The spot price of dated Brent crude oil surged over 7% to $131.97 per barrel, reflecting tight physical supply amid a fragile ceasefire between the US and Iran. Despite the truce, the critical Strait of Hormuz remains largely blocked, causing significant disruption to global oil flows and creating a wide gap between dated Brent and futures prices. Analysts warn that the ceasefire is unlikely to ease the acute stress in the physical oil market soon, with tanker traffic expected to remain constrained for weeks or months. This situation highlights ongoing scarcity and operational risks in oil supply, despite some easing in geopolitical tensions.
The global automotive microcontrollers market is projected to grow from USD 15.49 billion in 2025 to USD 34.31 billion by 2035, at a CAGR of 8.28%. Growth is fueled by increasing adoption of advanced driver-assistance systems (ADAS), vehicle electrif...
Brazil Potash Corp. disclosed a procedural filing by the Brazilian Federal Public Defender’s Office seeking to suspend activities at its Autazes potash project. The filing challenges prior favorable court decisions but does not introduce new facts or...
DT Midstream, Inc. will announce its financial results for the second quarter of 2026 before the market opens on July 30, 2026. The company has scheduled a conference call at 9:00 a.m. ET on the same day to discuss the results. Investors and the publ...
UK GDP grew 0.8% over three months, beating expectations and showing resilience despite geopolitical risks. The FTSE 100 opened lower amid mixed company results, with major takeovers announced for Rotork (£4.1bn by ABB), Gooch & Housego (£345.6m by A...
Bitcoin briefly reached a three-week high near $65,600 before retreating to around $64,000, influenced by lower-than-expected US inflation data and geopolitical tensions. Ethereum also reversed from a six-week peak near $1,950, slipping below $1,900....
