IRGC Adviser Says 'Illegal Routes' In Strait Of Hormuz Will Soon Be Closed; Strait To Remain Closed Until Demands Are Met
– Reuters cites Fars News
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– Reuters cites Fars News
https://www.reuters.com/world/middle-east/two-saudi-airports-targeted-monday-fighting-with-yemens-houthis-escalates-2026-10-06
https://www.wsj.com/business/energy-oil/saudi-arabia-slashes-crude-prices-for-asia-as-exports-recover-ca411a2c
https://www.reuters.com/world/asia-pacific/turkey-says-mecca-pact-committee-meet-riyadh-october-5-2026-10-04/
– Reuters cites comments at Energy Intelligence Forum
Warren Buffett's lesser-known portfolio managed through New England Asset Management (NEAM), a Berkshire Hathaway subsidiary, has significantly reduced positions in AI stocks Alphabet and Broadcom during Q2, citing concerns about AI bubble valuations. Instead, the portfolio has allocated over $149 million (17.3%) to S&P 500 index funds (SPY and VOO), reflecting Buffett's long-standing recommendation for retail investors to invest in low-cost index funds that have generated positive returns over every 20-year rolling period since 1900.