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CENTCOM: Tower strike degrades IRGC attack coordination, protects navigation
US Central Command says destroying a tower reduces Iran's IRGC ability to coordinate attacks on civilians and protects freedom of navigation, except for ships violating the US naval blockade against Iran.
US Forces Destroy IRGC Surveillance Tower at Iran Port
US Central Command announced that on July 16, US forces destroyed the Chah Bahar Shahid Kalantari Port surveillance tower, part of an IRGC maritime network along Iran's Gulf of Oman coast used to track commercial vessels in the Strait of Hormuz.
Oil prices rise over 1.5% after consolidation
Brent crude oil prices advanced over 1.5% during European trading on Friday, regaining upward momentum after a period of quiet consolidation.
Trump Staffer Accused of Insider Betting on Kalshi
ABC News reports that Donald Trump's teleprompter operator may have used nonpublic information about presidential speeches to place bets on Kalshi, profiting over $100,000. The platform alerted the CFTC, and the White House placed the employee on unpaid leave.
US stocks open sharply lower, Dow drops 1% to 51,999.56
US stocks opened sharply lower, with the Dow Jones Industrial Average falling 553.41 points (1.05%) to 51,999.56. The Nasdaq dropped 466.90 points (1.80%) to 25,415.05, and the S&P 500 declined 90.59 points (1.20%) to 7,443.18.
Oil's Bull Flag Hides Record Fuel Squeeze as WTI Nears $80
WTI crude oil is trading near $80 after renewed US-Iran attacks and a slowdown in Strait of Hormuz traffic. The chart shows a bull flag, but analysts warn of a hidden record fuel squeeze.
UK Labour's Andy Burnham unveils pro-business inflation plan
Andy Burnham, the Labour leader and Mayor of Greater Manchester, has outlined a pro-business Labour platform, citing his regional experience as a model for future government policy on inflation and economic growth.
Commerzbank: European Gas Prices to Stay High Despite Hormuz Reopening
Commerzbank analyst Norman Liebke expects European gas prices to remain elevated in the near term, even if the Strait of Hormuz reopens, citing tightening supply.
U.S. Consumer Sentiment Expected to Improve in July but Stay at Historically Low Levels
The University of Michigan's preliminary estimate for July's Consumer Sentiment Index is expected to show further improvement, though the reading will remain at historically low levels.
ECB Likely to Hold Rates in September, Societe Generale Says
Societe Generale's Anatoli Anenkov expects no policy change at next week's ECB meeting, citing persistent data dependence and recent Euro Area data that have not shifted the outlook.
Iran's IRGC Warns of 'More Crushing' Retaliation Against US and Allies
Iran's Islamic Revolutionary Guard Corps (IRGC) has issued a warning of heightened aggression against the United States and countries hosting US military bases, threatening a 'more crushing' response during the European trading session.
Silver Falls to $55.44, Down 0.17%
Silver prices edged lower on Friday, trading at $55.44 per troy ounce, down 0.17% from the previous level of $55.53, according to FXStreet data.
Czech Producer Prices Remain Benign in June
Czech industrial producer prices stayed subdued in June despite higher input costs earlier in the supply chain. Agricultural producer prices posted an even sharper annual decline.
Silver on Track for Weekly Decline as Middle East Tensions Fuel Rate-Hike Worries
Silver (XAG/USD) trades near $55.50 on Friday, flat on the day, but is set to post a weekly loss as heightened Middle East tensions raise expectations of interest rate hikes.
WTI Crude Consolidates Near $79 Ahead of Breakout
West Texas Intermediate crude oil continues to trade in a tight range around $79.00 for the fourth consecutive session, with analysts eyeing bullish momentum for the next leg higher.
US Tariffs on Brazilian Exports to Shape Election Dynamics – Standard Chartered
Standard Chartered analyst Dan Pan assesses the impact of new US Section 301 tariffs on Brazilian exports, with a 25% levy effective July 22 that could influence upcoming elections.
Leaked Suno Code Shows Millions of Tracks Downloaded for AI Training
A leaked Suno source code reveals logs of over 2 million clips from YouTube Music being used to train its AI, potentially strengthening copyright claims by music labels.
US Stock Index Futures Slip Ahead of Michigan Consumer Sentiment Data
Dow Jones, S&P 500, and Nasdaq 100 futures fell in European trading on Friday as traders awaited the preliminary Michigan Consumer Sentiment Index.
Silver Tests Major Long-Term Support After Collapse
Silver prices have collapsed from resistance at 5770/5800, reaching targets down to 5590/5560, and are now poised to test a key longer-term support level.
GPIF Accumulates Domestic Alternative Assets, Says Takaichi
Japanese official Takaichi stated that the Government Pension Investment Fund (GPIF) is already building up domestic investments through alternative assets under existing guidelines, supporting Japan's economic growth.
LNG Market Shifts Focus from Supply to Flexibility
As storage season advances, attention in the liquefied natural gas market is moving away from supply availability concerns toward operational flexibility.
Baltic Growth Recovery Uneven, Lithuania Outperforms
Economic growth in the Baltic countries is recovering, though performance across the region remains uneven. Lithuania continues to outpace its neighbors, according to recent updates.
WTI Oil Rises to Near $79 on US-Iran Tension Escalation
WTI crude oil edged higher to around $79.00 during early European trading, heading for its biggest weekly gain since April as escalating US-Iran tensions threaten oil supplies.
IRGC Threatens to Halt Hormuz Oil Exports Amid US Strikes
Iran's Revolutionary Guard Corps warned that no oil or gas will pass through the Strait of Hormuz if US attacks continue, raising geopolitical risk for global crude supplies.