Energy:
1. Iran lifts export ban on petrochemical products.
2. Kpler: No LNG ships have passed through the Strait of Hormuz for three consecutive days.
3. According to Reuters calculations: Russia's seaborne refined petroleum product exports fell 27% month-on-month in June.
4. The UAE adjusts its offshore crude oil pricing mechanism to support deliveries outside the Strait of Hormuz.
5. Nigeria's crude oil production in June hit a new high since 2020, exceeding OPEC quotas.
6. Iran's Ministry of Oil's official website Shana: Iran and Russia are close to finalizing a natural gas trade agreement.
7. Iran's Oil Minister stated that despite the US canceling waivers, Iran's oil exports will continue as normal.
8. OPEC Monthly Report: Global crude oil demand is projected to be 105.94 million barrels per day in 2026 and 107.88 million barrels per day in 2027.
9. OPEC Monthly Report: The 2026 global oil demand growth forecast was lowered to 780,000 barrels per day (bpd) (previously 970,000 bpd), while the 2027 global oil demand growth forecast was raised to 1.94 million bpd (previously 1.73 million bpd). OPEC+ crude oil production (including former member UAE) averaged 36.28 million bpd in June 2026, an increase of approximately 3 million bpd from May, mainly due to increased production from Gulf oil-producing countries.
Agriculture/Mining:
1. Indian Ministry of Trade: India's gold imports in June amounted to $1.97 billion.
2. Brazil reportedly plans to introduce new regulations to open uranium mining to private partners.
3. Market News: The EU imposed a ban on the purchase, import, and transfer of Sudanese gold.
4. Sources: Following the attack on oil tankers in Ukraine, shipping on the Sea of Azov, a major grain trade route, remained restricted on Monday.
Iran Situation:
1. UAE reports attacks on two oil tankers, resulting in 1 death and 8 injuries.
2. Iran's Revolutionary Guard launched Operation Nasr 2.
3. Iran's Straits Authority: Resumption of traffic depends on stabilization of the situation.
4. Iran's Islamic Revolutionary Guard claimed to have attacked and destroyed two "illegal vessels."
5. According to the Financial Times: Dubai plans to build a new port to bypass the Strait of Hormuz.
6. Iran rushed to ship crude oil before the blockade was reinstated; several oil tankers secretly transited the Strait of Hormuz.
7. Trump announced the reinstatement of the blockade against Iran, imposing a 20% fee on cargo transport through the Strait of Hormuz.
8. The US military will begin implementing a maritime blockade of all Iranian ports and the Iranian coast at 04:00 Beijing time on July 15. The blockade applies to all vessels.
