Techsci Research

Texas, United States: Presidio Production Company, an oil and gas operator headquartered in Fort Worth, Texas, officially began trading on the New York Stock Exchange on March 5, 2026, under the ticker symbol "FTW," following the successful completion of its business combination with EQV Ventures Acquisition Corp.

Global: The global energy market was jolted into high alert as a U.S.-Israeli military campaign against Iran triggered the effective closure of the Strait of Hormuz for the fourth consecutive day, halting the flow of a critical artery that accounts for approximately 20% of the world's oil and liquefied natural gas (LNG) supply. The benchmark Brent crude settled at USD 81.40 per barrel on March 3, 2026 — up 4.7% in a single session and registering its highest settlement price since January 2025.

World's Largest Automotive Retailer Acquires Toyota of Gallatin and Mercedes-Benz of Medford, Adding USD 225 Million in Annualised Revenue and Entering the High-Growth Nashville Market. United States: Lithia & Driveway, recognised as the world's largest automotive retailer, announced on March 3, 2026 the acquisition of two dealerships: Toyota of Gallatin in Gallatin, Tennessee, and Mercedes-Benz of Medford in Medford, Oregon.