Oil prices have increased following reports of suspended U.S.-Iran communications and ongoing threats to the Strait of Hormuz. Analysts warn that declining global stockpiles could lead to further price volatility.

OpenAI CEO Sam Altman has discussed a proposal to allocate a 5% equity position in the company to the U.S. government to help share the upside of AI.

US markets face a cautious start to the third quarter as tech-sector weakness and lower-than-expected private payroll data spark investor concern. Traders are now monitoring upcoming labor reports to gauge the Federal Reserve's future interest rate decisions.

The Indian government has directed Meta to pause its WhatsApp username rollout, warning the feature could facilitate impersonation scams and complicate cybercrime investigations.

Investors tracked a wave of corporate developments, including major project wins for Coal India and operational updates from Bharti Airtel and Hero MotoCorp.

A surge in claims from the collapse of the First Guardian and Shield super funds has created a $170 million funding gap for the Compensation Scheme of Last Resort. Government officials are considering widening the industry levy base to address the shortfall.

India's state-run oil companies have maintained stable fuel prices despite volatile global crude trends. Meanwhile, Nayara Energy has reduced its prices.

Despite beating financial expectations in North America, Nike faces investor skepticism as the brand struggles with six consecutive quarters of declining sales in China.