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Global Market: US-Iran Tensions Lift Brent Above $90 as Kospi Declines 3% and GIFT Nifty Weakens
Global market sentiment turned sharply risk-off on July 20, 2026. Brent crude broke above $90 a barrel as US-Iran hostilities entered a ninth consecutive night. South Korea’s Kospi tumbled into a technical bear market. India’s GIFT Nifty pointed to a weak open. The common thread across every market: fear over the Strait of Hormuz and…
Gulf States Build Pipelines to Bypass Strait of Hormuz as Iran Blocks Oil Route
Gulf nations are building pipelines and ports to bypass the Strait of Hormuz after Iranian attacks disrupted oil exports. Saudi Arabia, UAE, and Iraq plan projects that could carry 14 million barrels per day by 2028.
Trump Halts Offshore Wind Projects on National Security Claims; States Sue Back
Trump administration halts offshore wind projects citing national security risks, spending $2.7 billion on lease buyouts. California and other states threaten lawsuits over the decision.
U.S. Strikes Iran for 7th Night as Bridges Fall, Oil Hits $86
U.S. Central Command launched its seventh straight night of strikes on Iran, hitting bridges and port infrastructure. Iran retaliated against Gulf allies. Oil rose above $86 a barrel as Strait of Hormuz shipping hit a three-week low.
Hitachi (TYO: 6501) and Eve (NYSE: EVEX) Partner to Build Charging Infrastructure for eVTOL Flying Cars
On 17 July 2026, Hitachi Energy and Eve Air Mobility (NYSE: EVEX) announced a partnership to develop charging infrastructure for electric vertical take-off and landing (eVTOL) aircraft. The agreement focuses on one of the biggest challenges facing the flying car industry: building reliable power systems that can support commercial operations. As urban air mobility moves…
FTSE 100 Edges Higher 0.05% as U.S.-Iran Conflict Keeps Investors on Edge Despite Asian Selloff
On 17 July 2026, the FTSE 100 inched up 0.05%, holding steady even as several Asian markets moved lower amid rising tensions between the United States and Iran. Investors stayed cautious as concerns over global economic growth and energy supplies continued to build. Even with the uncertain backdrop, London’s benchmark index found support from defensive…
Zhongji Innolight Targets Up to $7 Billion in Hong Kong Listing After July 17 Approval
Zhongji Innolight is nearing final clearance for what could become Hong Kong’s largest listing this year. Bloomberg reported on July 15, 2026, that China’s securities regulator was set to approve the deal. That approval clears the path for a Hong Kong Stock Exchange listing hearing this week. Zhongji Innolight now aims to raise to $7…
Reliance Industries Share Price Jumps 2.4% to ₹1,323.80 Ahead of Q1 FY27 Results on July 17
On 17 July 2026, Reliance Industries Ltd. (RIL) shares climbed 2.4% to ₹1,323.80 as investors waited for the company’s Q1 FY27 earnings, scheduled for later in the day. As India’s most valuable listed company, Reliance often influences overall market sentiment, so its quarterly results attract close attention from both traders and long-term investors. This quarter,…
House Passes Permanent Daylight Saving Time Bill 308-117 on July 16
House passes Sunshine Protection Act 308-117 to make daylight saving time permanent. Bill heads to Senate with Trump’s backing but faces Republican opposition over winter darkness concerns.