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Oil Prices Ease but Head for 10% Weekly Gain as Trump Weighs 'Bigger Than Ever' Iran Attack

Oil prices dropped by more than 3% early Friday but remained on track for a weekly jump of roughly 10% as the US-Iran war continued to escalate. Global benchmark Brent crude futures fell 3.6% to 97.10 dollars a barrel, still heading toward a weekly …

Nitish Kishor | 24 July 2026

US Business Activity Hits Eight-Month High in July as Price Pressures Near Four-Year Peak

US business activity growth accelerated to an eight-month high at the start of the third quarter, according to provisional PMI survey data, with the flash Composite Output Index rising from 51.9 in June to 53.6 in July, marking the fastest expansion since last November. …

Nitish Kishor | 24 July 2026

Oil Prices Retreat but Post Hefty Weekly Gains Amid Red Sea and Hormuz Disruption Fears

Oil futures retreated Friday even as prices remained on course for substantial weekly gains, reflecting persistent concern about disrupted energy flows through the Red Sea and fears of further escalation in the US-Israeli conflict with Iran. Brent crude fell 3.05 dollars, or 3 percent, …

Nitish Kishor | 24 July 2026

Trump Weighs 'Massive' New Iran Strike as Conflict Spreads to Red Sea and Threatens Europe

President Trump indicated he will soon decide whether to launch what he described as a massive attack on Iran, telling Axios the proposed strikes would exceed anything seen in the conflict to date and that Iran has not yet received enough pain. He said …

Nitish Kishor | 24 July 2026

Bank of Russia Cuts Rate to 14% as Economy Contracts Despite Sticky Fuel-Driven Inflation Risk

The Bank of Russia lowered its policy rate by 25 basis points to 14.0 percent in its July 2026 decision, extending a cutting cycle that has been underway since the rate stood at a record high of 21 percent as recently as June of …

Nitish Kishor | 24 July 2026

Japan's Core Inflation Rises to 1.6% as Oil Price Spillover and Weak Yen Fuel BOJ Rate Hike Bets

Japan's core inflation, which strips out fresh food prices, rose to 1.6% in June, marking the first increase since March as the impact of higher oil prices spread further into the broader economy. The reading matched the 1.6% growth economists polled by Reuters had …

Nitish Kishor | 24 July 2026

Applied Aerospace & Defense (NYSE:AADX) Stock Soars 10.5%: It Captures Investor Attention

Applied Aerospace & Defense (NYSE:AADX) designs and manufactures integrated aerospace and defense subsystems across three areas: space and launch systems (such as propellant tanks, solar arrays and satellite assemblies), defense aviation (wings, landing gear and fuel tanks), and C5ISR and precision-strike systems (radar antennas, …

Nitish Kishor | 24 July 2026

Pakistan Seeks US Financial Support Amid Iran Conflict, Faces Skepticism

Pakistan's attempt to garner financial assistance from the United States, especially after its recent role in the Iran conflict, has raised skepticism among economists regarding its potential success. The call for aid comes amid a challenging economic backdrop for Pakistan, which has been grappling …

Vinay Lochav | 24 July 2026

Stock Market Retreats as Oil Surges Past $100, AI Spending Rises

Oil prices soared past the key $100 mark before retracting, significantly impacting the U.S. stock market. This surge can be attributed to expanding military attacks in the Middle East, specifically the heightened risk following assaults on tankers by Iran-backed Houthis in the Red Sea. …

Vinay Lochav | 24 July 2026

U.S. Senator Meets Chinese Foreign Minister to Talk Iran War Impact

U.S. Senator Marco Rubio has met with China’s Foreign Minister Wang Yi to discuss the implications of the ongoing conflict in Iran. This meeting is pivotal for reassuring Asian allies, emphasizing U.S. support as tensions escalate and potentially impacting regional markets and geopolitical stability.Key …

Vinay Lochav | 24 July 2026
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