Morning Edition · Saturday, July 25, 2026
Markets
Oil Falls Nearly 4% as China and Pakistan Press to Restart US-Iran Talks
Brent settled around $96.78 a barrel, retreating from above $100, as a diplomatic opening reduced a war premium that had lifted crude close to 10% on the week.
Macro
Trump Reimposes Near-Universal Tariffs on 60 Economies, Citing Forced Labor
The 10% to 12.5% duties cover roughly 99% of US imports and replace a blanket tariff the Supreme Court struck down in February, and two American companies sued within hours.
Geopolitics
Saudi Arabia Strikes Yemen's Hodeidah After Attack on Its Red Sea Shipping
The Houthi movement answered what it called a dangerous escalation by striking a Saudi Aramco refinery at Jazan, where a large fire broke out.
Macro
Gold Holds Near $4,030 as Markets Weigh a Fed That May Still Raise Rates
Traders price roughly a one-in-three chance of a hike at the July 29 meeting and stronger odds by September, as oil-driven inflation pressure meets a slowing economy.
Markets
Indian Stocks Fall for a Fifth Session as Oil and Foreign Selling Weigh
The Sensex closed near 76,060 and the Nifty below 23,800, extending a five-day slide of more than 2,000 points as crude near $100 undercut the market's usual resilience.
Tech
SpaceX Flies Starship for the First Time Since Its Public Listing
The rocket completed its 13th test flight and deployed 20 Starlink satellites, even as the newly public stock has fallen sharply from its June peak.
Geopolitics
Russia Says New START Lapsed Over Washington's Refusal to Respond
The last treaty capping US and Russian strategic nuclear arsenals expired in February, and Moscow now says no formal extension took hold.
Markets
Seven & i Walks Away From Investment in Poland's Zabka Chain
The Japanese retail group said it could not reach terms that served its shareholders, the latest sign of capital discipline at a company under activist pressure.
Tech
Japan Courts India and Malaysia to Escape a US-China AI Duopoly
Tokyo is building artificial-intelligence dialogues with Global South partners to reduce reliance on the dominant American and Chinese firms.
World
US Appeals Court Refuses to Revive Trump's $100,000 H-1B Visa Fee
A Boston-based panel left in place a June ruling that struck down the charge as a tax Congress never authorized, a decision that matters most for Indian technology workers.
Macro
India and UK Sign Trade Deal but Leave the Hardest Questions Open
The agreement lowers tariffs while deferring investment protection, patent rules and carbon border taxes to future talks.
Geopolitics
ICC Member States Vote to Dismiss Chief Prosecutor Karim Khan
Eighty-two of the court's 125 members backed his removal over sexual misconduct allegations that he denies, unsettling the court's most sensitive investigations.
Macro
Wealth Rankings Show US Households Far Ahead of Western Europe on Average
Average wealth per adult in Western Europe is less than half that of the United States, though Europe closes much of the gap on median wealth.