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Chelsea fined £10.75m, hit with suspended one-year transfer ban

Chelsea fined £10.75m, hit with suspended one-year transfer ban

Chelsea have been fined £10.75 million by the Premier League and handed a one-year transfer ban that will remain suspended for two years following an investigation into undisclosed payments linked to player transfers during the club’s previous ownership.

Hormuz alternative oil routes inadequate to cope with demand

Hormuz alternative oil routes inadequate to cope with demand

“Saudi Arabia and the UAE can reroute some crude output to terminals outside the Gulf,” the International Energy Agency stated in its latest monthly oil report, saying that this can “help offset lost crude flows via Hormuz.”