Escalating US-Iran tensions and attacks on Saudi tankers lift Brent crude above USD90 as shipping routes face heightened risks. Brent crude prices climbed above USD90 per barrel as geopolitical tensions in the Middle East escalate, raising concerns over global oil supply.
Attacks on Saudi crude carriers prompt rerouting as shipowners assess risks from Yemen’s Houthi naval blockade. Two Saudi oil tankers have been targeted by Yemen’s Houthi forces in the Bab el-Mandeb Strait, prompting vessels to divert from the key chokepoint. The attacks f
White House officials allege Moonshot AI distilled Anthropic’s Fable to develop its Kimi K3 model, risking sanctions and export curbs. US officials accused China’s Moonshot AI of using Anthropic’s Fable AI model to develop its Kimi K3, launched last week. The White House w
US uses B-1 bomber in Iran strike, escalating tensions The US has deployed a B-1 bomber in a strike against Iran, marking a significant escalation in the conflict. The B-1 bomber can carry two dozen 2,000lb bombs or dozens of cruise missiles and flies faster than s
Brent crude rises to $96 a barrel Oil prices are increasing due to rising tensions in the Middle East, with Brent crude reaching $96 a barrel and WTI at $88. The conflict is affecting key shipping routes, including the Strait of Hormuz and the Bab el-Mandeb.
US aims for interim trade deals by year end The US is seeking interim trade deals with Canada and Mexico. The USMCA renegotiation has been delayed, and a piecemeal approach is adding to uncertainty. Markets view an interim deal with Mexico as more achievabl
Tehran warns of proportional military response after Trump threatens attacks on Iranian assets in Strait of Hormuz tensions. Iran’s Foreign Minister Abbas Araghchi stated Tehran will retaliate in kind to any US attack on its infrastructure, following President Trump’s thre
US surges forces to Middle East amid rising Iran tensions The US is increasing its military presence in the Middle East, raising the risk of further escalation in the conflict with Iran. The buildup follows the deaths of US soldiers in Iranian attacks and comes as
The 30-year agreement allows US nuclear technology exports to Saudi Arabia, reinforcing strategic ties amid OPEC+ energy policy links. The United States and Saudi Arabia formalized a nuclear cooperation agreement on 22 July, enabling US nuclear technology exports to the ki
US stock indices give up their gains and close lower on the day Alphabet beats Q2 estimates as cloud revenue surges and Gemini usage grows Tesla, Alphabet, ServiceNow, IBM, Texas Instruments all report after the close Iran broadens its threats as the rhetoric turns increasingly...</strong
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