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DARK SECRETS: 4 | Vintage Vibes

OPEC+ Raises Output Target For August. Smooth Sailing Seen For Oil Price Trajectory

OPEC+ has agreed to a provide a significant boost to oil output by raising targets from August aimed to further add to global oil supplies after the Middle East conflict spurred prices to as high as $120 a barrel.

International Business Times

Khamenei's three sons attend funeral prayers; successor Mojtaba remains absent on Day 2

Iran mourned Supreme Leader Ali Khamenei, killed in a February 28 airstrike, with prayers and public ceremonies in Tehran. His son and successor, Mojtaba Khamenei, was notably absent, reportedly injured in the same attack. Millions are expected to pay their respects as the nation grapples with calls for revenge and…

The Economic Times

Hormuz disruption, border wars choke Afghanistan's auto trade

Afghanistan's vital car parts trade in Spin Boldak has ground to a halt, crippled by escalating border conflicts with Pakistan and the recent Middle East war. Disruptions to key shipping routes, like the Strait of Hormuz, have sent import costs soaring and left businesses facing massive losses.

The Economic Times

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India eyes oil exploration expansion after Middle East war shortages

In response to a critical energy supply crisis, India is ramping up its efforts in domestic crude exploration. The country, known for its reliance on oil imports, is set to unveil extensive uncharted regions for bidding. This initiative, named 'Samudra Manthan,' aims to enhance production levels in light of rising…

The Economic Times

OPEC+ tipped to raise quotas again as Middle East calms

Seven OPEC+ nations, including Saudi Arabia and Russia, are poised to increase oil production quotas for August, aiming to recover from disruptions caused by the Middle East war. Analysts predict a gradual return to normal output levels, though restarting shut-in production will take time.

The Economic Times

Iran prepares casket prayers for Ayatollah Ali Khamenei as funeral enters second day

Iran is holding massive funeral ceremonies for its slain Supreme Leader Ali Khamenei, who died in an airstrike. Huge crowds have gathered in Tehran to pay their respects, with chants of defiance against the US and Israel echoing. The nation observes a public holiday as processions are planned through the…

The Economic Times

Iran to impose new service fees in Hormuz, reserves special treatment for 'friendly' nations

Iran's ambassador to China announced new service fees for ships transiting the Strait of Hormuz, despite US objections. Ambassador Abdolreza Rahmani Fazli stated these fees would cover security, supervision, and environmental concerns, with "friendly" nations receiving special consideration. This comes after Iran lifted its blockade of the vital waterway following…

The Economic Times

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Mojtaba Khamenei's absence draws attention as Iran bids farewell to Ali Khamenei

Iran mourns its Supreme Leader Ayatollah Ali Khamenei, killed in recent Middle East conflict. His funeral, expected to draw millions and foreign dignitaries, is under heightened security due to potential attacks. Notably, his son and successor, Mojtaba Khamenei, was absent from initial ceremonies. Burial plans have been delayed amid security…

The Times of India

Ali Khamenei's body arrives in Tehran ahead of funeral expected to draw millions

Millions are expected to bid farewell to Iran's Supreme Leader Ali Khamenei, whose body arrived in Tehran for his funeral. The grand ceremony, attended by foreign dignitaries, follows a fragile ceasefire in the Middle East. Preparations are underway for multi-city commemorations, with calls for a massive turnout to avenge his…

The Economic Times

Sensex jumps 262 points, Nifty closes above 24,270. 7 key factors behind today's D-Street gains

Indian stock markets surged on Friday, with Sensex and Nifty climbing over 0.3% each. This rally was fueled by easing Middle East tensions, reduced expectations of US Federal Reserve rate hikes, and a stronger rupee. IT stocks led the gains, while broader markets lagged. Positive global cues and tapering FII…

The Economic Times

Tata Motors PV shares in focus as Iran-US conflict impacts JLR volumes in Q1. What's ahead?

Tata Motors' luxury arm, Jaguar Land Rover, saw a significant 15.3% drop in retail sales for Q1 FY27. Disruptions from the Middle East conflict, a supplier fire, and phasing out older Jaguar models impacted volumes. Despite these challenges, the strong performance of Range Rover models offers a glimmer of hope…

The Economic Times

Hundreds gather at Khameni funeral site ahead of Saturday opening

Hundreds of people gathered on Friday at Tehran’s Grand Mosalla religious complex where the late Ali Khamenei's funeral will be held over the weekend, AFP said. Officials and foreign dignitaries including Iranian President Masoud Pezeshkian and top negotiator Mohammad Bagher Ghalibaf earlier paid their respects as Iran’s slain supreme leader…

France 24

'No Israeli security without Palestinian freedom; no Palestinian freedom without Israeli security'

In this edition, FRANCE 24's François Picard talks with Dr. Gershon Baskin, Middle East Director of the International Communities Organisation and former hostage negotiator. One thousand days after the outbreak of the Gaza war, Gershon Baskin shares a stark assessment of Israel's political and strategic trajectory. Rather than framing the…

France 24

Iran's Supreme Leader Mojtaba Khamenei to skip father Ali Khamenei's funeral over security fears: Report

Iran's new Supreme Leader, Mojtaba Khamenei, will skip his father's funeral due to Israeli threats, according to a representative. This follows a stark warning from Iran's Foreign Minister to the US, citing Israeli remarks about Mojtaba Khamenei being "marked for death." Diplomatic talks in Doha reported positive progress on a…

The Times of India

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Barchart

Crude Prices Tumble as Global Oil Supplies Normalize

August WTI crude oil (CLQ26 ) today is down -0.91 (-1.33%), and August RBOB gasoline (RBQ26 ) is down -0.0758 (-2.57%). Crude oil and gasoline prices extended their three-week-long slide today, with crude falling to a new 4.25-month low. Crude prices are falling today as an increase in Middle Eastern...

The Economic Times

Tata Motors PV Q1 update: Sales jump 46%; JLR volumes hit by supply disruptions and Middle East conflict

Tata Motors reported a 46% rise in passenger vehicle sales for the June quarter, driven by strong demand and record EV sales. However, Jaguar Land Rover posted lower volumes due to supply disruptions, geopolitical challenges and the planned Jaguar model transition.

The Economic Times

US construction spending inches up in May, but homebuilding weak

In May, US construction spending edged up by a mere 0.1%, influenced by increased mortgage rates partly due to tensions in the Middle East. While there was a slight boost in residential renovations, new single-family housing projects saw a downturn. Additionally, private nonresidential construction faced a decline, whereas state and…

Bangkok Post

US-Iran indirect talks to resume after Khamenei funeral

DOHA, Qatar - The next indirect US-Iran talks will come after the funeral for the late supreme leader of Iran, mediators said on Thursday, as diplomacy inches ahead on ending the Middle East war.

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The Economic Times

US manufacturing activity eases in June; prices paid by factories remain elevated

US manufacturing activity saw a slight dip in June, following a robust May. While expansion continues for the sixth month, the pace has moderated. This slowdown is attributed to a fading boost from businesses stocking up ahead of potential supply chain disruptions and price hikes linked to Middle East tensions.

Bangkok Post

Gold volatility deters buyers, says Khon Kaen shop owner

KHON KAEN - Weeks of volatility in gold prices because of the conflict in the Middle East have taken a toll on activity at gold shops in this northeastern province, says a local proprietor.

Bangkok Post

Talks in Qatar after US-Iran deal: What we know

DOHA - US envoys met with Qatari mediators on Tuesday in Doha to discuss negotiations with Iran, the Gulf state said, after Tehran and Washington agreed a memorandum of understanding this month to halt the Middle East war.

France 24

US envoys met with mediators in Qatar, talks with Iran up in the air

US envoys met Qatari mediators in Doha on Tuesday for discussions on negotiations with Iran, even as both Tehran and Doha dismissed President Donald Trump's suggestion that direct US – Iran talks were taking place. The meetings come as both sides seek to implement a memorandum of understanding aimed at…

The Economic Times

US stocks today: S&P 500, Nasdaq post best quarter since 2020 despite Iran war

Indian markets closed the quarter on a high, mirroring global trends with significant gains for the S&P 500 and Nasdaq, driven by optimism around economic and earnings growth. Despite geopolitical tensions, particularly concerning the Middle East conflict, investor sentiment remained robust. Technology stocks led the charge, with the Nasdaq celebrating…

The Economic Times

US envoys Steve Witkoff, Jared Kushner meeting mediators in Doha

US envoys, including Steve Witkoff and Jared Kushner, are in Doha for talks with Qatari mediators concerning regional issues, notably Iran, Lebanon, and the ongoing Middle East conflict. While discussions will touch upon Iran, direct high-level negotiations between the US and Iran are not scheduled. Technical delegations are present to…

The Guardian - UK

China is a clear winner from Trump’s war in Middle East, report concludes

Beijing, whose stockpiles and renewables industry allowed it to withstand energy shock, is now gaining from global solar and EV push

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