Equinor said the decision reflects a strategic reassessment and a further shift toward integrated power markets.

Gold closed below $4,000 yesterday for the first time since November as sustained selling in gold ETFs and investor reallocations outweighed ongoing central bank buying. Market participants say the Iran conflict is a net headwind for the metal. Several banks cut PTs but still see gold significantly higher by year‑end; Goldman calls for a rebound to $4,900. Some analysts warn current rate‑hike expectations may be overdone and could spark a recovery. Short‑term volatility looks set to persist into Q3. With oil proving resilient amid the conflict and global inflation rising — factors that could prompt further rate hikes and shift funds into yield‑bearing assets — gold is likely to remain under pressure.

Indian oil minister met Iran's oil minister to explore cooperation opportunities in the energy sector.