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Oil Choke Points Widen as Hormuz Attacks Surge: Brent Hits $100
Oil prices surge past $100 as attacks on tankers in Hormuz, Red Sea, and Black Sea disrupt shipping. Brent crude up 30% in July. Vulnerable economies face $20bn annual import cost rise.
Nigerian Naira Strengthens to N1,362 Per Dollar on July 25, 2026
Nigerian naira appreciates to N1,362 per dollar as foreign reserves hit $52 billion and oil prices surge. Official and black market rates both strengthen on improved FX liquidity.
Kawamura Struggles in Summer League, NBA Contract Uncertain July 26
Japanese point guard Yuki Kawamura finished Summer League averaging 8.2 points and 4.8 assists in five games, but struggled with three-point shooting at 7.7%. His NBA contract prospects with the Pacers remain uncertain.
Northern Virginia Data Center Outage Triggers 10-Minute Grid Blackout Across Half U.S.
A transmission outage in Northern Virginia’s Data Center Alley caused 3 GW of power to disconnect, triggering voltage swings across the PJM grid and power flickers from Chicago to Miami on July 22, 2026.
Australia’s 13 Million Spare Bedrooms Could Ease Housing Crisis if Pension Rules Change
Australia’s census on August 11 will update the count of 13 million spare bedrooms. Experts say changing pension rules could unlock rental supply and ease housing affordability.
House Passes Permanent Daylight Saving Bill; Senate Republicans Split on Support July 25
House passes Sunshine Protection Act 308-117 to make daylight saving permanent. Senate Republicans split on the bill over darker winter mornings and school safety concerns.
Australia’s New CGT Rules Create $500,000 Tax Trap for Retirees July 25
Australia’s new capital gains tax rules remove the 50% discount and replace it with inflation indexation, creating a $500,000 tax trap for unwary retirees and investors. The change breaks tax parity with dividend income.
Japanese Red Army Member Okamoto Dies in Beirut at 78, July 25
Kozo Okamoto, last surviving member of the 1972 Lod Airport attack that killed 26 people, dies in Beirut at 78. The Japanese Red Army militant had lived in Lebanon since 1985.
Wall Street Ends Volatile Week Mixed as Oil Retreats, Tariffs Loom July 25
S&P 500 flat, Nasdaq down 0.6% Friday as Brent crude drops 4% to $96, Trump tariffs hit 10-12.5%, and Fed rate hike odds jump to 30% next week.