Houthi military spokesman said several drones struck targets and sensitive facilities in the crude supply and transport network carrying oil from eastern Saudi Arabia to Yanbu, saying the attacks were in response to Saudi drone incursions into Yemeni airspace.

U.S. Dallas Fed business activity index for July rose to 1.3, the highest reading since January 2025.

Middle East conflict has disrupted energy supply chains, pushing key mining input prices higher and squeezing state miner Coal India's profitability. Company data show explosives for mine blasting were about 26% higher in early April versus pre-conflict levels, while diesel for mining equipment has risen roughly 50% since mid-March. Coal India said in April it is absorbing the higher costs to avoid 'chain effects' on the economy. Despite stronger summer cooling demand, coal's share of India's power mix this quarter remained around 70% and renewables rose to a record 19%, prompting roughly an 8% cut in the firm's output this quarter. Coal India expects coal to remain important in India's energy mix for at least the next decade but is diversifying into renewables and critical-minerals extraction in response to long-term challenges.