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Oil climbs on EU trade deal, potential US-China tariff truce extension
By Anjana Anil (Reuters) -Oil extended gains on Tuesday, lifted by hopes of improved economic activity after the U.S.-EU trade deal, a potential U.S.-China tariff truce and President Donald Trump's shorter deadline for Russia to end the Ukraine war. Brent crude futures were up 24 cents, or 0.34%, to $70.28 a barrel by 0000 GMT, while U.S. West Texas Intermediate crude was at $66.93 a barrel, up 22 cents, or 0.33%. Both contracts settled more than 2% higher in the previous session, and Brent touched its highest level since July 18 on Monday. The trade agreement between the United States and the European Union, while imposing a 15% import tariff on most EU goods, sidestepped a full-blown trade war between the two major allies that would have rippled across nearly a third of global trade and dimmed the outlook for fuel demand. Oil prices were also supported by news of a possible extension of the trade truce between the U.S. and China, with top economic officials from both countries having met in Stockholm on Monday for more than five hours of talks. The discussions are expected to resume on Tuesday. Meanwhile, Trump set a new deadline on Monday of "10 or 12 days" for Russia to make progress toward ending the war in Ukraine or face sanctions. Trump has threatened sanctions on both Russia and buyers of its exports unless progress is made. "Trump's comments reignited fears that Russia's oil flows would be impacted," ANZ senior commodity strategist Daniel Hynes wrote in a note. "This also comes on the back of the latest sanctions package by the EU against Russia, including a lower price cap on the country's crude and the import of refined products made from Moscow's oil in other countries," Hynes added. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
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Agents Stack Enhances Singapore's Digital Defenses with AI-Powered Cybersecurity and Digital Trust Solutions
SINGAPORE, July 29, 2025 /PRNewswire/ -- Agents Stack, a leading AI-powered consulting firm founded by visionary entrepreneur Aanchal Gupta, accelerates operations in Singapore, its global headquarter. Amidst rising cyber threats across critical infrastructure, including government and educational institutions, Agents Stack delivers advanced, AI-powered solutions. Cybersecurity resilience and digital trust are central to its mission, recognizing the crucial role of AI and robust defenses in safeguarding sectors like banking, telcos, energy, power, manufacturing, and maritime against sophisticated attacks. Agents Stack's comprehensive portfolio addresses critical business pain points, including AI-driven cybersecurity & cloud optimization, ESG & sustainability consulting, Government GIS, MES & ERP modernization, and end-to-end AI transformation. The firm actively supports Singapore's forward-thinking digital agenda, aligning seamlessly with the nation's ambitious Smart Nation initiative. "Singapore's relentless pursuit of innovation, robust regulatory environment, and proactive stance on responsible AI development make it the ideal global base for Agents Stack," said Aanchal Gupta, Founder of Agents Stack. "Our ethos, 'Efficiency through AI, guided by human experience and discipline of data,' perfectly complements Singapore's vision for a secure, ethical, and highly advanced digital future. We are proud to be an active part of Singapore's vibrant tech ecosystem, contributing to the nation's cybersecurity and growth." Agents Stack brings decades of global experience across AI, Cyber, ESG, MES, ERP, and GIS domains. Its diverse ASEAN team, including Singaporean talent, delivers highly trained AI teams and robust solutions, ensuring customers retain full IP ownership. The firm is deeply committed to nurturing local expertise through its Talent Incubation Program. Key focus areas for Singapore include: Cybersecurity & Digital Trust: Fortifying defenses for critical infrastructure, government, and enterprises. AI Governance & Responsible Innovation: Ensuring ethical AI development and data discipline. Sustainable Finance & Green Economy: Supporting ESG integration and low-carbon transition. Smart Nation & Urban Solutions: Leveraging GIS for smart city evolution. Enterprise Agility & Frontline Empowerment: Driving operational excellence and user adoption. Agents Stack is actively working with global conglomerates from Asia, further solidifying Singapore's position as a beacon of digital innovation and security. About Agents Stack Founded by visionary entrepreneur Aanchal Gupta, Agents Stack is a future-focused consulting firm specializing in AI-driven solutions. The company provides transformative services in cybersecurity, cloud optimization, ESG efficiency, GIS-based utilities, MES, ERP, and compliance AI, empowering businesses to navigate complexity, enhance operational excellence, and achieve sustainable growth. For more information, visit View original content to download multimedia: SOURCE Agents Stack Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
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Trump-Xi Meeting On Horizon As US-China Hold Marathon 5-Hour Trade Talks In Stockholm
Top economic officials from the United States and China met in Stockholm on Monday to discuss extending the trade truce between the two nations. This meeting is crucial as it aims to resolve ongoing economic disputes that have been central to the trade war between these global economic powerhouses. What Happened: U.S. Treasury Chief Scott Bessent and China's Vice Premier He Lifeng were among the key figures present at the meeting, which took place at Rosenbad, the Swedish prime minister's office, reported Reuters. The discussions, which lasted over five hours, are part of efforts to extend a trade truce by three months. China faces an August 12 deadline to finalize a durable tariff agreement with President Donald Trump's administration. Negotiators left the venue around 8 p.m. without speaking to reporters, and discussions are set to continue on Tuesday. During a press conference in Scotland, Trump expressed his desire for China to open up its economy. Without an agreement, global supply chains could face disruptions due to potential U.S. duties returning to high levels. U.S. Trade Representative Jamieson Greer told CNBC he did not anticipate a major breakthrough but expected continued monitoring of the agreement's implementation and groundwork for future trade enhancements. S. temporarily paused tech export restrictions to China to support trade talks and Trump's planned meeting with Xi, according to an earlier report. The Commerce Department delayed enforcement actions to avoid disrupting negotiations. The move could boost semiconductor giants like Nvidia and AMD, though national security experts raised concerns about compromising America's AI edge. This meeting in Stockholm marks the third encounter this year between Bessent and Chinese Vice Premier He. The discussions are crucial in maintaining current tariff levels while both nations work towards a potential meeting between their leaders later in the year. Recently, Trump announced a 15% tariff trade agreement with the European Union, ending months of trade uncertainty. This agreement marked a significant drop from the previously threatened 30% tariff. The EU will not impose a tariff on U.S. imports, bringing stability and predictability for businesses on both sides of the Atlantic. Additionally, Trump recently declared a monumental $550 billion trade agreement with Japan, which is expected to create hundreds of thousands of jobs. This deal will see Japan investing heavily in the U.S., with America receiving 90% of the profits. Japan will also open its markets to U.S. products while agreeing to a reciprocal tariff of 15% on U.S. imports. Check This Out: Lawmakers Made Huge Investments This Year. Get Tips On What They Bought And Sold Ahead Of The 2024 Election With Our Easy-to-Use Tool Photo Courtesy: Engineer studio on This story was generated using Benzinga Neuro and edited by Shivdeep Dhaliwal Up Next: Transform your trading with Benzinga Edge's one-of-a-kind market trade ideas and tools. Click now to access unique insights that can set you ahead in today's competitive market. Get the latest stock analysis from Benzinga? APPLE (AAPL): Free Stock Analysis Report TESLA (TSLA): Free Stock Analysis Report This article Trump-Xi Meeting On Horizon As US-China Hold Marathon 5-Hour Trade Talks In Stockholm originally appeared on © 2025 Benzinga does not provide investment advice. All rights reserved. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
