Ineffable, an AI startup founded by former DeepMind AlphaGo lead David Silver, said it has selected Google Cloud as the infrastructure partner for its frontier AI lab and will deploy a large A5X cluster built on the AI Hypercomputer architecture. The setup will use Nvidia’s forthcoming Vera Rubin NVL72 GPUs. The project is backed by a $1.1bn seed round billed as Europe’s largest, despite the company having no product or revenue.

Abakkus Asset Manager fund manager Aman Chowhan said crude oil is the dominant macro risk, and prices could stay around 80 even if Iran reaches a deal. He said elevated oil could deliver a 100–200 bps hit to FY27 corporate earnings, with the impact likely to show up in June-quarter results as inventory buffers fade. Chowhan added that the pressure is expected to come more through margins than weaker demand.

Global gold ETFs posted a fifth consecutive week of net outflows, with $4.27 billion leaving in the latest week— the biggest weekly withdrawal so far this year—led by more than $1.5 billion redeemed in the U.S. Gold briefly slipped below $4,200 an ounce before rebounding to around $4,320 after the U.S. and Iran agreed to pause their conflict and sign an agreement, but it is still down nearly 23% since late February. The report said investors rotated toward crude oil and other commodities, while inflation data, revived rate-hike fears and higher bond yields weighed on the metal.

The gold-silver ratio has climbed back to 62 after dipping in May, and Tata Mutual Fund expects it to move toward 68, a signal that gold could outperform silver. On MCX, August gold futures rose 0.09% to ₹1,53,060 per 10 grams, while silver futures slipped 0.4% to ₹2,51,130 per kg. The outlook is being shaped by uncertainty around the US–Iran situation, continued central-bank gold buying including India’s 72.6-tonne purchase in 2024, and near-term pressure on silver’s industrial demand.

India’s government said using E20 fuel will not lead to motor insurance claim rejections, and dismissed viral posts alleging otherwise. It also said higher ethanol-blended petrol variants—E22, E25, E27 and E30—will be exempt from central excise duty to accelerate the rollout of higher blends. The move is part of a longer-term push to reduce reliance on imported crude oil, which accounts for about 85% of India’s needs, and may add to expectations of structurally weaker demand for refined fuels.

Britain announced a new round of sanctions on Russia, adding 70 entities and tightening measures against Moscow’s “shadow fleet” involved in illegal oil and gas shipments. The package targets financial institutions including Yandex Bank and Rosgosstrakh, as well as networks linked to military intelligence procurement. It also marks the first time a G7 country has sanctioned ships associated with Russia’s Arctic LNG 2 project.

Voters in Aberdeen South head to the polls on Thursday in a byelection that has turned into a test of UK policy on North Sea oil and gas. Conservatives and figures in the energy industry have criticised Labour’s position of banning new licences to explore for oil and gas, arguing it risks jobs, tax receipts and increases reliance on imports. A Conservative win would be read as a political signal on the direction of policy, shaping near-term market expectations for North Sea output. The vote does not involve any immediate change in production or a supply disruption, but it has become a political catalyst for short- to medium-term sentiment in crude oil.

Chiliz (CHZ) leads the digital asset sector on June 15, 2026, printing an exceptional surge fueled by massive transaction volumes across international sports token networks.