Exxon Mobil and Chevron both reported lower earnings as oil shipments were disrupted following a U.S. and Israeli attack on Iran on February 28. The strike sent oil prices sharply higher after two months of depressed prices, squeezing the companies' margins during the quarter before the spike took effect. The disruption to Iranian oil flows created supply uncertainty that rattled global energy markets, though the full financial impact on either company depends on how long the disruption lasts and how much of their production or trading exposure was affected during the period. Investors and analysts will be watching whether the price spike sustained itself long enough into the quarter to offset the earlier weakness in earnings. The situation also raises compliance and logistics questions for refiners and shippers who rely on routes through the region.
Indian startups raised $5.2 billion across 501 deals in H1 2026, down 9% in value but up 7% in deal count year-on-year, per the Inc42 Indian Tech Startup Funding Report. The drop is driven by fewer mega-rounds, while AI funding surged 317% and growth-stage deal activity hit a multi-year high.
The BSE Sensex fell 893 points and the Nifty 50 shed 279 points on June 30, 2026, wiping out roughly Rs 6 lakh crore in investor wealth in a single session. Both indices dropped 1.16%, closing at 76,200.68 and 23,824.10 respectively.
Kotak Mahindra Bank shares fell nearly 3% to Rs 397.6 after CEO Ashok Vaswani announced plans to exit the bank. Investor concern now centres on succession timing and whether the bank's ongoing digital and deposit-growth strategy will stay on track.
South Korea's Kospi dropped 3% at Monday's open while Japan's Nikkei fell 1%, as escalating US-Iran conflict triggered a broad risk-off move across Asian markets. South Korea's heavy reliance on Middle East oil imports makes it especially vulnerable to geopolitical shocks of this kind.
