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OPEC's monthly report on Monday lowered its 2026 global oil-demand growth forecast to 780,000 bpd, marking the third consecutive downgrade. The group said the Iran war will have a smaller impact on oil consumption than other agencies expect; the IEA

2026-07-13

OPEC's monthly report on Monday lowered its 2026 global oil-demand growth forecast to 780,000 bpd, marking the third consecutive downgrade. The group said the Iran war will have a smaller impact on oil consumption than other agencies expect; the IEA projects a demand decline in 2026. OPEC raised its 2027 global demand growth forecast.

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2026-07-13

REUTERS SURVEY: Economists expect the BOC will not change its interest rate policy before 2027.

REUTERS SURVEY: Economists expect the BOC will not change its interest rate policy before 2027.
2026-07-13

Iran foreign ministry spokesman Baghaei said on July 13 Tehran will avenge the slain Iranian Supreme Leader Ali Khamenei and all Iranians killed or wounded in US and Israeli attacks, calling revenge "a basic principle and a common public demand." He

Iran foreign ministry spokesman Baghaei said on July 13 Tehran will avenge the slain Iranian Supreme Leader Ali Khamenei and all Iranians killed or wounded in US and Israeli attacks, calling revenge "a basic principle and a common public demand." He said the ministry is recording alleged crimes through international legal channels and seeking justice. Baghaei accused the US of pressing Oman, saying a planned Iran‑Oman Strait of Hormuz joint management mechanism failed because of US pressure. After four rounds of US‑Iran exchanges last week, he warned Tehran will not hesitate to defend itself and that any foreign territory used to attack Iran will be included within the scope of its defensive strikes.
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