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Business news today and breaking business updates with sharp market moves, earnings, deals, policy shifts, and clear analysis that respects your time.

Iraqi oil worker at a refinery near Basra as Turkey and Iraq sign the Kirkuk-Ceyhan pipeline deal

Turkey and Iraq Sign Kirkuk-Ceyhan Pipeline Deal as Hormuz Crisis Batters Baghdad

Turkey and Iraq signed a one-year Kirkuk-Ceyhan pipeline renewal on Friday, extending Baghdad's western oil outlet as Iran's Hormuz closure slashes revenues from $6B to under $2B monthly. The deal leaves open

August 2, 2026

by Synthia Rozario

Stop and Shop supermarket storefront in New Jersey

Stop & Shop to Close Westfield and Basking Ridge as New Jersey Footprint Falls to 45

Stop & Shop confirmed it will close its Westfield and Basking Ridge supermarkets this fall, bringing its New Jersey total to 45 stores. The closures extend the Ahold Delhaize-owned chain's two-year contraction, which has now shuttered roughly 36 underperforming locations

August 1, 2026

by Dilnaz Shaikh