US gasoline prices have started to fall after the US and Iran reached an interim peace agreement that reopened the Strait of Hormuz, easing fears over crude supply and pulling WTI lower. But gasoline inventories remain low and refiners’ restocking needs are keeping fuel costs elevated. Gasoline futures are still more than 80 cents a gallon above prewar levels and the national average pump price is holding around $4.06 a gallon, leaving experts doubtful of a quick return to $3 gasoline. Some analysts say a move back toward prewar prices may not come until late 2026.

On June 29, rising tensions between the United States and Iran around the Strait of Hormuz pushed international crude oil prices higher, stoking inflation worries and reinforcing expectations of further U.S. Federal Reserve rate hikes. Spot gold fell 0.8% to $4,057.77 per ounce, marking a fourth consecutive monthly decline. In India, 24K gold was priced at about ₹1.43 lakh per 10 grams, while silver held at ₹2,193.50 per 10 grams.

Micron Technology is set to report earnings after the close, with its shares up about 4% in premarket trading after a 13% drop the prior session. TD Cowen analyst Joshua Buchalter said pricing has been stronger than expected and demand for AI computing continues to outstrip supply, easing concerns over margins. The setup is being watched as a near-term catalyst for semiconductor stocks, with potential spillover to Micron and parts of the AI hardware chain.

Investors are selling technology shares worldwide as worries grow over whether AI-driven spending will translate into enough profits to justify current valuations. The Nasdaq Composite fell 1.3% in the previous session and the S&P 500 also closed lower, while an Asian technology stock index dropped as much as 5% to end an eight-session winning streak. In Europe, the Stoxx Europe 600 Index was down 0.92% in early trading, and Brent crude fell below $77 per barrel, a move tied to risk sentiment rather than supply and demand.

The article argues that escalating tensions in the Middle East and uncertainty around US-Iran talks are increasing India’s exposure through crude imports, while leaving the current account deficit (CAD) highly vulnerable to external shocks. It highlights structural demand drivers across oil, gold and natural gas, and calls for faster deepwater oil exploration to reduce import dependence. It also urges a broader gold mobilisation push, including temple gold purchases and a pilot for banks to hold gold as reserves. On gas, it proposes expanding piped networks and using LNG as a transition fuel for heavy trucks.

This consumer buying guide compares copper-coil split air conditioners and offers tips on what to look for when shopping. It lists nine 1.5-ton models from brands including O General, Whirlpool and Lloyd, highlighting copper’s heat-transfer efficiency, durability and repairability. The article repeatedly contrasts copper with aluminium coils and says copper performs better over time. It also references Amazon as the platform for cited buyer feedback.

Abu Dhabi National Oil Co. told long-term buyers to resume lifting crude from its Das and Zirku island ports inside the Persian Gulf from April 27, warning that failure to pick up cargoes would breach lifting obligations. The company linked the move to the recent US-Iran deal and expectations of uninterrupted traffic through the Strait of Hormuz. ADNOC has sold at least 30 million barrels via tenders and is accelerating a Fujairah pipeline to expand export capacity that bypasses Hormuz, according to Bloomberg.

India’s shipping ministry said no other Indian-flagged vessel has exited the Persian Gulf since the Malta-flagged LNG carrier Disha safely transited the Strait of Hormuz on June 15. The vessel is carrying 62,370 metric tonnes of LNG and is expected to berth at Dahej, Gujarat. The government said it is coordinating across ministries to support the safe return of ships, energy cargoes and seafarers, including through a control room that has handled more than 13,187 calls. Port operations across India remain normal with no congestion reported.

Ukraine carried out a second air strike on Moscow’s Kolomenskoye refinery, with black smoke and flames seen at the site, as Russia said it intercepted more than 555 drones and suspended flights at all four of the capital’s airports. The strike came hours before President Vladimir Putin was set to host an ASEAN summit, marking the first direct hit on a core energy facility in the Russian capital since the conflict began. No production outage was known, but the attack signaled an escalation toward strategic energy nodes inside Russia, prompting immediate market concerns over export stability and potential supply-chain disruption.