Tehran warns vessels against using alternative transit corridors in the Strait of Hormuz without prior coordination, escalating tensions over key oil shipping lanes. Iran’s Islamic Revolutionary Guard Corps declared unauthorized shipping routes through the Strait of Hormuz
Rupee to open in 94.25-94.30 range on falling oil prices The Indian rupee is expected to open firmer in the 94.25-94.30 range. This is due to Brent crude sliding below pre-Iran war levels, with the Reserve Bank of India likely to support the currency. Brent
Treasury Secretary Bessent’s Greenspan analogy fuels expectations of a single 2026 rate increase followed by cuts in 2027. Markets are interpreting Treasury Secretary Bessent’s unprompted reference to Alan Greenspan’s 1997 rate hike as a signal for a Federal Reserve increa
Onchain data reveals Iran-associated entities transferred over $3.84 billion through crypto exchange CoinEx, bypassing U.S. sanctions. Iran-linked entities have moved more than $3.84 billion through cryptocurrency exchange CoinEx, according to analysis of public onchain da
Iran’s IRGC asserts control over safe passage in the Strait of Hormuz, warning vessels to use only designated routes or face action. Iran’s Islamic Revolutionary Guards Corps (IRGC) announced that safe transit through the Strait of Hormuz is permitted only via routes desig
Tehran asserts control over Strait of Hormuz transit, raising risks for 20% of global oil supply and tanker freight rates. Iran’s Islamic Revolutionary Guard Corps warned vessels transiting the Strait of Hormuz must coordinate with Iranian forces or face interception, boar
Magnitude 7.1 quake hits Venezuela, causing high casualties A magnitude 7.1 earthquake struck north-central Venezuela, collapsing buildings in Caracas. Estimated economic losses are 1-4% of Venezuelan GDP. The USGS PAGER system issued a red alert for both shaking-re
UK vehicle production increased 2.7% year-on-year in May UK vehicle production rose 2.7% in May to 51,178 units, ending four consecutive months of decline. The increase was driven by an 83% surge in US shipments. Despite the rise, the sector faces challenge
Top energy officials say proposed EU methane regulations threaten LNG supply chains, risking higher prices and supply disruptions. The United States and Qatar have cautioned the European Union that stringent methane regulations could trigger a gas supply crunch and elevate
The funding supports eXoZymes' Phase IIB SBIR program to develop modified cannabinoids for pharmaceutical applications starting mid-2026. eXoZymes secured a $2.02M grant from the National Institutes of Health to advance cannabinoid analog research. The funding, part of a P
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