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U.S. crude oil futures settled at $89.31 a barrel, down $2.88, or 3.12%.

2026-07-25

U.S. crude oil futures settled at $89.31 a barrel, down $2.88, or 3.12%.

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2026-07-25

China foreign minister Wang Yi met Iran foreign minister Alaghezi on July 24 in Kyrgyzstan at the SCO foreign ministers' meeting. China said the recently renewed escalation in the Gulf is a source of deep concern and said the memorandum of understand

China foreign minister Wang Yi met Iran foreign minister Alaghezi on July 24 in Kyrgyzstan at the SCO foreign ministers' meeting. China said the recently renewed escalation in the Gulf is a source of deep concern and said the memorandum of understanding signed just over a month ago is a valuable product of multilateral mediation that should not be discarded. China urged keeping negotiation channels open, returning to implementation of the MoU consensus and persisting with talks while there is hope for peace. As a comprehensive strategic partner, China said it will continue to support Pakistan and other parties’ mediation efforts to restore direct dialogue and properly address issues in and around the Strait of Hormuz.
2026-07-24

Russian Defense Ministry said it carried out a precision strike on a facility in the suburbs of Kyiv that was hosting a drone demonstration.

Russian Defense Ministry said it carried out a precision strike on a facility in the suburbs of Kyiv that was hosting a drone demonstration.
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