Energy Markets
Oil prices surge as US-Iran strikes intensify, raising fears over Hormuz shipping
Global energy markets are experiencing increased volatility as military escalations between the U.S. and Iran threaten maritime trade in the Strait of Hormuz.
UK food prices set for 50% rise as climate and energy shocks hit costs
New research from the ECIU warns that climate-driven environmental pressures and volatile energy markets are driving a rapid increase in food inflation.
US demands public Iranian pledge to secure Strait of Hormuz transit
The U.S. is pressuring Iran to guarantee toll-free transit through the Strait of Hormuz following the collapse of a ceasefire. Tensions remain high as global oil prices surge amid ongoing military and diplomatic friction.
AI stocks resume their drops and drag markets lower worldwide
Global markets experienced a downturn on July 7, 2026, as sharp declines in AI-linked stocks and geopolitical tensions in the Middle East pressured indices. Major U.S. and international exchanges retreated amid investor concerns over tech valuations and rising 10-year Treasury yields.
Crude oil hits four-month low as US-Iran diplomatic tensions ease
Global oil prices have retreated to four-month lows following reports of progress in indirect negotiations between the United States and Iran. The decline reflects a reduced risk premium as tensions regarding the Strait of Hormuz show tentative signs of cooling.