Brent crude nears $85 a barrel amid renewed hostilities between Washington and Tehran.
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Brent crude climbs more than 4 percent as Washington and Tehran clash over control of critical waterway.
South Korean chip giant makes largest-ever debut by a foreign firm in the US, eclipsing Alibaba’s 2014 IPO.
Brent crude holds steady despite a plunge in traffic in the critical waterway.
Global economy to grow 3 percent in 2026, as AI demand partly offsets energy shock from Iran war, IMF says.
Industry known for its resilience is likely to emerge from war relatively unchanged, analysts say.
![The Strait of Hormuz remains a critical chokepoint for global energy supplies, with disruptions likely to influence fuel costs, trade and economic planning across Africa [Amirhosein Khorgooi/ISNA via AP]](/wp-content/uploads/2026/07/AP26124419258830-1783382378.jpg?resize=270%2C180&quality=80)
Seven OPEC+ members, including Saudi Arabia and Russia, to increase output by 188,000 barrels per day.
Greek former parliamentarian Stelios Kouloglou targeted with Pegasus software, Citizen Lab analysis finds.
Military command issues threat a day after Qatari mediators hailed ‘positive progress’ in indirect US-Iranian talks.
Brent falls below $71 a barrel amid reports of progress in talks to end the war permanently.
