Iran says it has reopened the Strait of Hormuz to commercial traffic, but a University of British Columbia economist says it could be a while before any calm returns to rattled global oil markets.
Aside from a new receiving bay, Lactalis built a new wastewater treatment plant, a new private road to divert traffic, and upgraded refrigeration and boiler plants.
The 13% jump in adjusted earnings per share and resilient digital sales of nearly $293 million signal operational momentum, even as network sales shrinks to 7,034 locations.
High diesel prices continue to ripple through the economy and put pressure on consumers even as a shaky ceasefire in the Middle East offers a hint of relief to global commodities.