Global oil prices surged on Sunday as the Israel-Iran conflict continued to rattle markets, with Brent crude rising 3.9% to $80 per barrel and U.S. crude climbing 4.3% to $77 per barrel.
The ongoing tensions have caused sharp fluctuations in oil prices over the past week, fueling volatility in the U.S. stock market. Futures for the S&P 500 fell 0.6% on Sunday, and treasury yields dipped slightly amid investor concerns.
The Strait of Hormuz, a critical chokepoint for global crude supply, has become a focal point due to Iran's position as a major oil producer and its proximity to the waterway. Fears of disruptions to crude flow have driven markets to react strongly to developments in the conflict.
Analysts warn that further escalation in the Middle East could significantly impact global energy supplies and financial markets.
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Russian authorities said 11 people, including four children, had been killed by Ukraine in an overnight attack on a holiday camp, accusing Kyiv on Saturday of deliberately targeting civilians.
Iran will halt its own attacks as long as the United States maintains its pause on strikes, but Tehran remains sceptical of U.S. intentions, a senior Iranian source told on Sunday.
Start your day informed with AnewZ Morning Brief. Here are the top news stories for the 25th of July, covering the latest developments you need to know.
Italian Defence Minister Guido Crosetto recently offered the dismissed Ukraine’s Defence Minister, Mykhailo Federov an adviser role in Italy.
U.S. President Donald Trump says Israeli Prime Minister Benjamin Netanyahu will visit Washington next week as tensions continue to rise across the Middle East.
U.S. President Donald Trump has thanked Morocco's King Mohammed VI after a video shared on his Truth Social platform presented the country's Tiznit-Dakhla expressway as the "President Donald J. Trump Highway."
A known Islamist suspected of driving a minivan into a crowd near a major LGBTQ Pride gathering in Berlin was shot dead during a police operation at an allotment garden complex, broadcaster RBB reported on Sunday.
Britain's new Prime Minister Andy Burnham "will always put Britain's interests first", he told the BBC in an interview when asked whether he was willing to call out U.S. President Donald Trump.
Uzbekistan captain Eldor Shomurodov has been shortlisted for the Hyundai Goal of the Tournament award at the 2026 FIFA World Cup, with his strike against DR Congo named among the competition’s 12 best goals. The nomination places the Uzbek forward alongside some of world football’s biggest stars.
Firefighters battled on Sunday to contain wildfires threatening the outskirts of Bordeaux, as authorities expanded evacuation orders and warned the blazes were spreading rapidly during an intense heatwave across southern Europe.
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