Hormuz Blockade In Force, UAE Tankers Burn and Softer US Inflation Eases Rate Hike Fears 

Headline news for July 15, 2026: The US naval blockade on Iran is now in force as of four this morning Singapore time. Two UAE tankers are set ablaze and one mariner killed as Iran strikes commercial vessels for the fourth consecutive day. US inflation comes in softer than expected, easing fears of a near-term Federal Reserve rate hike. 

Synopsis: A round up of global headlines to start your day by The Business Times. 

Written by: Claressa Monteiro (claremb@sph.com.sg)

Produced and edited by: Claressa Monteiro or Nicole Teo

Produced by: BT Podcasts, The Business Times, SPH Media

Produced with AI text-to-speech capabilities

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