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Easing Middle East tensions and an imminent peace agreement have driven crude sharply lower, deepening its negative adjustment. Zhuochuang Info calculates the oil adjustment rate at -10.72% at the close on June 16 (ninth working day), implying a roug

2026-06-17

Easing Middle East tensions and an imminent peace agreement have driven crude sharply lower, deepening its negative adjustment. Zhuochuang Info calculates the oil adjustment rate at -10.72% at the close on June 16 (ninth working day), implying a roughly 475 yuan/ton cut to gasoline and diesel. With one trading day before the pricing window, a large retail fuel price reduction at 24:00 on June 18 is likely and the final cut could exceed 500 yuan/ton. If implemented, this would be the first consecutive retail price decline in China this year.

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2026-06-17

G7 leaders will initially focus on lithium and nickel as priority critical minerals, aiming to avoid undermining competitiveness or imposing excessive cost burdens.

G7 leaders will initially focus on lithium and nickel as priority critical minerals, aiming to avoid undermining competitiveness or imposing excessive cost burdens.
2026-06-17

British Prime Minister Starmer: Discussed security issues in the Strait of Hormuz with insurance companies.

British Prime Minister Starmer: Discussed security issues in the Strait of Hormuz with insurance companies.
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