Elizabeth Warren urges Senate to prohibit presidents, lawmakers, and families from profiting from cryptocurrency investments. U.S. Senator Elizabeth Warren has called for stringent restrictions in upcoming cryptocurrency legislation, targeting potential conflicts of intere
WTI crude rises 1.54% to $79.02 after Iranian forces strike supertankers in a key global chokepoint. Iran’s Islamic Revolutionary Guards Corps (IRGC) disabled two supertankers in the Strait of Hormuz after the vessels ignored warnings and traversed a mined route. The IRGC
Preliminary data shows Singapore’s economy expanded 5.7% year-on-year, easing from Q1’s 6.3% pace ahead of the central bank’s review. Singapore’s economy grew 5.7% year-on-year in the second quarter, slightly above the 5.5% forecast but slowing from Q1’s 6.3% expansion. Th
UK retail sales rose 1.9% year on year in June The UK consumer spending trend is showing signs of deceleration, despite a 1.9% year-on-year increase in retail sales in June. The growth in sales was supported by spending on heat and football, with non-food sales gro
The attack marks the first confirmed use of Iranian cruise missiles against tankers, escalating tensions ahead of a US naval blockade. Iranian cruise missiles struck two UAE-flagged tankers in the Strait of Hormuz, killing one Indian crew member and injuring eight others.
An incident northeast of Qalhat underscores vulnerabilities in alternate Gulf routes as US sanctions on Iran take effect. A tanker was struck by an unknown projectile 40 nautical miles northeast of Qalhat, Oman, at 2104 UTC on 13 July, hours before a US naval blockade of I
Reserve Bank of New Zealand signals further tightening to counter inflation pressures from geopolitical conflicts despite easing oil prices. The Reserve Bank of New Zealand indicated additional monetary tightening may be necessary as Middle East tensions elevate inflation
Cryptocurrency funds saw $281.8M in inflows last week, breaking a streak of outflows as geopolitical risks cloud the recovery. Cryptocurrency investment funds recorded $281.8M in inflows last week, the first positive weekly flow since June. The rebound follows a period of
Brent and WTI post largest single-day gains in months after US reinstates Iran blockade and Saudi facilities come under attack. Oil benchmarks surged nearly 10% as geopolitical tensions escalated, with Brent settling at $83 and WTI at $78 a barrel. The gains marked the lar
Pentagon confirms first combat use of unmanned surface vessels targeting Iran's Bandar Abbas naval facility. The US military conducted its first combat operation using armed naval drones, striking a naval facility at Iran's Bandar Abbas base on Sunday. The Pentagon describ
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