Brent crude oil crossed $92 a barrel on Wednesday, reaching a two-month high. Prices rose after the US struck Iranian military targets for the 11th straight night and Iran-backed Houthis threatened to block Saudi oil shipments through the Red Sea. Goldman Sachs said Brent could reach $120 if disruption in the Strait of Hormuz continues for a prolonged period.

Hacking gang Anubis has claimed responsibility for a cyberattack on Coca-Cola-owned dairy company Fairlife, saying it had stolen 1TB of data and would publish it unless an unspecified ransom was paid. Chicago-based Fairlife produces dairy products, including protein shakes and filtered milk drinks. Coca-Cola last week said a hack had temporarily disrupted production at Fairlife's US facilities.

The London Stock Exchange has announced plans to launch LSE 24, a night-time trading site for select exchange-traded products, in 2027's first half. Operating separately from its main market, LSE 24 will run from 5 pm to 7:50 am (London time). The move is aimed at offering "near-continuous trading" and competing with the 24/7 trading model popularised by crypto platforms.

US President Donald Trump has announced that imported generic medicines will remain tariff-free for two years, until August 1, 2028. A 100% tariff will then apply for one year, followed by a 200% tariff from August 1, 2029, from then onwards. Trump said the phased measure is intended to encourage pharmaceutical companies to manufacture generic drugs within the United States.

Goldman Sachs said Brent crude prices could cross $120 per barrel by the fourth quarter if disruptions to the Strait of Hormuz continue due to escalating tensions between US and Iran. The US-based investment bank added that Brent crude prices could settle at $80 per barrel in the fourth quarter and $75 next year if tensions in Middle East de-escalated.

HDFC Bank's deputy MD Kaizad Bharucha said the board will clear the reappointment of its managing director (MD) and chief executive officer (CEO) soon, during the bank's post-earnings call. "The new chairman has just taken over. The GNRC (Governance, Nomination and Remuneration Committee) and the board are seized of the matter and it is a work in progress," he added.

Government debt across developed economies is projected to rise by $4.2 trillion to a record $75.8 trillion by the end of 2026, according to Fitch Ratings. The debt would equal 104% of gross domestic product. The US is expected to record the largest government budget deficit at 7.8% of GDP, followed by France, Britain, Germany and Japan.

An ex-Ford employee, who was fired over false allegations of stealing a ₹190 packet of cookies, has rejected the ₹32-lakh rehire amount offered by company after he was proven innocent. The 60-year-old was wrongly labelled a thief after a self-checkout kiosk showed he failed to pay for cookies during an overnight shift. He's now suing the automaker and cafeteria operator.

Liverpool Football Club's US owners are in talks to sell a minority stake to a group of investors led by Amit Bhatia, billionaire Lakshmi Mittal's son-in-law, and backed by the Mittal family, FT reported. The deal would value the club at over $6 billion (around ₹57,800 crore). If completed, it would make Liverpool one of the highest-valued football clubs ever.

Skyroot CEO Pawan Chandana posted that he made the first call to his father after Vikram-1 reached orbit. "When I called him...he just cried," Pawan said. "He is the man who made my journey possible—with dreams for me far bigger than the ones I had for myself, and by simply never giving up on me," he added.