Oil markets led the business agenda as OPEC+ approved another measured supply increase for August, adding 188,000 barrels a day just as tanker traffic through the Strait of Hormuz begins to recover and crude prices slip back toward pre-conflict levels. The move underscores a mark...
Oil markets led the business agenda as OPEC+ approved another measured supply increase for August, adding 188,000 barrels a day just as tanker traffic through the Strait of Hormuz begins to recover and crude prices slip back toward pre-conflict levels. The move underscores a market caught between lingering Middle East disruptions and softer demand signals, including weaker Chinese imports and extra supply from elsewhere. In the corporate arena, Uber is slowing most of its European food-delivery expansion to concentrate on a potential Delivery Hero deal, a sign that consolidation is taking precedence over geographic growth. In India, Cube Highways Trust is preparing a ₹5,000-crore public offering aimed at widening its investor base and boosting liquidity for its road-asset platform. Meanwhile, in Israel, the cabinet’s decision to defy a Supreme Court ruling over the broadcast regulator adds fresh political risk with potential implications for business confidence.
Top Business stories
- OPEC+ approves 188,000 bpd quota increase for August as Hormuz flows slowly recover (12 sources)
- Seven OPEC+ members agree to modestly raise August oil output as prices decline (5 sources)
- Israel cabinet votes to defy Supreme Court ruling on broadcast media regulator (4 sources)
- Taiwan military resumes anti-communist classes for graduates citing China threat (4 sources)
- Cube Highways Trust to launch ₹5,000-crore IPO via offer-for-sale to broaden investor base (4 sources)
- ASX expected to fall as investors weigh AI jitters and steady oil prices (3 sources)
- Australia’s auction clearance rates fall below 50% for third consecutive week (3 sources)
- Israeli strike in Gaza City kills two, medics say; detention concerns raised for hospital director (3 sources)
Clara Chronicle
Author at IfHighLow
