China's crude oil imports rebounded to about 7.8 million barrels per day in July, up from a multi-year low of 6.2 million barrels per day in June, according to a report. Depressed Chinese demand has been a key factor holding back oil prices amid the Middle East blockades.
Developing· 3/51 source · cannot be ConfirmedThe Zioneer Intelligence Desk
A supermarket chain announced Tuesday morning that it is removing cash registers from its branches, according to N12 News. The company did not provide details on the timeline or whether the shift involves cashless payments or self-checkout.
The spokesman for the Iranian parliament's Health Committee, Salman Eskhaki, warned Tuesday that Iran is facing a severe and critical shortage of medicines, alongside rising prices due to difficulties in importing raw materials, according to Iranian media reports. Eskhaki called for a plan to strengthen domestic pharmaceutical production and ensure stable supply for the public.
Sever Plotzker assesses in Yediot Ahronot that Iran's war-sustaining capacity is limited to a few more weeks, with cumulative economic damage reaching $200 billion — at least half of annual GDP. He notes that even subsidized essentials are rising 180% annually, with no wage indexing, and the Islamic Republic is in rapid collapse outside Tehran's wealthy districts.
Economy Minister Nir Barkat announced Tuesday that Israeli exports reached an all-time high of $169 billion over the past year, and set a target to grow the figure to $1 trillion within 20 years, according to a statement from his office.
The Affinity fund, led by Jared Kushner, is selling a 25% stake in the Israeli insurance company Phoenix for approximately $1.05 billion, months after becoming its largest shareholder, according to reports.
Seoul's KOSPI index plunged 11% in Tuesday morning trading, led by sharp declines in semiconductor stocks, and Tokyo's Nikkei fell 4%. Oil prices edged lower, according to N12 business reporter Yuval Shadmi.
Johnson & Johnson announced it will pay $5.5 billion to settle approximately 69,000 lawsuits alleging its baby talc and other talc products caused cancer. The company said the settlement covers 99.75% of all pending cases, including those in federal and state courts.
2 sources· 2 developments· 05:21–07:02
The Zioneer Intelligence DeskInitially reportedUpdated3 hours ago
U.S. Trade Representative Jamieson Greer said Tuesday that the new tariffs will not cause an economic impact beyond what is already felt, according to N12. Greer was seeking to calm concerns after the announcement of fresh tariffs on trading partners.
Lebanon proposed a transit route for Iraqi oil exports through its territory to the Mediterranean, bypassing the Strait of Hormuz, during talks in Baghdad, according to The National. The proposal aims to rebuild economic ties and provide an alternative export route for Iraq, said Mudhier Mohammed Saleh, a financial advisor to Iraqi Prime Minister Ali al-Zidi.
Users report that Verizon, AT&T, and T-Mobile services are experiencing outages across the United States early Tuesday. The cause and scope of the disruptions are not yet known.
Fiverr has abandoned its planned relocation from central Tel Aviv to Wix's Glilot campus, ending a 4,500-square-meter office deal. The collapse also cools speculation about deeper ties between the two Israeli tech companies, according to a report.
The Israeli shekel strengthened against the dollar and euro in Monday afternoon trading, with the Bank of Israel fixing the representative dollar rate at 3.040 shekels, down 0.72%, and the euro at 3.461 shekels, down 0.74%, according to N12 financial reporter Lior Bakalo. The move comes amid expectations of de-escalation in the Gulf.
N12 journalist Lior Bakało reports that the Histadrut labor federation, SAP management, and the workers' committee signed a new three-year collective agreement covering approximately 800 employees in the company's R&D labs and sales division. The deal includes improved retirement terms, a grant of up to 33 salaries, increased welfare budgets, and regulation of work-from-home arrangements.
Reports indicate that the fuel shortage affecting Arab gas stations across Judea and Samaria persists. No further details on the scope or cause have been provided.
Channel 12's economic correspondent Lior Bakalo reports that the net profit margin in Israel fell to 4.9% in 2025, down from 8.7% in 2024, following the US decision to cancel the tariff exemption on small packages. The data highlights the impact of US trade policy changes on Israeli businesses.
Chinese e-commerce giant Shein reported a net loss of $99 million for the first quarter of this year, according to the company's filing ahead of its planned listing on the Hong Kong Stock Exchange. Israeli media outlet N12 reported the figures.
According to Abu Ali Express, a new type of ceiling fan for tents in Gaza has been introduced that operates without electricity. Further details on the technology and availability are not yet available.
Ella Rosenberg, a counter-terror financing expert, warned Monday that Israeli banks' exposure to Palestinian Authority money transfers could lead to loss of access to Euro transfers via Deutsche Bank and USD transfers via Citigroup. She cautioned that cutting off PA bank transfers entirely would push the Authority to cash, forex, and cryptocurrency, reducing oversight of money laundering and terror financing.
2 sources· 2 developments· 09:49–09:57
The Zioneer Intelligence DeskInitially reportedUpdated24 hours ago
