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2026.07.31EnergyU.S. GDP growth slowed to 1.5% in Q2 2026 amid Iran warConsumer spending rose at a 3.2% pace and business investment stayed strong, cushioning the drag from higher energy prices and rising importsQuartz India↗2026.07.31EnergyIran strikes tankers under US escort as Trump insists war is going wellOil prices rise as Tehran stops more vessels exiting Strait of HormuzThe Irish Times↗2026.07.31EnergyOil prices set to spike again after more Strait of Hormuz disruptions, Red Sea attacksUS crude is projected to average $80.14 a barrel, compared with June's estimate of $79.49.New York Post↗2026.07.31EnergyMajor oil companies reap massive profits as US and Iran fighting drives energy prices higherAmerican oil and gas giants raked in massive spring profits while fighting between Iran and the US impeded petroleum shipments and consumers around the world paid more for fuel and confronted shortages.National Observer↗2026.07.31Steel‘Steel prices globally are still at 15 year low despite cost pressure’Tata Steel reports improved profits amid low global steel prices and anticipates 8% consumption growth with rising GDP.BusinessLine↗2026.07.31EnergyIndian Oil posts first quarterly loss in 15 on crude price surgeIOC recorded a standalone net loss of ₹2,661 crore for the quarter ‌ended June 30, against a profit of ₹5,689 crore a year ‌agoBusinessLine↗2026.07.31EnergySubsea7 awarded contract offshore BruneiLuxembourg – 31 July 2026 - Subsea 7 S.A. (Oslo Børs: SUBC, ADR: SUBCY) today announced the award of a sizeable1 contract by Brunei Shell Petroleum (BSP). The contract covers the subsea installation for a Pipeline Replacement Project, offshore Brunei.GlobeNewswire↗2026.07.31EnergyMaruti Suzuki bets big on alternative fuel with Rs 561 crore CBG push; flags rising input cost pressuresMaruti Suzuki is investing Rs 561 crore in four compressed biogas manufacturing projects. This move supports India's transition to cleaner mobility and reduces fuel imports. The company's first-quarter profitability declined due to higher raw material costs. …The Times of India↗2026.07.31EnergyExxonMobil and Chevron profits quadruple amid Iran war as oil tops $112, reigniting inflation hedge debateSustained high oil prices could exacerbate inflation, prompting regulatory scrutiny and impacting sectors reliant on energy, including crypto. The post ExxonMobil and Chevron profits quadruple amid Iran war as oil tops $112, reigniting inflation hedge debate …Crypto Briefing↗2026.07.31EnergyChevron’s profit nearly quadrupled. Drivers are paying for it at $4 a gallonExxon and Chevron posted record quarters as the Strait of Hormuz conflict fueled shortages and a windfall-tax push in Congress.Fortune↗

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