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Catastrophic Aftermath of Texas Flash Floods

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More than 50 people have died and dozens of children are missing in Texas Hill Country after catastrophic flooding, leaving officials struggling to explain if they had done enough to warn people of the fast-rising waters. (Source: Bloomberg)



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Asia Eyes Cautious Open on Tariff Deals, Oil Falls: Markets Wrap

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Asian equities were set for a cautious start as investors awaited further details on US import duties ahead of a July 9 deadline. Oil fell after OPEC lifted output.



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Oil Drops as Larger OPEC+ Supply Increase Raises Glut Concerns

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Oil declined after OPEC+ agreed to a bigger-than-expected production increase next month, raising concerns about oversupply just as US tariffs fan fears about the demand outlook.



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Lutnick Says Trump’s Tariffs Will Take Effect on Aug. 1

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President Donald Trump’s country-by-country tariffs will take effect Aug. 1, Commerce Secretary Howard Lutnick said, signaling some breathing room for US trading partners ahead of a July 9 deadline previously set by the president.



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