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Saudi East-West pipeline becomes critical Asia supply route
The pipeline from eastern fields to Yanbu now moves over 5 million barrels per day, with China, South Korea, Japan, and India as top buyers.
Yemen FM-Designate: Frontline Firefights but No Offensive; Houthis Seek Iran Flights
Yemen’s foreign minister-designate says government and Houthi forces are exchanging fire along the front line, but no wider offensive has been launched. Houthis are demanding direct flights from Iran for support and supplies, while security measures are being readied to safeguard oil exports.
Iran Warns US Threats to Tankers Could Escalate into War
Iran’s military says the US has threatened Iranian commercial ships and oil tankers near its waters, warning that a blockade would be an act of war and vowing a response.
Gold Nears $4,070 as Falling US Yields and Eased Iran Tensions Lift Bullion
Gold rose 0.58%, approaching $4,070 per ounce, supported by lower US Treasury yields and a halt in US strikes on Tehran, with President Trump signaling a diplomatic opening.
Commerzbank Warns High Energy Prices to Drag on German Economy in H2 2026
Commerzbank’s Jörg Krämer expects elevated energy costs to limit Germany’s growth in the second half of 2026, capping full-year expansion.
Oil Prices Plunge Over 10% on US-Iran Ceasefire Hopes
Crude oil benchmarks tumbled more than 10% on Monday, with Brent dropping 5.5% at the open, as the US and Iran halted hostilities and renewed diplomatic prospects.
China Dominates Global Manufacturing with 28% Share, Tripling Since 2004
China now accounts for 28% of world manufacturing output, more than tripling its share since 2004 and far outpacing the US and Eurozone.
Trump: No Talks with Saudi Arabia on Accords, US Ammunition Stocks Strong
President Trump said he has not engaged in discussions with Saudi Arabia regarding any accords and highlighted robust US ammunition inventories, while expressing a desire for additional stockpiles, particularly Patriot missiles.
U.S. Navy Enforces Blockade Against Iran, Redirects 17 Ships in Arabian Sea
CENTCOM reports the U.S. Navy redirected 17 commercial vessels and boarded or disabled several others as part of its blockade against Iran in the Arabian Sea.
Trump Says 'Not Much Time' for Iran Talks, Warns of 'Strong Military Action'; Oil Nears $84
President Trump warned that he would resort to “very strong military action” if Iran negotiations fail and gave only a short window for diplomacy, as US oil prices climbed toward $84 per barrel.
WTI Crude Plunges Over 7% as US-Iran Tensions Ease
West Texas Intermediate crude fell more than 7% on Monday, trading near $82.60, after reports that the US and Iran have paused military strikes.
Global Equity Allocations Hit Record High, Surpassing Dot-Com Bubble Levels
Equity allocations among U.S. and G10 institutional investors have reached unprecedented levels, exceeding peaks seen before the 2008 crisis and during the Dot-Com Bubble.
Iran Rejects Two 'Extreme' US Demands During Islamabad Talks
Iran's deputy foreign minister said Tehran rejected two 'extreme' demands from the US during negotiations in Islamabad, after Washington warned talks would fail otherwise.
ECB Rate Path: Yields Rise Sharply, But Societe Generale Sees Selloff as Overdone
Societe Generale strategists believe the sharp rise in Western European yields is overdone, with 2-year and 10-year yields up about 30 basis points in a short period.
Fed Rate Pause Likely as Mixed Signals Muddle Outlook
Sticky inflation keeps pressure on the Federal Reserve, but softening consumption, weak investment, and a fading labor market justify holding rates steady, according to DBS Group Research.
Iran War Reprieve Remains Highly Uncertain, Energy Supply Risks Persist
The temporary lull in Iran-related hostilities is fragile, with crude supply and refinery concerns still in focus. Europe could face energy shortfalls this winter if tensions flare again.
Trump Urges Senate to Pass 'Save America Act' or End Filibuster as Debt Ceiling Looms
Former President Trump demanded the U.S. Senate not adjourn until it passes the 'Save America Act' or eliminates the filibuster, warning that failure could trigger a 1929-style debt ceiling catastrophe.
Houthis Claim Drone Strikes on Saudi Oil Supply Routes
Yemen’s Houthi movement says it attacked crude oil transport infrastructure from eastern Saudi Arabia to Yanbu using drones, citing Saudi airspace violations as justification.
UOB: Fed Set for Extended Pause but Hike Risk Is Rising
UOB strategists forecast the Federal Reserve will maintain an extended pause through 2026, but warn that the risk of a rate hike is growing amid sticky inflation.
NinjaTrader makes CME Group Single Stock futures available to eligible users on its platform
NinjaTrader Group has gone live with CME Group Single Stock futures for eligible users, giving traders futures-based access to companies including Nvidia, Tesla, Apple and Amazon.
Pause in Middle East Tensions Sparks Stock and Bond Rally
A temporary lull in US-Iran hostilities has eased supply fears, sending oil prices lower and fueling a simultaneous rally in equities and government bonds.
BoE Still Far from Rate Hike Despite Energy Price Spike
The Bank of England is expected to hold interest rates steady on 30 July, with new forecasts likely showing inflation peaking around 3% later this year. Policymakers would need a more significant surge in oil and natural gas prices to consider tightening.
Brent Crude Dips Below $90 on US-Iran De-escalation Hopes
Brent oil briefly fell under $90 per barrel as signals of a pause in US-Iran tensions prompted a sharp retreat, ING analysts note.
UK PM Andy Burnham condemns Iranian and Houthi attacks on Saudi Arabia
British Prime Minister Andy Burnham condemned recent Iranian and Houthi attacks on Saudi Arabia during a call with Crown Prince Mohammed bin Salman, Downing Street said on Monday.