Bahrain's Mumtalakat and Abu Dhabi's CYVN Holdings took full ownership of McLaren Racing on Tuesday in a deal one informed source said valued the reigning Formula One world champion at $5 billion. https://www.japantimes.co.jp/sports/2025/09/04/more-sports/mclaren-bahrain-abu-dhabi/?utm_medium=Social&utm_source=mastodon #moresports #formulaone #mclaren #bahrain #unitedarabemirates

Around 84% of oil passing through the Strait is destined for Asia, leaving the economies of China, India, South Korea and Japan vulnerable to an Iranian blockade. https://www.japantimes.co.jp/business/2025/06/24/economy/asia-oil-strait-of-hormuz/?utm_medium=Social&utm_source=mastodon #business #economy #straitofhormuz #iran #unitedarabemirates #oman #shipping #trade #middleeast #oil #asia #china #india #southkorea