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Latest Oil Market News and Analysis for July 20

Brent crude jumped after the US and Iran escalated hostilities, including the targeting of vessels attempting to transit the Strait of Hormuz and an attack on a key oil facility in Kuwait over the weekend.

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Oil Rises as US-Iran Attacks Escalate, Bonds Fall: Markets Wrap

Oil climbed to the highest level in more than a month and bonds fell as US and Iranian attacks escalated, renewing inflation concerns. Stocks edged up after a technology-led selloff rattled markets last week.

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Safest Carry in Emerging Markets Is in Latin American Currencies

Emerging-market currency volatility has dropped to the lowest since the start of year and that’s re-energizing carry trades, particularly those involving Latin America that are seen to offer the juiciest returns.

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China Solar Stocks Rise After Beijing Issues Consumption Tax

Shares of most Chinese solar and major battery makers rose on Monday after Beijing unveiled a consumption tax on solar cells and lithium batteries, raising hopes it will hasten industry consolidation, particularly in the oversupplied solar sector.

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GLP-1 Opportunity to Lift Domestic Business at Indian Pharma Firms

A new and growing market for weight-loss drugs in India is expected to be a bright spot for pharmaceutical firms like Cipla Ltd. and Dr Reddy’s Laboratories Ltd., while they face headwinds in the US market.

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Key China Copper Gauge Rallies to $100 After Tax Crackdown

A closely-watched gauge of China’s copper market has risen to the highest in more than a year, as a tax shake-up in the metal’s biggest market spurs a shortage of scrap and boosts demand for imports.

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'Hurts me in the soul': Argentina coach breaks down after final loss - WATCH

Argentina's coach Lionel Scaloni expressed deep sadness after their World Cup final loss to Spain. He cited unexpected injuries and immense player weariness as contributing factors to the defeat. Scaloni is now contemplating his future with the national team after his contract expires. He plans t

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CJP's 'Chalo Sansad' march: Police use lathis to stop protesters heading towards Parliament

Protesters clashed with police and RAF personnel near Jantar Mantar on Monday. They attempted to march towards Parliament despite prohibitory orders being in force. Security was tightened across the New Delhi district for the Monsoon Session. Chandra Shekhar Azad and Prakash Raj extended support

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Brent oil tops $90 as US, Iran expand strikes in the Middle East

Brent oil prices rose two per cent to more than $90 per barrel on Monday, as escalating US-Iran hostilities in the Middle East restricted oil shipments through the Strait of Hormuz.

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Google DeepMind CEO has a message for those fearing AI job cuts

Google DeepMind CEO Demis Hassabis predicts artificial general intelligence could arrive around 2030. He emphasizes the need for society to prepare for this transformative technology. Hassabis also highlighted the growing value of human creativity and unique thinking skills. He proposed a US-led

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Police baton-charge supporters of India's cockroach movement as thousands gather for march on parliament

Police baton-charged supporters of India’s youth-led “cockroach” movement on Monday as they sought to march on parliament in the capital New Delhi, despite authorities denying permission for the protest.

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Economy amidst conflicts

Confronted by escalating tensions in the Middle East and repeated disruptions to shipping through the Strait of Hormuz, Pakistan has begun taking concrete steps to establish its first-ever Strategic Petroleum Reserves (SPR).

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Moving beyond cane prices

Every year, as the sugarcane crushing season approaches, Pakistan finds itself trapped in the same debate. Farmers demand higher cane prices to offset rising production costs. Sugar mills argue that increased procurement prices make sugar commercially unviable. Governments intervene to broker settlements, while consumers brace for higher retail...

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Dowry dairies: Inside the room where brides prove cost of their abuse

Delhi's Special Police Unit for Women and Children handles numerous dowry-related cases daily. The unit documents evidence like medical records and chat screenshots for legal proceedings. Women recount demands for cash and valuables from their in-laws after marriage. Police officers mediate dispu

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'Hope for productive monsoon session': PM Modi ahead of Parliament proceedings

Taunting Rahul Gandhi in a veiled attack, PM Modi praised the succcessful mission of Vikram-1 orbital launch vehicle highlighting how the average age of the young Skyroot team is merely 28 years, unlike a "56-year-old youth."​​ "India's youth have embarked on a new journey into space. I was told

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