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Brent crude oil fell $0.80 in the short term, down 2.00% on the day, and is currently trading at $86.76 per barrel.

2026-06-12

Brent crude oil fell $0.80 in the short term, down 2.00% on the day, and is currently trading at $86.76 per barrel.

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2026-06-12

Zhao Leji met Singapore parliament speaker Xie Jianping in Beijing on the 12th. Zhao said China will deepen high-level political mutual trust and firm support each other's core interests and major concerns. The two sides agreed to align development p

Zhao Leji met Singapore parliament speaker Xie Jianping in Beijing on the 12th. Zhao said China will deepen high-level political mutual trust and firm support each other's core interests and major concerns. The two sides agreed to align development plans and use bilateral coordination mechanisms to expand cooperation in AI, the digital economy, clean energy and technology innovation, and to pursue high‑quality joint Belt and Road projects. They also pledged closer multilateral coordination to defend the multilateral trading system and safeguard stable, open supply and production chains.
2026-06-12

UK-based maritime analytics firm Windward said satellite and other data show a small number of vessels were still transiting the Strait of Hormuz. Windward’s multi-source analysis showed that at UTC 02:10 on the 11th (Beijing 10:10) three vessels wer

UK-based maritime analytics firm Windward said satellite and other data show a small number of vessels were still transiting the Strait of Hormuz. Windward’s multi-source analysis showed that at UTC 02:10 on the 11th (Beijing 10:10) three vessels were in the deep-water channel with AIS switched off; two were heading northwest and one north. Public AIS records showed five transits on the 10th–11th: four coastal vessels under 80m exited the Persian Gulf and one general cargo vessel entered the Gulf. Iran’s Persian Gulf Strait Administration said the strait was temporarily closed citing tensions caused by US military activity, and Iran’s armed forces warned violators would be targeted. US Central Command later said the strait remained open to navigation.
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