Ayatollah Mojtaba Khamenei has vowed retaliation for the killing of his father and predecessor, Ayatollah Ali Khamenei, signaling a period of heightened geopolitical risk that could impact global energy markets.
The rand weakened about 0.5% against the dollar, trading at 16.3850, as escalating geopolitical tensions between the U.S. and Iran drove investors away from risk-sensitive emerging-market currencies.
The Italian Treasury has appointed BofA, Citigroup, Goldman Sachs, and Morgan Stanley to manage a syndicated sale of new U.S. dollar-denominated bonds with maturities in 2031, 2036, and 2056.
President Donald Trump announced the end of a ceasefire with Iran following a week of renewed military conflict in the Gulf, even as both sides agreed to continue talks. The escalation has pushed crude oil prices to their largest weekly gain in eight weeks, heightening concerns over global energy supplies.
The U.S. shale producer reported its average realized oil price jumped to $96.78 per barrel in the second quarter, citing higher benchmark crude rates fueled by supply disruptions from the U.S.-Iran conflict.
Energy company Holtec Nuclear Corporation has filed for an initial public offering on Nasdaq, seeking to raise capital for its development of small modular reactors (SMRs).
A federal judge has paused a union lawsuit challenging the Trump administration's plan for deep layoffs at the Consumer Financial Protection Bureau. The case will resume after the Senate decides on the nomination of Brian Johnson to lead the agency.
Shares of cybersecurity firm CrowdStrike fell sharply as investors locked in recent gains, a move amplified by post-split trading volatility and routine, pre-planned insider sales.
The U.S. Treasury Department has imposed new sanctions on an Iranian financial network, including a prominent businessman, in response to recent attacks on commercial shipping in the Strait of Hormuz.
