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Blackstone, KKR and Brookfield Sign a $16 Billion Kuwait Oil Pipeline Deal

The Kuwait oil pipeline deal will generate nearly $8 billion in upfront proceeds for Kuwait Petroleum Company, which will retain 51% and lease back operational rights over the infrastructure. The capital will help KPC fund its target of reaching 4 million barrels per day in crude production capacity by 2035.

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Hong Kong Stock Exchange Loosens Listing Rules to Fight Back Against Wall Street

The Hong Kong stock exchange listing rules changes, first outlined in a consultation paper in March, are designed to bring the city's regulatory regime closer to those of US exchanges like Nasdaq, where dual-class structures are common and anonymous filings are standard practice. Katherine Ng, head of listing at HKEX, called the changes "a major step in enhancing the flexibility and diversity of Hong Kong's listing regime."

Blackstone, KKR and Brookfield Sign a $16 Billion Kuwait Oil Pipeline Deal

The Kuwait oil pipeline deal will generate nearly $8 billion in upfront proceeds for Kuwait Petroleum Company, which will retain 51% and lease back operational rights over the infrastructure. The capital will help KPC fund its target of reaching 4 million barrels per day in crude production capacity by 2035.

Bitmine’s $45.7 Million Ethereum Staking Revenue Is a Pivot That Paid Off

Bitmine Immersion Technologies generated $45.7 million in Ethereum staking revenue in the quarter ended May 31, accounting for 98% of the company's total revenue for the period. That compares to just $2 million in total revenue for the same quarter a year ago, when the company's income came primarily from machine leasing. Bitcoin self-mining contributed $624,000, and consulting services added $168,000.

$131 Million Iran Crypto Freeze Shows Tether Is a US Sanctions Weapon

The US Treasury has ordered the freezing of more than $131 million in cryptocurrency linked to Iran, confirming what onchain data had already revealed hours earlier. Blockchain investigator Specter identified four Tron wallets holding $131 million in USDT that Tether had frozen on Tuesday. Treasury Secretary Scott Bessent confirmed the Iran crypto freeze on X, stating the wallets were tied directly to the Central Bank of Iran. "US Treasury is committed to disrupting and degrading Iran's illicit financial activities, including its abuse of digital assets," Bessent said.

Shells Nigeria Lawsuit Heads to Trial With Fraud Allegations Attached

Lawyers representing the Bille community in Nigeria's Niger Delta have filed amended pleadings at the English High Court alleging that Shell knowingly misled the courts to avoid standing trial over decades of oil pollution. The Shell Nigeria lawsuit, brought by the Bille community seeking clean-up costs and compensation, is due to go to trial early next year and could become one of the most significant environmental claims ever faced by the London-listed energy group. Shell denies the allegations.

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