July 20, 2026
United States:
US Gasoline Tops $4 a Gallon Again as Iran War Escalates
US gasoline prices at the pump climbed back above the $4-a-gallon mark as the Middle East conflict intensified, threatening to exacerbate a global crunch for transportation fuels and stoke inflation.
Regular unleaded gasoline averaged $4.003 a gallon, according to daily prices posted by the American Automobile Association, after hovering for a month below the painful threshold for drivers.
Europe:
Euro-Area Firms Faced Rising Interest Rates in Second Quarter
Euro-area firms were confronted with higher interest rates and tighter lending conditions in the second quarter when the Iran war clouded the region’s economic outlook, according to a survey published by the European Central Bank.
Firms signaled a small increase in financing needs, at a time when loan availability rose for larger businesses but declined for small and medium sized enterprises, the ECB said Monday.
Asia:
China’s LNG Imports Rise a Second Month as Demand Recovers
Chinese imports of seaborne gas jumped in June, as the world’s biggest buyer ramped up purchases in preparation for a spike in summer demand, even as war in the Middle East curbs global supply.
Deliveries of liquefied natural gas rose 8.3% year-on-year to 5.68 million tons, a second consecutive monthly increase, according to customs data.
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