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HISTORICAL FACTS: 13 | History Defined

Brent crude jumps 7%, climbs over $90 on escalating Middle East strikes

Oil prices surged significantly amid renewed Middle East airstrikes and supply concerns. U.S. crude inventories dropped to a multi-year low, further impacting market sentiment. Military actions in the Strait of Hormuz and surrounding regions contributed to price volatility. Analysts predict oil prices will fluctuate within a broad range in the…

The Economic Times

Rupee firms, volatility expectations tick up heading into Fed decision

On Wednesday, the Indian rupee hit a three-week peak as local stocks surged, with traders adjusting their positions ahead of the Federal Reserve's decision. State-run banks contributed by selling dollars, which alleviated demand pressure amid futures expiry. However, Brent crude prices soared amidst rising tensions in the Middle East, while…

The Economic Times

Iran launches new missile attacks as US and Saudi Arabia strike Tehran-backed militias in Iraq

Iran launched a wave of missile attacks targeting U.S. forces across the Middle East on Wednesday, as American and Saudi forces struck Tehran-backed militias in Iraq, killing at least 20 fighters and six Iranian advisers.

France 24

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Global Market: Japan's Nikkei swings between gains and losses as AI stock selloff persists

Japan's Nikkei index saw mixed trading as investors awaited major US tech earnings. AI and chip-related stocks continued to face pressure, tracking global weakness. Geopolitical tensions in the Middle East also contributed to market uncertainty and rising oil prices. However, strong earnings from select companies like Keyence provided some support.…

The Economic Times

All Iranian Missiles Intercepted, Says CENTCOM After Surprise Attack: Dow Futures Rise 63 Points, Oil Reverses Losses With Nearly 4% Gains

Late Tuesday, U.S. stock futures edged higher as oil prices surged after the U.S. military said it intercepted a surprise Iranian missile attack, reviving concerns over Middle East stability and global energy supplies.

Benzinga

The Latest: US military says it has thwarted an Iranian missile attack on American troops

The U.S. military says Iran launched multiple ballistic missiles at American forces in the Middle East on Tuesday

The Independent UK

WEC updates 2026 calendar with Barcelona and Monza replacing Middle Eastern rounds

The ongoing conflict in the Middle East has forced further changes to 2026 WEC calendar

Autosport

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WEC replaces Middle East rounds with new races in Barcelona and Monza

The ongoing conflict in the Middle East has forced further changes to 2026 WEC calendar

Motorsport

India plans up to quarter of 2027 LPG imports from US, sources say

India plans to buy a quarter of its LPG imports from the United States in 2027. This move aims to reduce Middle East reliance and support trade deal efforts. State refiners will issue tenders for US LPG supplies within two months. Higher US energy purchases could help narrow India's trade…

The Economic Times

Oil prices fall 1% as investors weigh pause in US strikes on Iran

Oil prices dropped as market participants assessed a pause in US strikes on Iran. Hopes for a diplomatic solution eased concerns about Middle East energy flows. President Trump indicated positive talks with Iran, but warned of resuming strikes if negotiations fail. Analysts noted reduced traffic through key shipping straits and…

The Economic Times

'Too high': RBA rates warning as inflation fears flare

The Reserve Bank governor says interest rates may need to go higher, as Australia's weak productivity problem locks households in for lower living standards.

AAP

Potential for first Australian oil refinery in 60 years as treasurer braces for inflation from Middle East war

Commonwealth and Western Australia to fund study into construction of large-scale petrol refinery as buffer against fuel vulnerability

The Guardian - AU

US energy cushion faces new stress test as Middle East risks rise again

As Middle East tensions rise, America’s energy market stability is put to the test. Record levels of electricity demand and heavy data-center usage are straining the nation’s energy system. Critical metrics like oil and gas production are actively monitored for pressure points, while tight refined product inventories raise concerns. Although…

The Economic Times

Stock Market: Will S&P 500 Open Up or Down Today?

U.S. stock futures are rising heading into Monday morning, driven by a temporary lull in Middle East hostilities and a steep pullback in global energy prices.

Benzinga

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The Economic Times

RBI reiterates Indian economy remains resilient, but Iran war, deficient monsoon could pose risks to outlook; will there be rate change in August?

The RBI is widely expected to keep interest rates unchanged at its 5 August policy meeting, making it one of the few central banks in the region that has not changed policy in response to the Middle East conflict. Governor Sanjay Malhotra has indicated that the policy rate is likely…

International Business Times UK

Iran Accuses Israel of Driving Ukraine's Deadly Strike as Caspian Sea Becomes Latest Flashpoint

Iran accuses Israel of orchestrating a Ukrainian strike on its vessel in the Caspian Sea, escalating tensions in the Middle East and Eastern Europe. Ukraine denies Israeli involvement.

The Independent UK

Republican senator breaks ranks with Trump over controversial nuclear deal with Saudi Arabia

Another GOP senator breaks with president on the Middle East as war with Iran divides his party

Bangkok Post

Malaysia steps in to host Bahrain F1 GP in October

BUDAPEST - The Bahrain Grand Prix, which was cancelled in April due to the Middle East war, will be held in Malaysia in early October, Formula One organisers announced on Sunday.

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The Economic Times

12 commercial vessels redirected, two 'non-compliant' ships disabled as US enforces full blockade against Iran: CENTCOM

US Central Command confirmed its naval blockade against Iran remains fully operational. Coalition forces redirected twelve commercial vessels attempting to breach the maritime perimeter. Two ships were disabled after failing to comply with orders and ignoring warnings. Two other vessels were boarded to ensure complete adherence to the blockade. These…

Bangkok Post

Houthis target Saudi oil as new Middle East front

SANAA - Yemen's Iran-backed Houthi rebels said they had launched missile and drone salvos against Saudi Arabia's oil facilities on Saturday, as fighting between regional allies of the United States and Iran intensified on a new front.

The Independent UK

Trump says Iran cannot have nuclear weapons as strikes intensify across the Middle East

IN FULL

The Economic Times

Why gold is showing signs of reversal after recent selling pressure

Gold prices are stabilising after recent declines, supported by escalating Middle East tensions, robust central bank buying and resilient Asian demand. While a strong dollar and high interest rates remain headwinds, analysts expect consolidation with potential upside if geopolitical and monetary conditions improve.

The Economic Times

Gold edges up as Brent eases, Mideast developments in focus ahead of Fed meet

Gold prices saw a slight increase on Friday as Brent crude oil retreated from highs. Investors are assessing Middle East conflict developments and their inflation implications. They also await the US Federal Reserve's interest rate decision next week. Bullion has seen a correction from record highs earlier this year. Elevated…

The Guardian - UK

Iran-backed Houthis claim missile attack on Saudi Arabia as regional tensions escalate

Saudi air defences intercept ballistic missiles as Iran reports first night without US strikes in two weeks

France 24

Houthis target Saudi oil facilities as new Middle East front

Yemen's Iran-backed Houthi rebels launched missiles and drones at Saudi Arabia's oil infrastructure on Saturday, retaliating for Saudi strikes in Yemen and intensifying a regional conflict that is increasingly threatening energy supplies and vital shipping lanes.

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