Latest news

Iraq
Jul 7, 2026

United States revokes license which authorized Iranian oil exports

On Tuesday, the United States revoked a general license which authorized the sale of Iranian crude oil. A U.S. official had warned that Iran's actions in the...

Canada
Jul 7, 2026

Canada has agreed to a possible C$400-million investment by Teck for strategic metals production.

In a statement released on Tuesday, Canada's Natural Resources Ministry announced that the government could invest up to C$400,000,000 ($281.93,000,000) in Teck Resources to expand the facility...

Iran
Jul 7, 2026

Official: US revokes license which authorized Iranian oil exports

A U.S. official announced on Tuesday that the United States was revoking the 'general license' that allowed the sale of Iranian oil. The official warned that Iran’s...

United Kingdom
Jul 7, 2026

Gold prices fall as Middle East tensions drive oil prices up. Fed minutes are awaiting.

Investors watched the Middle East hostilities that pushed oil prices higher and waited for the minutes of the U.S. Federal Reserve meeting in June to get a...

China
Jul 7, 2026

As NATO meets, oil prices are pushed up by tensions over the Hormuz region and AI concerns on Wall Street

Investors' worries about the?sustainability? of an AI rally coupled with renewed Middle East tensions drove oil prices up. The Nasdaq Composite, which is dominated by tech stocks,...

United States
Jul 7, 2026

New York Fed: US consumers' expectations of near-term inflation rise in June

?U.S. In June, consumers were less concerned about the near-term inflation rate even though their concerns about gas prices had decreased. They also felt more optimistic about...

United States
Jul 7, 2026

Gold prices fall as Middle East tensions drive oil prices up. Fed minutes are awaited.

As 'investors' watched the escalating hostilities that have risen oil prices in the Middle East, gold slid on Tuesday. They also awaited the minutes of the U.S....

United States
Jul 7, 2026

NY Fed survey shows rising expectations for inflation in the near future

The Federal Reserve Bank of New York released a report on Tuesday that said 'Americans became more concerned in June about the near-term inflation pressures, even though...

Fossil Fuels
Jul 7, 2026

Sources say that Russia's largest refinery has halted processing following a drone attack

Two industry sources said on Tuesday that the largest oil refinery in Russia, Omsk, had halted operations following an attack by a Ukrainian drone. The attack on...

Taiwan
Jul 7, 2026

Oil spikes due to Iran fears, but stocks fall on AI concerns

The global stock market fell on Tuesday, as investors remained concerned about the sustainability if the AI-driven rally. Oil prices also rose due to renewed Middle East...

Hong Kong
Jul 7, 2026

Andy Home: The new metals trading environment is a result of the breakout in Shanghai nickel.

Metals trading and the world it operates in is constantly changing. Political and military conflict has shattered what was once a highly globalised supply chain into regionally...

Ukraine
Jul 7, 2026

After Ukrainian drones attacked Russia's largest refinery, motorists queue up for fuel in Omsk

After a drone attack on the largest oil refinery in Russia, motorists in the city of 'Omsk are lining up for fuel. This is one of the...

Kenya
Jul 7, 2026

Dangote will fund the proposed Kenya refinery through cash, bonds, and an IPO

Nigeria's Dangote Group plans to finance a ?proposed 700,000-barrel-per-day oil refinery in Kenya through ?internal cash flow, bonds and an initial public offering, a ?senior company executive...

United Kingdom
Jul 7, 2026

Fed minutes: Gold remains stable as attention turns to Middle East tensions

Gold prices remained steady on Tuesday as investors watched the escalating violence in the Middle East. They also awaited the minutes of the U.S. Federal Reserve meeting...

Africa
Jul 7, 2026

WHO: Ebola outbreak still spreading in Congo

A World Health Organization official stated on Tuesday that the Ebola outbreak in Congo is not stabilised yet and continues to spread as population movements fuel transmission....

Israel
Jul 7, 2026

Three people are killed in Gaza by Israeli strikes, say medics

Health officials in Gaza said that Israeli airstrikes on Tuesday killed at least 3 Palestinians. Medical personnel reported that an Israeli airstrike killed a man in Khan...

China
Jul 7, 2026

Kyrgyzstan will rely on fuel supplies from China and Belarus to compensate for the Russian shortage

Kyrgyzstan said it was awaiting fuel deliveries from China and Belarus to help deal with the 'knock-on effect' of a fuel shortage in its main supplier Russia....

United States
Jul 7, 2026

Saudi Arabia cuts crude oil prices but is this enough? Russell

Saudi Aramco slashed crude oil prices in Asia for August-loading shipments, a move which appeared to indicate an intention?to recover market share and volumes after the Iran...

United States
Jul 7, 2026

Two people are killed in Gaza by Israeli strikes, say medics

Health officials in the Gaza Strip said that Israeli airstrikes killed at least 2 Palestinians on Tuesday. Medical personnel reported that an Israeli airstrike?killed? a man in...

China
Jul 7, 2026

Aluminum prices rise on Middle East tensions

Aluminum prices increased on Tuesday, as markets considered the potential for a tightening of supply amid Middle East tensions. Benchmark 'three-month' aluminium at the London Metal Exchange...

Syria
Jul 7, 2026

TotalEnergies CEO discusses signing of exploration contract in Syria

DAMASCUS/PARIS 7 July - Patrick Pouyanne, the Chief Executive Officer of TotalEnergies, will meet with his syrian counterparts to discuss signing a contract for exploration on Tuesday,...

United States
Jul 7, 2026

MORNING BID AMERICAS-Chip dip

Anna Szymanski is the Editor-in-Charge of Open?Interest. U.S. chips stocks made a strong comeback Monday but this momentum was halted on Tuesday as concerns over the durability...

China
Jul 7, 2026

China's gold reserves have risen the most since 2023, despite a decline in bullion.

Official data released on Tuesday showed that China's central banks reported its biggest monthly increase in gold reserves for more than two and a half years in...

China
Jul 7, 2026

Oil rises despite Samsung's record profits; stocks fall despite tech slide

Investors remain concerned about the sustainability and the AI-driven rally. Oil prices also rose on renewed Middle East tensions. Samsung Electronics expects a 19-fold increase in operating...

Ukraine
Jul 7, 2026

Report: Woman suspected of being involved in the Monaco bombing shot dead near Kyiv

Ukrainska Pravda reported on Tuesday that the body of a Ukrainian woman suspected in carrying out a bombing attack against a wealthy Ukrainian businessman who was living...

China
Jul 7, 2026

Aluminium prices rise on concerns about supply, but buyers remain cautious

Aluminium prices rose a little bit on Tuesday, after initially struggling to find a direction. Buyers, still shaken by the price drop in June, were cautious, despite...

United States
Jul 7, 2026

Market monitors US-Iran Talks

The price of oil rose on Tuesday as traders' anxiety over a lack of progress in peace talks between?the United States?and Iran?overrode any price impact of the...

United Kingdom
Jul 7, 2026

The UK has sanctioned Russia for allegedly developing chemical weapons that killed Navalny

The UK imposed sanctions Monday on two Russian research institutes and their senior staff, alleging that they were involved in Moscow's chemical weapon?program and had developed toxins...

China
Jul 7, 2026

China's CATL obtains safety permit for restarting production at flagship lithium Mine

CATL, a Chinese company, has received a safety production permit for the flagship Jianxiawo Mine. This is a major regulatory hurdle that will allow production to resume...

Philippines
Jul 7, 2026

Indonesia, India sign BrahMos missile deal

The Indonesian Presidential 'palace' announced on Tuesday that India and Indonesia had?signed an agreement on the BrahMos Cruise Missile System. During his two-day trip to Indonesia, Indian...

Japan
Jul 7, 2026

Saudi Arabia cuts crude oil prices but is this enough? Russell

Saudi Aramco has cut its crude oil price for Asia, for August-loading shipments. This move appeared to signal an intention to regain market shares and recover volumes...

United Arab Emirates
Jul 7, 2026

ADNOC Distribution will buy Shell's downstream South Africa Business

ADNOC Distribution is a subsidiary owned by Abu Dhabi’s state oil giant. It announced on Tuesday that it had signed a definitive agreement to purchase 100% of...

South Korea
Jul 7, 2026

Saudi oil price reduction unlikely to convince Asia buyers who are already satisfied, traders say

Saudi Arabian crude sold to Asia has seen its price drop the most in'more than 20 years, but the grade is still more expensive to lift compared...

Turkey
Jul 7, 2026

New York Times Business News - July 7,

These are the most popular?stories from the New York Times business pages. The New York Times has not?verified?these?stories and cannot?guarantee?their accuracy. U.S. president Donald Trump will likely...

China
Jul 7, 2026

MORNING BID EUROPE-Samsung boom, market gloom

Satoshi sugiyama gives us a look at what lies ahead for the European and global markets. Samsung Electronics, based in South Korea, shook the world with its...

China
Jul 7, 2026

Aluminium prices fluctuate as the market evaluates macros and supply

The price of aluminium fell on Tuesday, as the market continued to assess the supply situation and the broader macroeconomic outlook. Benchmark three-month aluminum on the London...

Taiwan
Jul 6, 2026

Stocks fall despite Samsung's upbeat forecast. The yen is weakening

Asian stocks fell on Tuesday, despite the fact that South Korea's Samsung Electronics had forecast a 19-fold increase in its second-quarter profits. Meanwhile, the Japanese yen was...

Jul 6, 2026

George E. Johnson died at age 99, the founder of a pioneering Black hair product company.

George E. Johnson died on Monday, aged 99. His eponymous Chicago-based company, which marketed brands such as Afro Sheen and Ultra Wave, radically changed the way Black...

China
Jul 6, 2026

At least eight people are killed by storms in central China, as Typhoon Bavi threatens to strike offshore

State media reported that eight people died after a 'thunderstorm' hit central China’s Hubei Province. Forecasters warned of torrential rain in various parts of the country, which...

United States
Jul 6, 2026

Oil prices rise as the focus shifts from supply to demand

The oil prices rose on Tuesday but the gains were modest as traders focused their attention on supply and demand. Brent crude futures rose 28 cents or...

South Korea
Jul 6, 2026

Australia's Lynas and South Korea's JS Link Sign Deal for Malaysia Magnet Factory

Lynas?Earths 'announced on Tuesday that it had signed a deal with South Korea JS Link for the development of a magnet plant in Malaysia. JS Link, a...

United States
Jul 6, 2026

Trump announces Walmart will lower the price of ground beef and other items

After a request by his administration, President Donald 'Trump' said that Walmart will lower the prices of many products including ground beef. Customers will save money on...

Australia
Jul 6, 2026

Oil prices hold at pre-war levels, but stocks surge on news of chip production

Wall Street surged Monday, and oil prices settled at pre-Iran War?levels as investors awaited new developments in the AI and chipmaker sectors ahead of corporate earnings. The...

United States
Jul 6, 2026

Tennessee Guard soldiers in a task force under Trump's leadership kill an armed man.

Authorities said that two Tennessee National Guardsmen assigned to a Donald Trump-backed anticrime task force shot and killed an armed man being chased by the 'Memphis Police....

Singapore
Jul 6, 2026

Oil prices fall, but stocks rise as Iran and chips drive markets

Wall Street gained in the midday trade on Monday, largely due to continued optimism about chip stocks. Oil fell as a result of an expected surge in...

Israel
Jul 6, 2026

Macron is the first EU leader to visit Syria since Assad was overthrown.

The Syrian state news agency said that French President Emmanuel Macron landed in Syria Monday. This was the 'first visit by a European Union Head of State...

China
Jul 6, 2026

Aluminum up as the focus returns to shortages and sliding stocks

Prices of aluminium rose on Monday, as attention shifted back to forecasts about shortages caused by disruptions in Middle East supplies and shrinking stocks. Benchmark Aluminium on...

United Kingdom
Jul 6, 2026

Saudi Arabia cuts prices and OPEC+ increases target, but oil prices are little affected

Prices were little changed Monday as they traded?around pre -Iran War levels. Saudi Arabia slashed their?official'selling prices. OPEC+ approved a new production target starting in August. And...

Israel
Jul 6, 2026

Trump claims that either there will be a deal made with Iran, or the US will "finish the job"

Donald Trump, President of the United States, said that the United States will either "finish the job" or reach an agreement with Iran. He renewed his threat...

France
Jul 6, 2026

Wildfires in Southern France Force 10,000 People to Leave Their Homes

Officials said that strong winds will exacerbate the fires. The European Union announced on Monday that it would be sending four waterbombing planes from Sweden and Cyprus...