Global oil prices are heading for their biggest weekly drop after shipping through the Strait of Hormuz resumed. WTI crude fell to $75 per barrel, losing more than 9% over the week.
The US Department of Homeland Security has abandoned the initiative of former head Kristi Noem regarding a network of centers. New Secretary Markwayne Mullin has reviewed the strategy, abandoning seven of the 11 warehouses purchased for $700 million.
SpaceX shares rose 12% in the first week after the IPO, while Tesla lost 2. 9%. SpaceX briefly became the fifth most valuable company in the world.
Trump will propose that US companies produce weapons under license in Ukraine and Europe.
The tanker Mraikh, carrying Qatari gas, is heading to Pakistan following the US-Iran deal. This restores movement through the strategically important Strait of Hormuz.
Brent crude prices fell below $80 due to a peace agreement between the US and Iran. The restoration of traffic through the Strait of Hormuz has stabilized global supplies.
Apple will release the iPhone Air 2 with dual cameras and a better battery in 2027. The company will change its smartphone release schedule to compete with Samsung.
Due to the U. S. 250th anniversary, Reagan National Airport will restrict flights on July 3 and 4. Air shows and military flyovers will affect the schedule until the end of August.
The Finnish Parliament has authorized the import and possession of nuclear weapons for defense purposes. The country is strengthening its deterrence due to threats and integration into NATO.
An advisor to the President of the European Council held two conversations with a Russian official to prepare for future negotiations. The EU is considering the possibility of appointing a special envoy.
The UAE is expanding ports and building pipelines to export oil bypassing the Strait of Hormuz. The plan is aimed at achieving complete energy independence.
The US administration is asking Europe to fill defense gaps due to the withdrawal of American assets from NATO. The reductions will affect aviation, the navy, and drones.
Macron refused to scrap the digital tax despite Trump's threats to impose 100% tariffs on wine. The leaders will discuss the issue during the G7 summit in Evian.
Ukraine is expected to receive $700 million from the IMF without meeting a key condition. The Fund allowed the postponement of the tax on overseas parcels until July.
E3 leaders propose a ceasefire and security guarantees for Ukraine. At the G7 summit, they will ask Trump to support a new negotiations initiative.
Italian Prime Minister Giorgia Meloni called on the EU to appoint a representative for negotiations with the Russian Federation.
The price of gold dropped to $4,036 following US strikes on Iran. Investors are selling off precious metals en masse amid inflation rising to 4.2%.
Amazon raised a record 14 billion Canadian dollars through a bond issue. The deal triggered a sell-off of other assets and an increase in risk spreads.
Gold dropped to $4,170 due to the US-Iran conflict. Prices are also under pressure from expectations of tight Fed policy and rising bond yields.
Bangkok plans to finalize a free trade agreement with the European Union by the end of the year. This will help the country reduce its dependence on US and Chinese markets.
As a result of the 7. 8-magnitude earthquake, 37 people were killed and 487 injured. Approximately 2,000 homes and dozens of government buildings and bridges were damaged.
Volker Türk stated there is a critical shortage of medicine and fuel in Cuba due to US restrictions. This has led to an increase in mortality among children and cancer patients.
In May, diesel imports to the EU and Britain fell by a third compared to last year. The reason was supply disruptions through the Strait of Hormuz.
Sriram Krishnan is leaving his post as White House AI advisor. He will continue to advise the Trump administration as an external expert.
Kosovo is holding its third snap election in 18 months to overcome a political crisis. This is necessary for EU accession and receiving international aid.
Ukraine is asking Germany for dozens of Patriot missiles in exchange for future deliveries. Berlin may announce a decision before the July NATO summit.
Swiss investors are halting the purchase of oil giants' bonds due to environmental regulations. This affects assets worth over $270 billion.
The price of WTI fell to $95 amid U. S. statements regarding a ceasefire between Israel and Lebanon. Brent is trading at $98 per barrel.
Trump confirmed the use of expletives during a conversation with Netanyahu regarding operations in Lebanon. The U.S. President is demanding a cessation of hostilities to ensure the success of peace negotiations with Iran.
Russian oil exports reached their highest level since 2022 due to strikes on refineries. This was facilitated by the lifting of US sanctions and growing demand in India.
