Oil prices fell Thursday after VP JD Vance stated over 12 million barrels of oil crossed the Strait of Hormuz overnight, a high since the conflict began. Brent crude futures dropped 1.8% to $78.11, and WTI futures fell 2% to $75.27. The US and Iran signed a deal to end the war, allowing ships transit without tolls for 60 days and lifting the US naval blockade.
Apple is reportedly planning price increases on popular devices like iPhones, Macs, and iPads due to a global shortage of memory and storage chips. CEO Tim Cook cited unsustainable cost increases, with estimates suggesting iPhone Pro models could rise by $270.
Oil prices fell Thursday following Vice President JD Vance's statement that over 12 million barrels of oil transited the Strait of Hormuz overnight. This increase in traffic, coupled with a new US-Iran deal easing blockades and tolls, suggests a potential oversupply.
The Bank of England governor warns of increased consumer costs due to the Middle East conflict, despite falling oil prices post-US-Iran peace deal. Interest rates remain at 3.75% as the MPC balances inflation risks with economic slowdown fears.
A viral social media post revives an alleged Bitcoin price prediction from 2018, claiming to have accurately called several BTC price levels and forecasting $145,000 by October 2026. However, the prediction lacks verifiable proof, with no original source link, and inconsistencies in market cap claims and supply control suggest it may be an edited meme.
Amazon's annual summer sale begins June 23, offering early deals on tested products. The Filter has curated 31 top discounts, including tech, home goods, sleep, travel, beauty, and kitchen items from brands like Field Company, Anyday, and Caraway. Many deals do not require a Prime subscription.
President Trump signed a deal with Iran, witnessed by French President Macron. Trump touted record high stock market and tumbling oil prices as evidence of his strength, while Iranian President Pezeshkian also signed, stating it's time to test implementation.
US average gas prices fell below $4 per gallon for the first time since March, following an agreement with Iran on its nuclear program and sanctions relief. Crude oil prices have also dropped significantly this month.
Oil prices dropped Thursday after President Trump signed a deal with Iran to end the Middle East war. The IEA flagged a potential supply glut next year, while Trump warned of renewed attacks if Iran violates the agreement.
Apple CEO Tim Cook stated that price increases for Apple products are unavoidable due to soaring demand for AI memory chips. He cited supply chain issues and rising component costs, comparing the situation to a "hundred-year flood."
SpaceX debuted as the fifth-largest company with a $2.6 trillion valuation. Reaching third place, behind Apple and Alphabet, would require a 70% rally. Options markets suggest a 50/50 chance of reaching $340 by July 2028.
The Bank holds interest rates steady at 3.5% due to volatile oil prices and their impact on inflation, despite lowered year-end inflation expectations to 3.25%, still above the 2% target.
President Trump defended a new interim U.S.-Iran peace deal, which includes a ceasefire and reopening the Strait of Hormuz, against critics. He cited record-high stock markets and falling oil prices as evidence of his tough stance, while Iranian leaders framed it as a victory. The deal involves a $300 billion reconstruction plan for Iran and removal of U.S. sanctions.
President Trump defended a new interim U.S.-Iran peace deal, calling critics "jealous, bad people or stupid." The 14-point MOU extends a ceasefire, reopens the Strait of Hormuz, and includes a $300 billion reconstruction plan for Iran with sanctions removal. Analysts suggest the terms favor Iran, while Trump warns of renewed attacks if commitments are broken.
India is negotiating with the World Bank and ADB for approximately $2.5 billion in loans to fund urban infrastructure and job creation. This comes amid a wider budget gap due to increased subsidies for oil prices affected by Middle East conflict.
Europe's public EV charging network reached 1.3 million points by April 2026, a 6% increase. However, charging costs range from €4 in Turkey to €34 in Ireland. Norway leads in fast charger density per capita, while the Netherlands has the most overall charging points.
Greece unveils PosoKanei, a new digital platform comparing prices of 10,000 supermarket products daily. It aims to arm consumers against inflation and rising living costs by showing real-time prices in Greece and Europe, and offering price history to identify misleading discounts.
The Strait of Hormuz reopens after over 100 days of disruption, releasing 62 million barrels of crude. A US-Iran peace deal allows traffic resumption, but the influx may lead to an oversupplied market, concerning Asian refiners.
I future sul gas per luglio scendono sotto i 41 euro/MWh, toccando i 40,39 euro, a causa dell'annuncio di un accordo tra USA e Iran da parte di Donald Trump.
STC extends its AI joint venture MoU with Humain AI for six months. Oil prices fall sharply due to a sudden US-Iran geopolitical breakthrough, potentially reopening the Strait of Hormuz. Meanwhile, new Fed Chair Kevin Warsh signals a shift in monetary policy communication, prioritizing inflation control but leaving markets uncertain about future interest rate paths.
Apple CEO Tim Cook announced price increases on some products are unavoidable due to soaring memory-chip costs driven by the AI boom. Demand for chips has surged, with prices rising significantly, forcing Apple to consider passing costs to consumers.
Dubai's property market has seen a dramatic slowdown, with sales falling significantly in May compared to April and last year. Market watchers attribute the decline to the ongoing conflict in the Middle East, impacting high-earner and luxury real estate sectors.
Asian stocks were mixed, with Japan's Nikkei hitting a record high, while oil prices fell as investors assessed a new interim peace deal between the US and Iran. The deal extends a ceasefire by 60 days, but US President Trump issued a warning to Iran. Concerns about inflation and potential Fed rate hikes impacted Wall Street overnight.
Oil prices, including Brent crude, fell as the US and Iran signed an interim peace agreement, easing concerns over global energy supply chains. Asian stock markets opened higher, with Japan's Nikkei 225 hitting an all-time high, while US stock futures also climbed.
