The International Energy Agency projects global oil demand will fall by 1 million barrels per day this year, the first annual decline since the pandemic, citing significant disruptions from the conflict in the Middle East.
President Donald Trump announced an end to the ceasefire with Iran but said talks would continue, a claim Iran disputed. The escalation has roiled energy markets, pushing oil prices to their largest weekly gain in eight weeks amid renewed attacks in the Strait of Hormuz.
A Georgian court has sentenced opposition politician Aleko Elisashvili to 13 years in prison on an attempted terrorism charge, a development that highlights growing political tensions and concerns over democratic backsliding in the EU-aspirant nation.
Stockpiles of jet fuel and kerosene in the key Amsterdam-Rotterdam-Antwerp region fell to 592,000 metric tons amid a drop in both exports and imports, according to data from Insights Global.
HSBC has lowered its gold price forecasts for 2026 and 2027 after a sharp pullback, but maintains a bullish long-term view, citing ongoing fiscal spending and geopolitical tensions as key supports for the precious metal.
State-owned QatarEnergy has reportedly halted plans to ramp up output at its massive Ras Laffan LNG facility due to safety concerns following an attack on a tanker in the vital Strait of Hormuz.
Citigroup analysts forecast the U.S. dollar could climb to ¥163 against the yen if Japan's Topix stock index rises to 4,500, citing the historical link between strong equities and currency weakness.
According to Morgan Stanley, Nvidia's next phase of growth will be driven by a diversifying customer base that includes enterprise, industrial, and sovereign AI clients, reducing its reliance on a few large cloud providers.
The U.S. dollar weakened as a drop in oil prices eased inflation fears and minutes from the Federal Reserve's June meeting revealed a more divided policy committee than some investors had expected.
