Strait of hormuz
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Commodities & Energy
Indian rupee fell to 94.81 as oil prices hit $100 per barrel
The Indian currency dropped sharply on Tuesday following crude oil benchmarks touching nearly $100 amid Strait of Hormuz militant strikes, while the Reserve Bank of India intervened with state-run banks.
Economy
South Africa's economy shrank 0.2% in Q2 after years of growth
Africa's largest economic sector entered its first recession in two years due to mining, trade, and manufacturing declines driven by global energy disruptions.
Commodities & Energy
Goldman Sachs warns Brent crude could rise to $120 per barrel if Middle East shipping attacks intensify
Tensions over US strikes on Iranian tankers and Iranian threats of heavier retaliation drive oil risk premiums. Japanese yen surged against the dollar, outperforming stocks amidst inflation expectations.
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Business
Oil prices hit $US100.87 per barrel amid US-Iran conflict escalation
Deals
Brent crude crosses $100/barrel as US strikes Iranian oil tankers
Commodities & Energy
Kuwait Petroleum Corp offers ship-to-ship transfers outside Strait of Hormuz for buyers
Commodities & Energy