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A fresh US-Iran flare-up pushed oil prices higher, and investors this week raised expectations for Bank of England hikes in 2026, BofA strategists said. They flagged the UK’s continued high sensitivity to global oil-price shocks as prompting a repric

2026-07-10

A fresh US-Iran flare-up pushed oil prices higher, and investors this week raised expectations for Bank of England hikes in 2026, BofA strategists said. They flagged the UK’s continued high sensitivity to global oil-price shocks as prompting a repricing of rate expectations. London Stock Exchange Group data show the market now prices a total of 27bp of Bank of England hikes for 2026, up from 20bp a week earlier.

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2026-07-10

China's National Energy Administration issued the Energy Sector Energy Saving and Carbon Reduction Action Plan (2026–2028), directing optimization of transmission corridors to better allocate green resources. The plan mandates scientific optimization

China's National Energy Administration issued the Energy Sector Energy Saving and Carbon Reduction Action Plan (2026–2028), directing optimization of transmission corridors to better allocate green resources. The plan mandates scientific optimization of national power flows and orderly planning and construction of clean‑energy bases — including desert and marginal land sites — and cross‑provincial/interregional transmission corridors, and promotions integrated hydro‑wind‑solar projects. It calls for tapping transmission corridors' export potential, optimizing operation, exploring advanced transmission technologies, steadily increasing corridors' capacity and proportion for clean‑energy delivery, and studying/piloting 100% renewable export transmission projects.
2026-07-10

U.S. Central Command: Iran does not control the Strait of Hormuz. Since early May, the U.S. military has been assisting in ensuring the safety of navigation along this vital international trade route, with more than 800 merchant ships and 380 million

U.S. Central Command: Iran does not control the Strait of Hormuz. Since early May, the U.S. military has been assisting in ensuring the safety of navigation along this vital international trade route, with more than 800 merchant ships and 380 million barrels of crude oil successfully passing through the strait.
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