Here is what some others are talking about this morning:
Iran ordered a sharp increase in oil output to take immediate advantage of the lifting of international sanctions, and some foreign firms raced to snap up deals as Tehran emerges from years of international isolation.
Asian stocks were subdued following a retreat in European shares overnight, while crude oil prices remained bearish following the lifting of sanctions against major producer Iran.
China is expected to report its weakest quarterly economic growth in nearly seven years, adding pressure on policymakers to take bolder steps to ward off fears of a sharper slowdown that are jolting global financial markets.
The commodity meltdown that pushed oil to a 12-year low and copper to the cheapest since 2009 isn’t over yet. At least, that’s how hedge funds see it.
Oil’s plunge and the impact on the global economy is hurting many a billionaire. Indian tycoon Mukesh Ambani isn’t one of them.