The office of Qatar's emir said the emir and Pakistan's prime minister discussed regional developments, focusing on US-Iran diplomatic talks.

Domestic News: 1. National Development and Reform Commission: National electricity load hit a record high of 1.518 billion kilowatts. 2. Ministry of Commerce and General Administration of Customs: Temporary export ban implemented on helium. 3. 369 million inbound and outbound trips in the first half of the year, up 10.8% year-on-year, a record high. 4. National Energy Administration issued the "Action Plan for Energy Conservation and Carbon Reduction in the Energy Sector (2026-2028)". 5. Long March 10B carrier rocket successfully achieved controlled recovery of its first stage, and is expected to complete a reuse flight of the first stage rocket by the end of this year. 6. According to CCTV: Li Qiang chaired an executive meeting of the State Council, heard a report on the construction of Digital China, and studied relevant work on the cultivation of emerging pillar industries. 7. The State Council issued its approval of the "15th Five-Year Plan for the Revitalization and Development of Traditional Chinese Medicine," agreeing in principle to the plan. International News: 1. Russia suspends shipping through the Don-Sea of Azov waterway. 2. Japan urges pension funds to increase domestic investments, causing the yen to strengthen. 3. The EU escalates its investigation into Meta, potentially jeopardizing its platforms with hefty fines. 4. Trump: Will not sign the housing bill unless the "Save America Act" is passed. 5. IEA Monthly Report: Lowers its 2026 global oil supply reduction forecast from 3.9 million barrels per day to 3.7 million barrels per day. 6. Federal Reserve Semi-Annual Report: Previously strong inflation accelerated further in the spring. Prepared to use all available tools to achieve the dual mandate. 7. SK Hynix shares rose 14% on its first day of trading in the US, opening at $170, compared to its IPO price of $149. 8. Middle East Situation— ① Iran: Any attack on Iran will result in Israeli retaliation. ② US Media: Iran claims the Hormuz attack on the ship was due to "internal error." ③ Qatari representatives arrive in Iran for emergency mediation; Iran demands an explanation regarding its allegations in the Strait of Hormuz. ④ Israeli sources: Trump currently does not want Israel to participate in the war due to concerns about losing control. ⑤ Trump: Agreed to continue negotiations with Iran, but the ceasefire has ended. ⑥ Iranian media denied reports that the US and Iran will hold talks next week. ⑦ Sources: The US, Iran, Pakistan, and Qatar will hold a four-way call. ⑧ The US demanded that Iran commit to ceasing fire on ships in the Strait of Hormuz by Saturday.

Russia's decision this week to ban diesel exports has roiled global energy markets, exacerbating diesel shortages and driving prices soaring, even affecting countries that no longer purchase the fuel from Moscow. Diesel accounts for the largest share of global oil consumption, and its price surge could have repercussions for the global economy due to its wide range of uses—from industrial machinery and agricultural equipment to heavy transport and power generation. According to Kpler data, Russian diesel and crude diesel loadings averaged only 234,000 barrels per day from July 1 to 10, down from 400,000 barrels per day in June and the projected 817,000 barrels per day by 2025. Gulf oil consultant Tom Kloza stated that renewed conflict in the Middle East, coupled with Russia's halt to diesel exports and a shocking report from the U.S. Energy Information Administration (EIA), has squeezed distillate sellers out of the market. Vortexa analyst Mick Strautman stated that reduced Russian diesel exports mean less available global supply, forcing regular customers like Brazil and Turkey to compete with European countries and other importers for U.S. supplies. This could have ripple effects on the power and agricultural sectors. If Turkey retains its own production for domestic use, the Mediterranean region will lose a source of diesel fuel for power generation during the peak summer electricity demand period. Rising diesel prices also mean that farmers' operating costs could increase before the Southern Hemisphere planting season and the Northern Hemisphere harvest season – farmers in Brazil and the US Midwest will compete for the same supplies. Chillin Tam, head of refining at consulting firm FGE NexantECA, said that when the Strait of Hormuz was blocked, the US became the EU/UK's preferred diesel supplier, but now every barrel it sends to Latin America means one less barrel sent to Europe. And this is happening at a time when diesel inventories in the US and the ARA region (Amsterdam-Rotterdam-Antwerp) are already far below historical levels for this time of year.