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30.06.26 - 20:48
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Oil Falls as Traders Weigh Middle East Return, Supply Glut Risks (Bloomberg)
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Oil declined, with shipping traffic through the Strait of Hormuz picking up on hopes for a permanent US-Iran deal and a Wall Street bank issuing fresh warnings about a potential glut. Michelle Brouhard Head of Policy and Geopolitical Risk at Kpler joins to discuss. (Source: Bloomberg)...
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30.06.26 - 13:48
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China is a clear winner from Trump′s war in Middle East, report concludes (The Guardian)
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Beijing, whose stockpiles and renewables industry allowed it to withstand energy shock, is now gaining from global solar and EV pushChina has emerged as the sole winner in Asia from the strait of Hormuz crisis, according to a report published on Tuesday.The report by the Asia Group thinktank concluded that China had weathered the storm of the global commodities crisis resulting from the closure of the Middle Eastern waterway, and also stood to gain from the economic and geopolitical trends sparked by the wider conflict. Continue reading......
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30.06.26 - 11:54
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Barrel of backups: India′s crude imports bounce back despite Middle East disruptions (Times of India)
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India's crude oil imports are nearing pre-conflict levels, thanks to refiners diversifying away from traditional Gulf suppliers. Purchases from Russia, the US, and other regions have compensated for Middle East disruptions. Russia remains a favored source due to attractive pricing. While the Strait of Hormuz has reopened, Asian refiners are cautious about immediate increases in Gulf purchases, focusing on existing cargo coverage and maintenance schedules....
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30.06.26 - 07:30
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Tay: Mideast War Pushed China to Diversify Energy Usage (Bloomberg)
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China's factory activity improved more than forecast in June amid booming exports. The official manufacturing purchasing managers' index climbed to 50.3 and the measure of activity in construction and services rose slightly to 50.2. Erica Tay, Macro Research Director at Maybank spoke to Bloomberg's Abeer Abu Omar on Horizons Middle East and Africa on the growth in China. (Source: Bloomberg)...
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29.06.26 - 13:24
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Markets Swayed By Middle East Strikes And Talks (AFX)
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CANBERA (dpa-AFX) - Sentiment in global markets remains tethered to the geopolitical situation in the Middle East amidst a fresh round of mutual attacks over the weekend. However, unconfirmed repo......
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