Seven countries including Saudi Arabia and Russia agreed to increase crude output, completing the full rollback of the 1.65 million barrels-per-day cuts agreed in 2023. WTI and Brent futures both fell more than 4% in early Asia trading. The move marks a shift in OPEC+ supply policy that feeds directly into global spot and futures oil pricing.

Brent crude futures fell more than 6% to $82.41 as expectations grew that progress toward a U.S.-Iran nuclear deal could ease geopolitical supply risks. U.S. stock index futures edged higher, while Japan’s Nikkei slipped 1% and South Korea’s KOSPI fell 3.6% after a July rout that saw it slump 22%. The shift in geopolitical expectations was the main driver behind the move in commodity prices.

ZeroStack disclosed in financial statements for the period ended June 30, 2026 that it held 75.1 million 0G tokens recorded at a $163.33 million cost but with a fair value of $15.17 million. The company also reported an $82.5 million loss from remeasuring digital assets at fair value, a $61.3 million net loss, and a $339.1 million accumulated deficit. It recognized $3.78 million in digital-asset revenue from staking 0G tokens, but the sharp valuation decline highlights the company’s financial pressure tied mainly to 0G and a small Bitcoin position.

Meta has trimmed its outsourcing engagement with Wipro, reducing the IT services firm’s annual revenue by about $25 million. In fiscal year 2026, Wipro generated about $100 million in annual revenue from Meta, placing the social media company among its top 20 clients. Wipro ended last year with $10.5 billion in revenue, down 0.3% year on year. The company has also lost up to $100 million in annual revenue after Estée Lauder shifted work to Accenture, according to a Mint report dated 3 March.

Mozambique’s flagship LNG project is about 45% complete, with the first train still expected to start production in 2029. The second floating LNG platform, Coral Norte, has secured US$7.2 billion of investment and is expected to lift capacity to seven million tonnes a year from 2028. A separate US$30 billion (€26.1 billion) Rovuma LNG development in Area 4 will be led by ExxonMobil as delegated operator, with a final investment decision scheduled for September. The projects are seen as a major source of new global LNG supply and closely watched by markets for pricing and supply-chain expectations.

Global trading volume in tokenized stocks and ETFs climbed to $11.3 billion in July 2026, a record high, but the QQQB product accounted for 82% ($9.27 billion) of the total. Excluding QQQB, July volume was about $2.03 billion, down 30% from an estimated $2.91 billion in June. Binance bStocks made up 83.3% of overall activity, while volumes on xStocks fell and activity on Ondo and Backpack remained well below QQQB. The figures underline how concentrated and potentially unrepresentative the tokenized-equities market remains, creating a narrative challenge for projects tied to the theme without directly implying a price catalyst.

Amazon reported a strong second-quarter result, with AWS revenue rising 37% year over year to $42.2 billion and growth accelerating from prior quarters. CEO Andy Jassy said AWS could eventually become a $1 trillion revenue business. He also said Amazon’s AI and chip businesses each exceed $25 billion in revenue run rates, the AI business is growing by triple digits, and AWS backlog rose by triple digits to $496 billion. The results and forward guidance boosted the stock.

SKS Technologies Group (ASX: SKS) said it delivered an unaudited pre-tax profit of A$39.3 million, 15.6% above its prior market guidance. The company reported revenue of A$347.9 million, ahead of its February guidance of A$340 million. Its pre-tax margin came in at 11.3%, above the 10% it had guided.