FinNotes

5 matches across 1 sections

Market news & articles

Geopolitics & Trade · 3 hours ago

India urges Iran-Israel de-escalation, calls for diplomacy and civilian protection

India’s Ministry of External Affairs said renewed hostilities in West Asia, including between Iran and Israel, have raised international concern. India called on all parties to de-escalate immediately, protect civilians, and return to diplomatic engagement. The statement cited continuing humanitarian and economic costs linked to the conflict.

Energy & Commodities · 4 hours ago

Brent nears $97 and WTI tops $94 as Israel-Iran fighting and Lebanon strikes lift crude

Crude prices climbed more than 4% on June 8 as conflict escalated between Israel and Iran and Israel carried out strikes in Lebanon. Brent rose about $4 to around $97 a barrel and WTI gained about $4 to about $94. Reports cited concerns linked to disruptions around the Strait of Hormuz.

Energy & Commodities · 4 hours ago

OPEC+ to lift July oil quotas by 188,000 bpd as Hormuz disruptions curb exports

Seven OPEC+ countries agreed on June 7 to raise July production quotas by 188,000 bpd, taking the group’s July quota to 35.83 million bpd, excluding compensation for prior overproduction. The increase applies to Saudi Arabia, Russia, Iraq, Kuwait, Kazakhstan, Algeria and Oman, with Iraq’s quota up 26,000 bpd, amid disruptions to flows through the Strait of Hormuz.

Geopolitics & Trade · a day ago

Drone strike damages spent fuel storage facility near Chernobyl, Ukraine reports

Ukraine’s nuclear operator reported that a drone strike hit a spent nuclear fuel storage site near the Chornobyl nuclear power plant, damaging the fuel reception building. A fire covering about 40 square meters was contained and extinguished. Authorities said radiation readings remained within established limits, with no reported spike.

Geopolitics & Trade · a day ago

St. Petersburg Urged to Stay Indoors as Ukraine Launches Large Drone Attack; Putin Rejects Direct Talks

Authorities in St. Petersburg advised residents to remain indoors after a large Ukrainian drone attack targeted Russia’s second-largest city on Saturday. The incident followed Russian President Vladimir Putin’s rejection on Friday of Ukrainian President Volodymyr Zelenskyy’s proposal for face-to-face talks. Ukraine has intensified long-range strikes on energy and military sites inside Russia.