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EU Commission sues Hungary over supermarket margin cap

Hungary has limited margins between purchase and sale prices since 2025, primarily affecting foreign retailers08 July 2026

Strait of Hormuz ship traffic comes under renewed pressure

At least 12M barrels of crude oil crossed strait Tuesday, including 6.1M from Saudi Arabia, 3.9M from UAE and 2M from Qatar, according to Kpler data08 July 2026

IMF cuts 2026 global growth forecast as Middle East war weighs on outlook

Global economy expected to grow 3% this year, down from April forecast of 3.1%08 July 2026

Apple signs over $30B chipmaking deal with Broadcom in US manufacturing push

Deal to produce more than 15B US-made chips, includes $1.5B expansion of Broadcom facility in Colorado08 July 2026

EU says transatlantic trade 'deeply integrated,' vows to protect bloc's interests after Trump targets Spain

'We will continue to advocate for stable, predictable, and mutually beneficial transatlantic trade for the benefit of all,' spokesperson says08 July 2026

Turkish defense firm Aselsan says it can deliver advanced radar, air defense systems to NATO allies within 2 years

Company raised serial production capacity by 40% over past 2 years, CEO says08 July 2026

Nearly 6,000 seafarers stranded in Gulf as Hormuz attacks continue: IMO

International Maritime Organization chief condemns attacks on commercial ships, calls for maximum restraint, de-escalation08 July 2026

Iran shipped 60M barrels of crude since US naval blockade pause in mid-June, TankerTrackers says

Monitoring service says Iran could be left with around 50M barrels of crude, refined products if blockade resumes amid rising tensions08 July 2026

Global bonds come under selling pressure amid Middle East tensions in H1

Global bond yields expected to move relatively more stable if oil prices remain near their current levels, says expert08 July 2026

Türkiye’s exports to Africa surge in H1 as trade diplomacy, economic cooperation strengthen

Turkish exports to African countries rise 12% to $11B in January-June, with Morocco top recipient, followed by Egypt, Libya, Algeria and Tunisia, Turkish Exporters’ Assembly data shows08 July 2026

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