World Business NewsBrent futures fall $4.25 to $78.92 and WTI drops $4.80 to $75.95; A Wall Street Journal report said the US would let Iran immediately sell oil and fuel
Gina Rinehart’s Hancock Prospecting backs Elon Musk’s space company as shares surge 19% in debut and valuation tops $2 trillion
World Business NewsSpaceX becomes the sixth-largest US firm after successful IPO, cementing Musk's status as the world's first trillionaire
World Business NewsNikkei jumps 4.9%, South Korea gains 5.4%, Chinese blue chips add 1.4% and MSCI Asia-Pacific index climbs 2.8%; European and US futures also rise as risk appetite improves
World Business NewsGold climbs 2% to $4,304.11 an ounce and August futures rose to $4,325.20, while silver, platinum and palladium gained more than 3%, with silver crossing $70 an ounce
World Business NewsOil prices tumbled nearly $4 to three-month lows after an Iran–US framework raised hopes of reopening the Strait of Hormuz and returning Gulf supply, though timelines remain uncertain.
Pakistan PM Shehbaz Sharif says deal calls for immediate and permanent end to military operations on all fronts, including Lebanon, terms remain unclear; Trump says deal includes reopening Strait of Hormuz; MoU scheduled to be officially signed in Switzerland
HeadlinesDefence spending up 18%, development spending cut to Rs 1 trillion; Tax revenue target raised to Rs 15.26 trillion, mainly from petroleum levies
Dow gains 0.7%, S&P 500 adds 0.5% and Nasdaq rises 0.3% as hopes for a US-Iran peace deal lift sentiment; SpaceX closes at $160.95, valuing company at $2.1 trillion
World Business NewsAnalysts say upside risks still remain, seasonal demand could lift prices; OPEC lowers 2026 oil demand growth forecast to 970,000 barrels per day, raises 2027 forecast
World Business NewsShares jump 19% to close at $160.95, lifting company’s value to $2.1 trillion; Elon Musk becomes world’s first trillionaire as SpaceX nears Amazon’s $2.6 trillion market value
HeadlinesWorld Bank warns growth could drop to 1.3% if war fallout spreads, projects global inflation at 4% as oil and fertiliser prices stay elevated