Petrol retail prices in parts of Nigeria have risen to N1,230 per litre, driven by the Dangote Petroleum Refinery’s decision to sell to marketers in dollars and a jump in global crude prices tied to renewed U.S.-Iran tensions. Major depot loading prices are broadly at N1,185–N1,245 per litre nationwide, and some stations have temporarily suspended sales. Industry groups warned of monopoly-style, arbitrary pricing and said a single company’s actions should not set prices for the entire market. The move highlights a rising global supply-risk premium and intensifying pressure on Nigeria’s downstream pricing framework.

Nigeria’s petrol imports jumped 207% month on month in June to 18.1 million litres per day, while domestic supply fell 22% to 32.5 million litres per day. LPG imports rose 1,400% and aviation turbine kerosene supply declined 30.6%. Total petrol receipts increased 6.8% and stock sufficiency improved to 19.7 days, underscoring a widening reliance on imports to offset weaker local supply.

From July 1 to 16, foreign investors net sold $8.1 billion of South Korean stocks as the KOSPI fell 19.6%. Over the same period, they net bought $399 million in South Korea-listed equity ETFs, concentrating on leveraged and inverse products tied to the KOSPI 200 as well as semiconductor-themed ETFs. Samsung Electronics leveraged ETFs saw net inflows, while SK Hynix leveraged ETFs posted sizable net outflows. The positioning has been interpreted as volatility-hedging rebalancing rather than a one-way bearish bet.

Crypto firm Bitmine said it needs to add just 507,000 ETH to meet its goal of owning 5% of Ethereum’s circulating supply. The statement did not specify the funding source, timeline, or execution path, and it was not backed by on-chain verification. The announcement has nonetheless drawn attention because of its explicit, quantified target and scale, based on an estimated mid-2026 circulating supply of about 30 million ETH, implying 5% equals 1.5 million ETH. The development is being treated as an off-chain, public-statement signal of whale behavior and does not involve confirmed on-chain transfers or protocol changes.

Netflix reported Q2 2026 revenue of $12.6 billion, up 13% year over year, but cut its Q3 growth forecast to 11.7%, marking a third straight quarter of deceleration. The outlook shift sent the stock down about 9% in after-hours trading. The company also said it repurchased $4.7 billion of shares in Q2, a quarterly record, and expects advertising revenue to reach about $3 billion, roughly 6% of full-year revenue.

Oracle’s latest earnings report put its Remaining Performance Obligations (RPO) at $638 billion alongside $67 billion in annual revenue. The company also guided that it expects to raise more than $40 billion through a combination of debt and equity this year, sending long-term bond yields higher, with the 2052 notes at 7.6%. Investors are also focused on customer concentration after OpenAI was said to account for nearly half of the backlog, and the shares fell to a one-year low, breaking below $136.

The S&P 500, Nasdaq 100 and Dow have pulled back more than 5% from their year-to-date highs, even as bank and technology earnings come in strong and the odds of a Federal Reserve rate hike ease. Selling pressure has been led by a broad AI-related retreat after Moonshot released its Kimi K3 model, stoking concerns about whether U.S. leaders are still ahead. Hardware-linked names such as Micron and Nvidia have fallen more than 20% from their year-to-date highs, while a weak Netflix report added to the risk-off tone.

U.S. asset manager T. Rowe Price has launched a multi-cryptocurrency ETF that includes Bitcoin, Ethereum and XRP. The fund is now listed and trading in the United States, marking the first time XRP has been included in an ETF lineup issued by a major traditional financial institution. The move offers a compliant investment channel for XRP under an SEC-regulated framework and could draw additional institutional inflows while reinforcing its positioning as a mainstream crypto asset. Details such as the ETF’s size, fees and custody arrangements were not disclosed in the headline.