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China's State Council approved a Plan to Expand Consumption for the 15th Five-Year Plan period, calling for a reasonable increase in public consumption and higher public-service spending on education, healthcare and elderly care. The plan directs opt

2026-07-13

China's State Council approved a Plan to Expand Consumption for the 15th Five-Year Plan period, calling for a reasonable increase in public consumption and higher public-service spending on education, healthcare and elderly care. The plan directs optimization of the childcare subsidy system and the deeper rollout of demonstration pilots for childcare-service subsidies. It also mandates a universal basic public-health initiative and measures to improve basic medical services, and instructs government procurement policies to support SMEs.

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2026-07-13

According to Axios, citing U.S. officials, approximately 20 merchant ships passed through the Strait of Hormuz in coordination with the U.S. military in the past 24 hours, while several other vessels passed without coordination with the U.S. military

According to Axios, citing U.S. officials, approximately 20 merchant ships passed through the Strait of Hormuz in coordination with the U.S. military in the past 24 hours, while several other vessels passed without coordination with the U.S. military.
2026-07-13

Energy 1. Kuwait lowered its August crude oil price forecast for Asia. 2. South Africa plans to increase its strategic oil reserves to address supply risks. 3. Iraqi Prime Minister visits Washington on Monday, expected to sign an oil and gas agree

Energy 1. Kuwait lowered its August crude oil price forecast for Asia. 2. South Africa plans to increase its strategic oil reserves to address supply risks. 3. Iraqi Prime Minister visits Washington on Monday, expected to sign an oil and gas agreement. 4. Tensions in the Middle East escalate again; European jet fuel inventories have less than a month's supply. 5. EU imports from Russia's flagship LNG project hit a record high in the first half of this year. 6. Eni CEO: If the Middle East conflict continues, the oil market may break out of its current range in early 2027. 7. Goldman Sachs: Recent attacks highlight the uncertainty of the Gulf region's export prospects, and a serious escalation could exacerbate the risk of short-term price increases. Future expansion of pipeline capacity bypassing the Strait of Hormuz would pose a downside risk to the long-term price assumption of $76 per barrel. Iran Situation 1. Iran launches large-scale attacks on US military targets in the region. 2. Iranian Revolutionary Guard announces closure of the Strait of Hormuz. 3. US Central Command: Completed another round of strikes against Iran, deploying unmanned surface vessels for the first time. 4. Data shows that after the resumption of hostilities between the US and Iran, ships secretly passed through the Strait of Hormuz with their transponders off. 5. EU High Representative for Foreign Affairs and Security Policy, Karas: No tolls or fees should be charged for passage through the Strait of Hormuz. 6. Iranian Revolutionary Guard: Striked US military facilities in Bahrain and destroyed radar systems in Oman. Other: 1. The US plans to significantly increase its sugar imports from Mexico to 1.15 million tons.
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