Beijing has instructed major refiners to sustain high fuel production levels to safeguard domestic supplies against potential crude oil disruptions from the Persian Gulf, according to a report.
In his first public statement since taking power, Ayatollah Mojtaba Khamenei pledged vengeance for the killing of his father, casting doubt on a fragile truce with the U.S. and increasing geopolitical risk in the Middle East.
Claudio Descalzi, CEO of Italian energy major Eni, warned that ongoing conflict in the Middle East could push crude oil prices above $100 per barrel by early 2027 as strategic reserves dwindle and supply chains remain vulnerable.
The U.S. military has conducted retaliatory strikes against Iran following an attack by the Islamic Revolutionary Guard Corps on a commercial vessel, escalating tensions in the critical Strait of Hormuz shipping lane.
Iran has launched a wave of missile and drone attacks against U.S. facilities in several Gulf states, including Qatar and the UAE, and declared the vital Strait of Hormuz closed. The U.S. military has conducted retaliatory strikes and disputes Iran's claim, stating that maritime traffic continues.
The South African rand held its ground against the U.S. dollar on Monday, with currency traders awaiting the release of Federal Reserve meeting minutes for signals on future interest rate policy.
The cryptocurrency exchange is offering a 25,000 USDT prize pool in a promotional event running until July 15, aimed at increasing user deposits and adoption of its Bybit Pay service.
The Canadian dollar strengthened against its U.S. counterpart after the domestic economy added significantly more jobs than forecast in June, reinforcing signs of a second-quarter economic rebound.
The cryptocurrency exchange is offering a share of a 25,000 USDT prize pool to users who make qualifying fiat deposits and transactions with its Bybit Pay service through mid-July.
