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The Business Standard

Wednesday
June 10, 2026

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WEDNESDAY, JUNE 10, 2026

global economy

World+BizUSAAsiaSouth AsiaMiddle EastChinaEurope
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global economy

World+BizUSAAsia
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The US naval blockade of the Strait of Hormuz has been running for over a month. Photo: Deutsche Welle/US Navy/Planet Pix/ZUMA/picture alliance

Oil climbs as US-Iran tensions flare again while stockpiles tighten

Brent futures rose 66 cents, or 0.7%, to $92.11 a barrel at 0406 GMT, while US West Texas Intermediate crude crude climbed 60 cents, or 0.7%, to $88.80

TBS Collage

Apple bets on overdue Siri fix to close AI gap

A general view of Hongkong International Terminals (HIT), owned by Hutchison Port Holdings, as part of the Kwai Tsing Container Terminals for transporting shipping containers in Hong Kong, China July 25, 2018/ Reuters

China's trade engine revs up as exporters ride AI wave

A woman walks in front of a screen displaying Evergrande's stock prices, among others, outside the Exchange Square, after a court ordered the liquidation of China Evergrande Group, in Hong Kong, China, 29 January 2024. REUTERS/Lam Yik/File Photo

Tumbling tech darlings slam brakes on AI rally

A cargo ship with containers docks at a terminal of the Yantian port in Shenzhen, Guangdong province, China October 30, 2025. Photo: REUTERS/Tingshu Wang/File Photo

China's global e-commerce push stalls as Iran war lifts costs, dampens demand

FILE PHOTO: The logo of the Organisation of the Petroleum Exporting Countries (OPEC) sits outside its headquarters ahead of the OPEC and NON-OPEC meeting, Austria December 6, 2019. REUTERS/Leonhard Foeger

OPEC+ approves fourth oil output quota hike since Hormuz closure

Representational image

Oil prices climb more than $4 after Israeli strikes on Iran and Lebanon

ChatGPT Voice is getting several new upgrades, but only paid users have access to it. Photo: AFP

OpenAI plans ChatGPT 'superapp' overhaul ahead of listing

SpaceX logo, word "IPO" and rising stock graph are seen in this illustration taken June 4, 2026. Photo: REUTERS/Dado Ruvic/Illustration/File Photo

SpaceX IPO bars investors from China and Hong Kong: Bloomberg News

A general view of the Airbus A320 production line at the planemaker's plant in Hamburg, Germany, June 14, 2018. Photo: REUTERS/Fabian Bimmer/File Photo

Airbus in limbo over early launch of larger A220: Sources

Tankers sail in the Gulf, near the Strait of Hormuz, as seen from northern Ras al-Khaimah, near the border with Oman’s Musandam governance, amid the U.S.-Israeli conflict with Iran, in United Arab Emirates, March 11, 2026. REUTERS

Global oil inventories depleted, next price spike could roil economies, markets

Semiconductor chips are seen on a circuit board of a computer in this illustration picture taken February 25, 2022. REUTERS/Florence Lo/Illustration/File Photo

Chip slump erases $1.3t in stock market value

A drone view of a pump jack and drilling rig south of Midland, Texas, US June 11, 2025. Photo: REUTERS

Oil little changed on uncertainty over US-Iran peace deal

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