Southeast Asian foreign ministers expressed "serious concern" over renewed US-Iran hostilities, urging de-escalation to protect global energy and trade. The bloc also addressed South China Sea tensions, with US Secretary of State Marco Rubio criticizing China, coinciding with a deepening China-Philippines standoff near Second Thomas Shoal.
Analysts warn of renewed inflation fears driven by escalating US-Iran tensions in the Middle East, which keep oil prices high. BlackRock estimates a 0.8 percentage point increase to global inflation, particularly affecting energy-reliant regions like Europe and Asia. This environment reinforces the Federal Reserve's hawkish stance, prompting calls for diversified portfolios.
Vessel crossings in the Strait of Hormuz significantly decreased after US-Iran attacks. Yemen's Houthis declared a naval blockade on Saudi Arabia, threatening global energy supplies, and a tanker reported being struck by a projectile in the strait.
Hundreds of U.S. diplomats evacuated from the Middle East due to escalating tensions with Iran remain in limbo, unsure when they can return to their posts. This situation exacerbates existing State Department staffing shortages under the Trump administration, drawing criticism from lawmakers.
Oil prices surged after President Trump vowed retaliation for US soldier deaths, and Houthi militants declared a maritime embargo on Saudi Arabia, escalating US-Iran tensions and raising concerns about global supply disruptions.
During a White House press conference, President Trump addressed Iranian Supreme Leader Khamenei, claiming US strikes obliterated Iranian nuclear sites and threatening further bombing if Iran enriches uranium. Iran's Foreign Minister Abbas Araghchi demanded a respectful tone for any deal, while debate continues over the effectiveness of US strikes and Iran's retaliatory actions.
Oil prices showed mixed movements Monday, paring gains after Iran indicated potential negotiations with the U.S. amid ongoing American strikes and casualties. Renewed hostilities raise concerns over the Strait of Hormuz's oil transit security.
US diesel prices have again risen above $5 a gallon, with gas nearing $4, returning to pre-June highs. This surge is attributed to renewed US-Iran diplomatic uncertainty, new airstrikes, and unpredictable White House rhetoric, leading to universal cost increases.
Former President Donald Trump attended the World Cup final at MetLife Stadium, watching Argentina and Spain, and discussed future hosting with FIFA President Gianni Infantino. His attendance coincided with escalating US-Iran tensions and his social media posts on domestic political issues.
Bitcoin dipped below $62,500 at Wall Street's open, extending losses as fresh US-Iran military strikes and earnings disappointments pushed stocks and crypto lower. Traders noted choppy, rangebound price action, with some analysts identifying a bear-market trend line forming.
Israel is preparing to receive dozens of additional U.S. aerial refuelling aircraft as Washington reinforces its military presence in the region. This move comes amid escalating hostilities with Iran following the collapse of an interim ceasefire, though Israel has not participated in the latest U.S. strikes.
US inflation slowed to 3.5% in June from 4.2% in May, driven by a sharp drop in energy prices, but rising Iran tensions threaten a temporary reprieve, potentially pushing gas prices back to $4.00.
Observable ship traffic in the Strait of Hormuz has ceased as vessels opt for "dark crossings" with transponders off, following renewed US-Iran fighting. Iran demands transit permissions, while the US asserts pathways remain open.
Chip stocks, led by South Korea's SK Hynix, experienced steep losses triggering circuit breakers. Oil prices rose amid US-Iran exchanges of strikes over the weekend. Reporting season begins with major companies like JPMorgan and Netflix.
Oil prices rose sharply Sunday evening as the US and Iran engaged in retaliatory strikes, contesting control of the vital Strait of Hormuz. US crude futures climbed 4.1% to $74.33, while Brent gained 3.88% to $78.96 amid escalating military actions.
Oil prices surged as the US and Iran engaged in strikes around the Strait of Hormuz. US crude futures rose 3.4% to $73.87 and Brent futures gained 3.5% to $78.67 amid escalating conflict over the vital energy trade route.
Reports detail escalating tensions in Ukraine with Russia targeting port facilities and military-industrial complex enterprises in Kyiv, while Iran faces US strikes in response to attacks on commercial ships. Discussions around Patriot missile systems and potential peace talks are ongoing.
Fighting between the U.S. and Iran appears to have paused after intense strikes. A Supreme Court ruling puts TPS for over 300,000 immigrants at risk. Nominations open for UK Labour leader, with Andy Burnham expected to take the role.
Maritime traffic through the Strait of Hormuz has dropped by more than half following recent tit-for-tat strikes between the US and Iran. Data shows a significant decrease in cargo ships and tankers, raising concerns about global economy and oil supply.
Fighting between the U.S. and Iran appears to have paused after intense strikes. A Supreme Court ruling puts over 300,000 immigrants with TPS at risk of losing work permits. Nominations opened for the UK Labour Party election to succeed Keir Starmer.
Ayatollah Ali Khamenei, Iran's supreme leader, was buried in Mashhad after six days of funeral ceremonies. His burial coincided with escalating tit-for-tat attacks between the US and Iran, raising fears of all-out war. The successor, Mojtaba Khamenei, remained absent from public view.
Indian ship Lila Vadinar, carrying Kuwaiti crude, transited the Strait of Hormuz after being asked to turn back by Iran. Another Indian vessel also passed through. Seven India-bound ships, including fertilizer carriers, await evacuation amid escalating conflict restricting vessel movement.
The US Strategic Petroleum Reserve (SPR) has reached its lowest point since 1983, with 319.5 million barrels, due to ongoing releases and renewed US-Iran tensions impacting global oil supply concerns and prices. Despite US oil production increases, global commodity trading means geopolitical events like those in the Strait of Hormuz can still affect US prices.
Stocks rebounded Thursday, with the S&P 500 gaining nearly 1% and the Nasdaq jumping over 1%, as investors dismissed concerns about U.S.-Iran conflict escalation. Meta Platforms plans to aggressively ramp up AI compute capacity, releasing its strongest model yet, Muse Park 1.1, with an API for developers. FedEx launched a dedicated healthcare unit, while Starbucks aims to use AI for in-house software tools.
