Wall Street experienced a mixed day with some stocks rising and others falling, influenced by tech earnings reports from companies like Intel and Google, and broader economic factors including fluctuating oil prices. Analyst calls on major tech firms also contributed to the varied market activity.
Petrol and INA fuel stations in Croatia have imposed limits on fuel purchases, with prices expected to rise. This comes as Cuba also faces challenges with fuel sales in Havana.
The ongoing conflict between the US and Iran has intensified, leading to arrests in Gulf states and disruptions to oil transport in the region. This escalation has caused oil prices to soar and has left many Iranians feeling trapped by the prolonged war.
S&P 500 futures remained steady as major technology stocks saw a rebound in trading. This occurred while Brent crude oil prices dipped below $100 a barrel.
Consumers are bracing for a substantial increase in fuel prices, with diesel and gasoline expected to see a P6 spike. Prices for both fuels are projected to surpass two euros per liter next week.
SAP's stock increased following strong cloud growth, providing a boost to the software sector. However, analysts note that the company's future guidance is dependent on the de-escalation of the Middle East conflict.
Confindustria, Italy's main business lobby, has expressed alarm over the economic outlook, citing the impact of fresh conflict in the Gulf and rising oil and gas prices. These factors are expected to hinder economic growth, particularly in the third quarter.
Houthi rebels claimed a missile strike on Saudi Arabia on Saturday, hours after vowing to retaliate against the kingdom for attacks as the Middle East conflict expanded.
Riyadh struck Houthi military…
An expert discusses Saudi Arabia's potential for a nuclear industry, arguing against its development of its own uranium enrichment capabilities due to nuclear proliferation threats in the Middle East.
The escalating conflict in the Middle East, specifically the Israel-US war on Iran, is negatively impacting Thai car exports and has led to a downgrade of the country's 2026 car manufacturing target.
Hegseth is reportedly urging his UK counterpart to host a summit focused on the Strait of Hormuz next week, highlighting concerns over ongoing disruptions in the Middle East.
Wall Street investors are reportedly facing significant challenges, including the prospect of $100 oil, ongoing tariffs, and anxieties surrounding artificial intelligence.
The world is currently experiencing its largest oil shock in history, yet oil prices have not yet reached the levels economists predicted would trigger a global recession.
Energy company SLB has expanded its operations beyond the Middle East, capitalizing on new revenue opportunities in other regions and by venturing into the AI market through data centers, sidestepping challenges in its traditional markets.
Energy experts are cautioning that the full economic consequences of the 'Iran war,' likely referring to broader Middle East tensions, are yet to be felt and could soon strike.
Costco is experiencing record demand at its gas stations as more Americans seek savings at the pump, a phenomenon experts attribute to the retailer's strategy of keeping gas prices low.
Despite surviving recent wildfires, luxury homes in Malibu are struggling to sell, leading owners to cut prices by millions as buyers prioritize safety and insurance over prime locations, influenced by rising premiums and climate risks.
Indian carrier Akasa Air and Malaysia's AirBorneo are proceeding with expansion plans, adding new routes despite rising jet fuel prices and disruptions caused by the Middle East conflict.
Authored by Peter Tchir via Academy Securities, this article discusses 'Braggawatts, Cheap Chinese Compute, & Simple ROI.' It touches on weakness in chips and AI, as well as the escalation in Iran, providing an economic and geopolitical perspective.
Indian stock markets closed significantly lower for the fifth consecutive session, with the Sensex down 900 points and Nifty50 ending below 23,800. Rising oil prices and escalating Middle East tensions are cited as key factors fueling investor caution and a continued selling trend by foreign institutional investors.
The trade body Offshore Energies UK is urging the UK Government to provide a 'powerful reset' for the energy sector by backing controversial oil and gas projects in the North Sea.
Aliko Dangote, Africa's richest man, is reportedly targeting a $100 billion business empire, with strategic investments and expansion plans centered around oil and fertilizer production.
Consumers are increasingly considering electric vehicles due to high gas prices, with various strategies available to make EVs more affordable, including credit cards for charging and specialized insurance policies.
A strategist suggests that China's growing influence in the Middle East, amidst the U.S.-Iranian conflict, is leading to a shift in the world order where gold will benefit and the U.S. dollar will decline.
Coke's hike is an example of how the Middle East conflict is still forcing global companies to alter their supply chains and increase prices in their consumer markets.
The secondhand fashion market, valued at $350 billion, has seen a significant increase in prices and lost its subcultural roots, largely due to Gen Z resellers and platforms like Depop.
The Saudi-led coalition launched attacks on Houthi targets in Yemen, including the port city of Hodeidah, prompting the Houthis to vow retaliation and warning of a dangerous escalation in the conflict.
The Russian Central Bank has unexpectedly lowered its key interest rate by 25 basis points to 14%, despite warnings of higher inflation. The bank's chief acknowledged that the fuel crisis has driven up prices for a wide range of goods and services.
Oil prices are experiencing a significant increase due to growing concerns over a potential regional war involving Iran and its impact on crucial transit routes. Analysts warn that a full-scale conflict could lead to record-breaking oil prices.
Neste, a renewable jet fuel producer, has reported its best-ever quarterly results, swinging to profit amidst turmoil in the oil market. Despite the record performance, the CEO warned about production limitations.
US missiles have struck targets in Iran, even as the Trump administration appears to be shifting towards diplomatic solutions in the escalating conflict. The path towards de-escalation remains uncertain following these actions.
Russian energy giant Gazprom has increased the price of natural gas for Bosnia by 14.42%, prompting Energoinvest to emphasize the urgent need for supply diversification. This price hike comes amidst a 50% increase in European exchange prices.
Diet Coke prices are increasing in India due to a shortage of aluminum cans, a problem exacerbated by global supply chain issues and tensions in the Hormuz Strait. This shortage is impacting the cost of the popular beverage.
Houthi rebels claimed a missile strike on Saudi Arabia on Saturday, hours after vowing to retaliate against the kingdom for attacks as the Middle East conflict expanded.
Riyadh struck Houthi military…
With pressure on travel companies to sell beds and fill planes, prices for holidays are expected to reduce over the coming months, offering opportunities for last-minute deals.
Developing countries, including India and South Africa, are leading an initiative to build or expand official emergency fuel buffers after experiencing rationing during the Middle East conflict.
An analysis explores why oil forecasts frequently fail, citing factors such as ongoing wars, inventory levels, and China's economic influence as key disruptors.
Agricultural economists warn that the US cattle cycle is unlikely to improve soon, suggesting that beef prices will remain high and prompting consideration of cheaper protein alternatives.
Qatar's Prime Minister and Minister of Foreign Affairs, Sheikh Mohammed bin Abdulrahman Al Thani, met with UK Foreign Secretary Ed Miliband to discuss regional de-escalation efforts and bilateral cooperation.
A comparison of school supply prices at Walmart and Target found one retailer offered better prices for nearly all items on a back-to-school shopping list.
This week's market catalysts include major tech company earnings reports, the Federal Open Market Committee meeting, the anticipated IPO of Jersey Mike's, and ongoing concerns about oil prices.
Iran has issued a warning to countries assisting a potential US attack, as Middle East tensions drive Brent crude oil prices above $100 a barrel for the first time since May.
New home sales in the United States have risen for the first time in three months, with prices nearing a five-year low amidst broader declines in existing home prices.
Gold prices edged higher, holding above $4,000 an ounce, as traders weighed the escalating conflict in the Middle East and expectations for tighter monetary policy from the Federal Reserve.
An analysis explores the possibility of a significant stock market crash, suggesting that US and UK stock prices are currently at elevated levels and could potentially be halved.
Newmont reported better-than-expected Q2 earnings despite lower gold prices, while Sensient Technologies also surpassed analyst estimates for both non-GAAP EPS and revenue in its second quarter.
The Security Service of Ukraine (SSU) carried out a series of successful overnight strikes on July 24, targeting oil refineries, oil pumping facilities, and a radar station in Russia and temporarily occupied Crimea.
TEN (Tsakos Energy Navigation) has taken delivery of its third DP2 shuttle tanker, which is intended for a long-term charter with a major US oil company. This delivery is part of a larger order of 12 such tankers being built in South Korea.
The Central Bank of Cyprus (CBC) governor, Christodoulos Patsalides, has cautioned about potential upward inflation risks, citing the persistent conflict in the Middle East.
Georgia's Foreign Ministry has expressed regret over the EU's decision to conditionally include the Kulevi oil refinery in its 21st Russia sanctions package, stating there were no factual or legal grounds for the move and hoping for a review.
South Korea has decided to keep its current fuel price caps unchanged, citing renewed tensions in the Middle East, but indicated that future adjustments remain a possibility.
For Generation Z, achieving homeownership has become increasingly difficult due to soaring prices, high mortgage rates, and a shortage of affordable starter homes, challenging the traditional path to adulthood.
Oil tankers are incurring higher costs to reroute from the Hormuz and Bab el-Mandeb straits, which are experiencing disruptions due to actions by Iran and Houthi rebels, forcing Saudi Arabia to find alternative export routes.
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Donald Trump stated that a nuclear agreement with Saudi Arabia would not proceed unless the kingdom joins the Abraham Accords, adding a new condition to the potential deal. This announcement has caused internal White House panic and raised concerns about Middle East arms proliferation.
Iran's military has claimed responsibility for drone strikes on US bases located in Kuwait, Jordan, and Bahrain. This announcement comes amid heightened tensions in the region.
An oil tanker bound for Japan made a U-turn in the Red Sea and rerouted around Africa, incurring costly transit, due to threats from Houthi rebels. Kenya has also raised alarm over the Houthi threat to blockade the Red Sea strait.
The upcoming El Niño phenomenon is predicted to be one of the most powerful ever recorded, potentially leading to warmer winters, increased food prices, and significant ecological changes globally. Experts are studying its potential effects on various regions and ecosystems, including the Galápagos Islands.
The Pakistani government has revised fuel rates, increasing the price of petrol by Rs3.66 and high-speed diesel by Rs4.80 per liter. These new prices are effective for July 25.
The EU has sanctioned Georgia's Kulevi oil refinery for its involvement in processing Russian oil. Following the sanctions, the refinery announced it would cease using Russian crude.
The Land Transportation Franchising and Regulatory Board (LTFRB) in the Philippines is planning to expand and increase fuel discounts for public utility vehicles (PUVs) in response to recent oil price hikes.
Yaki Dayan, former Israeli consul, warned that a US-Saudi nuclear agreement could trigger a regional arms race and trap the US in an 'escalation trap'.
The typical price of an Irish home has increased by €23,000, even as sales decline due to tight supply, with energy-efficient properties commanding a €100,000 premium.
An analysis suggests that Saudi Arabia should develop a nuclear industry but without its own uranium enrichment capabilities, emphasizing that nuclear proliferation remains the greatest threat amid Middle East tensions.
India and South Africa are leading an effort among developing countries to build or expand official emergency fuel stockpiles, prompted by rationing experiences during the Middle East conflict.
Global equities experienced a mixed day, with Brent crude oil prices dropping below US$97 a barrel after Houthi rebels announced they were not blocking traffic through the strategic Bab al-Mandeb Strait.
The Tehran Times has published an analysis titled 'Reaping the Whirlwind: $100 Oil and Ruined US Bases Shatter Trump’s Iran Strategy.' The article discusses the impact of rising oil prices and damaged US bases on Trump's approach to Iran.
Roads in Pennsylvania are being treated with oil and gas brine, which contains radioactive wastewater, raising concerns about the unknown fate of radium after its application and potential environmental and health impacts.
The US Embassy in Jerusalem issued a warning to US citizens to be prepared for possible flight cancellations due to heightened tensions in the Middle East.
The Federal Reserve is weighing a potential interest rate hike to preempt an energy-driven surge in prices, despite uncertainty about the exact path of inflation.
Economists warn that Australian households could face an interest rate hike and petrol prices exceeding $2 a litre, as the escalating Middle East crisis pushes global crude oil prices above $US100 a barrel.
An opinion piece discusses whether Israel is being sidelined in the formation of a new regional order despite its historical involvement and contributions to the Middle East.
The U.S. economy, which had begun to accelerate, has slowed down following the failure of Iran peace talks and a subsequent surge in oil prices, with S&P surveys indicating rising inflation and supply chain issues.
New threats have raised concerns about a potential Iranian invasion of Kuwait, leading to fears of a wider Middle East conflict that could escalate rapidly due to miscalculation.
Electricity costs are expected to increase in the coming months due to various factors including low water levels in Nordic countries, Middle East instability, and a recent corporate takeover.
Air transport prices in Cyprus decreased in June, contrasting with a general rise in average air fares across the European Union, according to Eurostat figures.
Strikes on covert CIA bases in the Middle East suggest unprecedented intelligence sharing between Russia, China, and Tehran, raising questions about the extent of their support for Iran in its conflict with the US.
Global anxieties about inflation have returned, fueled by oil prices nearing $100 per barrel and the imposition of new tariffs, signaling potential economic headwinds.
China and the Association of Southeast Asian Nations (ASEAN) have urged a lasting resolution to the ongoing conflict in the Middle East and pledged to enhance cooperation on energy security.
A surge in tech wealth is driving record prices for dinosaur bones, art, and watches, with major auction houses reporting nearly $10 billion in sales during the first half of the year, marking one of their strongest starts ever.
Mortgage prices in the UK have increased again due to inflation expectations and renewed hostilities, leading to an 'incredibly frustrating' reversal in rates.
Pakistan's Army Chief Asim Munir reportedly mediated a Saudi-Iran deal by leveraging a joint oil transport venture with the IRGC Chief, which has been discreetly moving oil from Iran to Pakistan since late last year.
