Middle East tensions drive oil price concerns and geopolitical risks while US markets show mixed signals; tech stocks recover as earnings beat expectations amid inflation worries.

IMF Chief Georgieva warns global economy could face 'much worse outcome' if Middle East war extends into 2027, with inflation already picking up due to regional tensions affecting oil markets and economic stability.

Drone strike hits UAE's Fujairah oil facility amid escalating Gulf tensions as Iran denies pre-planned attack; US Treasury Secretary Bessent says Strait of Hormuz operations can help alleviate ongoing oil shortage.

US stocks trade mixed as Wall Street digests rising oil prices from Middle East conflict, though robust corporate earnings outlook provides counterbalance to energy-related concerns.

India's electricity generation hit two-year high of 167.61 billion kilowatt-hours in April driven by intense heat, while central bank explores measures to mobilize dollar inflows as rupee faces pressure from oil price spike.

Palantir posts fastest revenue growth ever with earnings beating expectations, driven by explosive demand in US market; Tesla reaches symbolic self-driving milestone though real-world challenges remain significant.

Micron Technology has risen dramatically in company rankings, moving from outside top 100 US companies a year ago as fortunes shift amid semiconductor industry dynamics.

Pakistan confirms petroleum stocks sufficient through third week of June amid global oil price surge, while Attock refinery restarts main crude processing unit after logistics disruptions normalize.

Amex GBT agrees to $6.3 billion take-private deal with Long Lake; Fed dissenters signal next rate change could be either a cut or hike, reflecting uncertainty in monetary policy direction.

Amazon's new delivery service threatens FedEx and UPS shares, though analyst skepticism suggests disruption may be less significant than feared; fertilizer costs hit 2026 highs threatening food prices.

Pakistan business delegation participates in SelectUSA summit in Maryland to deepen trade ties and cooperation; CCP approves Nishat consortium's Rafhan Maize acquisition after finding no competition concerns.