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According to the General Administration of Customs, China's crude oil imports in June totaled 29.272 million tons, compared to 33.081 million tons in May.

2026-07-14

According to the General Administration of Customs, China's crude oil imports in June totaled 29.272 million tons, compared to 33.081 million tons in May.

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2026-07-13

President Trump said Iran "always breaks agreements" and vowed to "hit them hard." He said most of Iran's equipment, including its air-defence guns, is gone and that US forces strike decisively when Iran sends drones. Trump said previously deals with

President Trump said Iran "always breaks agreements" and vowed to "hit them hard." He said most of Iran's equipment, including its air-defence guns, is gone and that US forces strike decisively when Iran sends drones. Trump said previously deals with Iran were repeatedly violated — "we've made deals with these people 10 times" — and that the US will control, and likely dominate, the Strait of Hormuz. He added the US has been defending the strait for free, will act as its "guardian angel," and only seeks to recoup costs and be compensated for risks taken in the waterway.
2026-07-13

Financial Times, citing people familiar with the matter, reports DP World is planning a new port and container terminal on the UAE’s east coast to reduce reliance on flagship Jebel Ali and to provide a route that avoids the Strait of Hormuz. The Duba

Financial Times, citing people familiar with the matter, reports DP World is planning a new port and container terminal on the UAE’s east coast to reduce reliance on flagship Jebel Ali and to provide a route that avoids the Strait of Hormuz. The Dubai-headquartered operator is in talks to develop a new multipurpose port on Fujairah’s coast and to add a container terminal at the existing local port. Over the past two decades DP World has built a large global ports and logistics footprint, but Jebel Ali remains the group’s and Dubai’s core asset; shifting some throughput offshore would be material for Dubai’s trade and financial hub positioning.
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