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Oil Prices Rise Above $100 a Barrel

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Oil Prices Rise Above $100 a Barrel

U.S. oil futures opened trading Sunday evening by rising above $100 a barrel, adding to a late Friday rally driven by fears of a prolonged war in the Middle East.

U.S. oil futures have risen about 50% since the U.S. and Israel began bombing Iran late last month, trading around $103 a barrel Sunday evening. Brent crude, an international gauge, rose above $108 a barrel at the open. Diplomatic talks slowed futures’ sharp climb last week, when U.S. benchmark barrels added just 1.4%. But prices ended the week on the ascent.

They were pushed higher by concerns that Iran’s Houthi allies would join the fighting and disrupt shipments of oil that have been diverted by Saudi Arabia away from the blocked Strait of Hormuz to a Red Sea port. More U.S. troops massed in the Middle East, and Iran threatened reprisal if the U.S. launched a ground invasion.

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FDA recalls chocolate products found to contain undeclared drug ingredients

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FDA recalls chocolate products found to contain undeclared drug ingredients

A nationwide recall has been issued for two chocolate products after they were found to contain undeclared prescription drug ingredients, federal health officials warn.

California-based Gear Isle is voluntarily recalling certain units of its “Gold Lion Aphrodisiac Chocolate” and “ilum Sex Chocolate” after testing revealed the presence of sildenafil and tadalafil — active ingredients commonly used in erectile dysfunction medications, according to a Thursday announcement from the U.S. Food and Drug Administration (FDA).

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The products were sold online across the U.S. and marketed as dietary supplements.

CHOCOLATE CANDY SOLD AT LIDL RECALLED OVER UNDECLARED HAZELNUT ALLERGEN

Chocolate bars on a table

Bars of chocolate are pictured on a table. (iStock / iStock)

The FDA warned that the undeclared ingredients could pose serious health risks, particularly for people taking nitrate medications for heart conditions. 

The combination can cause a sudden and potentially “life-threatening” drop in blood pressure, according to the FDA.

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“Among the adult male population who are most likely to use these products, adult males who use nitrates for cardiac conditions are most at risk from these products,” the announcement noted.

ALDI RECALLS POPULAR SNACK FOOD OVER POSSIBLE RODENT HAIR CONTAMINATION

Viagra tablets

A blister pack containing Viagra tablets on July 17, 2025, in London, England. (Peter Dazeley/Getty Images / Getty Images)

The recall covers:

  • Gold Lion Aphrodisiac Chocolate Male Enhancement Sachet (UPC: 795847916279, exp. June 2027)
  • ilum Sex Chocolate Male Sexual Enhancement Booster (UPC: 1002448578911, exp. Dec. 25, 2027)

Gear Isle said it has not received any reports of adverse events tied to the products.

Consumers are urged to stop using the products immediately and return them for a refund. 

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HERBAL SUPPLEMENT FOUND TO CONTAIN HIDDEN VIAGRA INGREDIENT, FDA URGES CONSUMERS TO STOP USE

Man checks blood pressure monitor and heart rate monitor

A person uses a digital blood pressure monitor at home. (iStock / iStock)

Anyone experiencing symptoms should contact a healthcare provider, according to the FDA.

The recall follows a similar action earlier this month, when New Mexico-based Primal Supplements Group LLC voluntarily recalled certain units of its Primal Herbs “Volume” sexual enhancement product after it was also found to contain sildenafil, according to the FDA.

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Gear Isle did not immediately respond to FOX Business’ request for comment.

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Tracking The $13.61B Lone Pine Capital Portfolio – Q4 2025 Update

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Tracking The $13.61B Lone Pine Capital Portfolio - Q4 2025 Update

Tracking The $13.61B Lone Pine Capital Portfolio – Q4 2025 Update

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E-commerce duties moratorium expires as WTO talks run out of time, officials say

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E-commerce duties moratorium expires as WTO talks run out of time, officials say

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Tech CEOs suddenly love blaming AI for mass job cuts. Why?

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Tech CEOs suddenly love blaming AI for mass job cuts. Why?

More tech leaders are pointing to job cuts caused by AI tools – and a need for more investment cash.

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Aboriginal Lands Trust divestment late, but welcomed by Kimberley leader

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Aboriginal Lands Trust divestment late, but welcomed by Kimberley leader

The boss of a Kimberley Aboriginal corporation is hopeful a fresh push to divest a 22-million-hectare lands trust marks a fork in the road for Indigenous self-governance.

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Exclusive-US Treasury to consult with insurance regulators on private credit lenders, sources say

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Exclusive-US Treasury to consult with insurance regulators on private credit lenders, sources say


Exclusive-US Treasury to consult with insurance regulators on private credit lenders, sources say

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Stocks tumble as Middle East tensions drag

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Stocks tumble as Middle East tensions drag

US stocks tumbled on Friday, with each ‌of the three major US indexes closing at their lowest levels in over seven months and the Dow confirming it was in correction territory as the month-long Middle East war continued to suppress ‌risk appetite.

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BOJ debated need for more rate hikes, March meeting summary shows

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BOJ debated need for more rate hikes, March meeting summary shows


BOJ debated need for more rate hikes, March meeting summary shows

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Financial services companies buck weak market to rock IPO show

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Financial services companies buck weak market to rock IPO show
ET Intelligence Group: In a fiscal year when finance sector indices struggled to deliver returns, newly-listed firms from the sector drove record fundraising in the primary market. Together, they raised ₹49,795 crore through initial public offerings (IPOs)-the highest annual tally for the sector in a decade, surpassing the ₹42,283 crore mobilized over the previous six years combined.

Financial services companies accounted for 28% of the ₹1.8 lakh crore raised by 109 mainboard firms in FY26, marking the strongest year ever both in terms of the number of issuances and total proceeds, which increased 9% year-on-year. The total sample covers companies listed between April 2025 and March 2026 across the NSE and BSE main boards.

Fin Services Cos Buck Weak Market to Rock IPO ShowAgencies

raise ₹49,795 cr in fy26—highest annual tally for sector in a decade

The year’s two largest IPOs were from the finance sector: Tata Capital (₹15,512 crore) and HDB Financial Services (₹12,500 crore). They, together with ICICI Prudential AMC (₹10,603 crore) and Groww, or Billionbrains Garage Ventures, (₹6,632 crore), accounted for 26% of the total IPO mop-up.

This highlights the sector’s role in sustaining primary market momentum despite weak secondary market sentiment. The BSE Financial Services index slipped over 1% while the Sensex fell nearly 5% during the year, weighed down by concerns over the conflict in West Asia.

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Apart from financial services, major sectors that raised IPO money in FY26 include consumer durables (₹17,522.9 crore), capital goods (₹10,740.3 crore), and fast-moving consumer goods (₹9,374.5 crore).


The other big IPOs during FY26 were by LG Electronics, which raised ₹11,607 crore, Lenskart Solutions (₹7,278.8 crore), and Meesho (₹5,421 crore). The top 10 IPOs collected ₹81,063 crore, forming 46% of the total IPO kitty in FY26. In FY25, the top 10 IPOs collected ₹92,680 crore or 57% of the total IPO sum of ₹1.6 lakh crore.

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Thailand’s economy severely impacted by global fuel crisis as Iran conflict disrupts supply chains

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Thailand's economy severely impacted by global fuel crisis as Iran conflict disrupts supply chains

The Iran-related conflict has sparked a global energy crisis, impacting economies worldwide. In Thailand, fuel shortages cause long queues, rising costs, and disruptions to services like cremations, agriculture, and transportation. The crisis highlights how Middle East instability triggers ripple effects across global supply chains, leading to rising prices and economic strain beyond the region.

A Temple’s Role During Crises

This temple in suburban Bangkok has served as a vital support during emergencies, providing free cremation for around 1,300 bodies during the COVID-19 pandemic, offering relief to struggling families. However, current global conflicts threaten its capacity to continue this service, particularly because it relies on fuel for cremation processes. The ongoing war in Iran and the Gulf region has led to fuel shortages, with the tanker that previously delivered 2,000 liters weekly halting operations due to government subsidy cuts. This situation has also caused smaller fuel stations to shut down, exacerbating the supply crisis and limiting the temple’s ability to manage bodies efficiently.

Fuel Shortages and Societal Impact

Fuel scarcity has caused long lines at fuel stations, with people rushing to fill up amid fears of rising prices as government subsidies end. Farmers, especially rice growers, face disruptions during critical planting and harvesting periods, as they cannot secure enough diesel for machinery and water pumps. Ponzan Tajan, a farmer, had to stockpile fuel for days to operate her harvesting equipment but worries about water shortages for her crops come April, highlighting the widespread economic strain caused by the fuel crisis. The supply issues are creating a ripple effect across various sectors, emphasizing how interconnected resource shortages are with daily life and food security.

Broader geopolitical implications

The crisis is rooted in international tensions, with the war on Iran having far-reaching consequences. Ponzan recalls the impact of global politics on her community, noting how the conflict has led to fuel shortages and economic instability. She mentions her unfamiliarity with Donald Trump, but now she associates him with initiating a conflict that has destabilized the Middle East and disrupted supplies worldwide. As resource scarcity intensifies, it underscores the complex, global repercussions of regional conflicts and their influence on ordinary lives far beyond the original conflict zones.

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