai-generation-about-that">continued to follow his passion</a>, namely things like electric vehicles and sending humans to Mars.
Check out more of Benzinga's Consumer Tech coverage by&nbsp;<a href="https://www.benzinga.com/topic/consumer-tech" target="_blank" rel="noreferrer noopener">following this link</a>.
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Disclaimer:&nbsp;This content was partially produced with the help of&nbsp;<a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a>&nbsp;and was reviewed and published by Benzinga editors.
Photo courtesy: rafapress / Shutterstock.com

Ben Horowitz Once Told Columbia Grads, 'Don't Follow Your Passion' But Contribution Instead: Something That Doesn't Coincide With The Opinion Of Elon Musk, Kevin O'Leary, Jeff Bezos And Warren Buffett

ALVO

European Medicines Agency Recommends Approval Of Alvotech's AVT06, A Proposed Biosimilar To Eylea, For Eye Disorders Across Europe

Spotify Technology SA (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPOT#NYSE">SPOT</a>) CEO Daniel Ek has positioned his investment firm at the forefront of Europe&#8217;s defense tech boom, leading a €600 million ($690 million) Series D funding round in AI-powered military startup Helsing.
What Happened: Prima Materia, Ek&#8217;s investment vehicle, spearheaded the round announced June 17, valuing the Munich-based defense unicorn at €12 billion ($13.8 billion). Major participants included Lightspeed Venture Partners, General Catalyst, Accel, and Swedish aerospace giant Saab, according to company statements, <a href="https://observer.com/2025/06/spotify-daniel-ek-european-defense-tech-startup-helsing/">reported</a> the Observer.
The funding surge reflects Europe&#8217;s accelerated military spending amid rising geopolitical tensions following Russia&#8217;s 2022 Ukraine invasion. Helsing, founded in 2021 by game developer, former German defense official Gundbert Scherf, and AI researcher Niklas Köhler, has rapidly expanded from software development to manufacturing drones, submarines and aircraft.
&#8220;As Europe rapidly strengthens its defense capabilities in response to evolving geopolitical challenges, there is an urgent need for investments in advanced technologies that ensure its strategic autonomy and security readiness,&#8221; Ek stated, according to the report.
See Also: <a href="https://www.benzinga.com/news/travel/25/06/46045416/us-issues-worldwide-caution-after-strikes-on-irans-nuclear-sites-state-department-warns-of-airspace-closures-travel-chaos-and-rising-threats-to-americans-abroad">US Issues Worldwide Caution After Strikes On Iran&#8217;s Nuclear Sites: State Department Warns Of Airspace Closures, Travel Chaos And Rising Threats To Americans Abroad</a>
Why It Matters: Global defense tech venture capital hit $3 billion across 102 deals in 2024, marking an 11% year-over-year increase, according to Crunchbase data. Helsing&#8217;s round ranks among the sector&#8217;s largest alongside U.S. rival Anduril Industries&#8216; recent <a href="https://www.benzinga.com/markets/market-summary/25/06/45810158/anduril-raises-2-5-billion-at-30-5-billion-valuation-doubling-in-a-year-as-defense-contracts-grow">$2.5 billion raise at a $30.5 billion valuation</a>.
Ek, estimated worth $10 billion, co-founded Prima Materia in 2020 with early Spotify investor Shakil Khan, pledging €1 billion toward European tech investments over the decade. Previous backing includes longevity startup Epiterna and health-tech venture Neko Health.
Helsing&#8217;s AI-powered military decision-making software has been deployed by Ukrainian forces since 2022, establishing credibility in active combat zones. The company raised €450 million in Series C funding last year, building on Prima Materia&#8217;s initial €100 million 2021 investment.
Read Next:
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<li><a href="https://www.benzinga.com/crypto/25/06/46045060/bitcoin-ethereum-dogecoin-fall-as-us-involvement-in-iran-israel-war-threatens-oil-prices-spike-arthur-hayes-says-weakness-shall-pass-and-btc-will-show-its-safe-haven-status" target="_blank" rel="noreferrer noopener">Bitcoin, Ethereum, Dogecoin Fall As US Involvement In Iran-Israel War Threatens Oil Prices Spike: Arthur Hayes Says ‘Weakness Shall Pass' And BTC Will Show Its Safe Haven Status</a></li>
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Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo courtesy: Diego Thomazini / Shutterstock.com

Startups

SPOT

Spotify's Daniel Ek Leads $690 Million Bet On Defense AI Startup Helsing, Valued At $13.8 Billion As Europe Ramps Up Military Spending

<ul>
<li>Final analysis of PEARL real world migraine prevention study presented at 11th Congress of the European Academy of Neurology (EAN 2025) Congress in Helsinki1,2</li>
<li>Fremanezumab demonstrated sustained effectiveness and a favourable safety and tolerability profile over the two-year study period1,2</li>
<li>Injection adherence remained high throughout the study (~90%), while over 75% of patients completed the study duration1</li>
</ul>

TEVA

Teva's Final PEARL Study Data Confirm AJOVY's Sustained Migraine Prevention And Favorable Safety Over Two Years

As tensions continue to mount in the Middle East, maritime data from the region comprising key global shipping chokepoints is flashing red.
What Happened: On Sunday, X user EndGame Macro, quoted a post sharing data that showed a substantial dip in vessel crossings through the Strait of Hormuz and the Suez Canal in recent days.
The downturn spans multiple ship categories, including crude tankers, container ships, and bulk carriers, raising fresh concerns about the mounting geopolitical risk in the Middle East. 
The post notes that westbound and eastbound traffic through the Strait of Hormuz is down 10.8% and 11.4%, respectively. Crude oil tanker activity has fallen by 9% in both directions, suggesting weaker flows from Gulf producers to Asia and Europe.
See Also: <a href="https://www.benzinga.com/markets/equities/25/06/46045651/northrop-grumman-jumps-5-overnight-as-b-2-bombers-return-to-missouri-after-36-hour-iran-strike-trump-says-job-well-done">Northrop Grumman Jumps 5% Overnight As B-2 Bombers Return To Missouri After 36-Hour Iran Strike: Trump Says &#8216;Job Well Done&#8217;</a>
Even steeper declines were reported in chemical and LPG tankers, down 20.4% and 13.6%, respectively, signaling potential demand slumps and industrial slowdown, particularly in China.
Container ship traffic has plunged 21.1% through Hormuz and nearly 31% through the Suez Canal, pointing to either disrupted supply chains or intentional rerouting to avoid perceived threats, alongside rising insurance costs, and potential for disruptions in the region. 
At the same time, however, the Cape of Good Hope is absorbing portions of this traffic, with a lower pace of decline, clearly hinting at a shift in trade routes, as vessels steer clear of the Red Sea.
<figure class="wp-block-embed aligncenter is-type-rich is-provider-twitter wp-block-embed-twitter"> 
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">This is the pulse of global trade and energy flows. A breakdown of vessel crossings through strategic maritime chokepoints (Strait of Hormuz, Suez Canal, Cape of Good Hope) reveals important signs of tension, rerouting, and demand disruption: Strait of Hormuz Traffic for… <a href="https://t.co/2vPI60OQ0F">https://t.co/2vPI60OQ0F</a>
&mdash; EndGame Macro (@onechancefreedm) <a href="https://twitter.com/onechancefreedm/status/1936926832680374631?ref_src=twsrc%5Etfw">June 22, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Why It Matters: As tensions continue to flare in the region, markets are watching closely after Iran&#8217;s parliament voted to authorize a potential <a href="https://www.benzinga.com/news/politics/25/06/46044009/us-iran-tensions-escalate-as-iran-threatens-hormuz-closure-potentially-rattling-global-oil-markets">closure of the Hormuz Strait</a> on Sunday. 
Such a move, however, is predominantly expected to harm China, which is Iran&#8217;s main energy export customer, while the U.S., in contrast, purchases less than 3% of its oil from the Persian Gulf. 
China has likewise <a href="https://www.benzinga.com/news/events/25/06/46046039/china-slams-us-at-un-over-iran-nuclear-strikes-warns-of-spiraling-escalation-in-middle-east-demands-immediate-ceasefire">slammed the U.S.</a> over its strikes on Iranian nuclear facilities, saying that it &#8220;exacerbated tensions in the Middle East and dealt a heavy blow to the international nuclear non-proliferation regime.&#8221;
Price Action: Brent oil futures are up 0.50%, trading at $77.623 a barrel, amid growing concerns of trade disruptions. 
Read More: 
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/news/politics/25/06/46046249/mike-pence-lauds-trumps-decisive-leadership-on-the-historic-mission-against-irans-nuclear-program-i-couldnt-be-more-proud">Mike Pence Lauds Trump&#8217;s &#8216;Decisive Leadership&#8217; On The &#8216;Historic Mission&#8217; Against Iran&#8217;s Nuclear Program: &#8216;I Couldn&#8217;t Be More Proud&#8217;</a></li>
</ul>
Photo courtesy: Shutterstock

Politics

Iran Threatens Strait Of Hormuz After US Bombs Its Nuclear Sites: Shipping Traffic Plunges

Press Releases

"Hong Kong AI Pioneer" Anthony Tsang Receives the 18th World Outstanding Chinese Award

Contracts

AB DAO Partners with Alpha Technology to Pioneer the AI+Blockchain Era

Legal

ATGL Partners with HKUST to Launch AlphaMind Lab

ATGL

Accenture plc Class A Ordinary Shares (Ireland)

Accenture

ASGN

Alpha Technology Group

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