Energy:
1. US gasoline prices broke the $4 mark again after a month.
2. Gulf Cornerstone Oil Company: Due to changes in the regional security situation, it has temporarily suspended production as a security precaution. Company assets were unaffected, and the latest daily production at the Shaykan oil field has exceeded 45,000 barrels per day.
3. Caspian Pipeline Alliance: Oil shipments, after a brief resumption following another attack on tankers on July 20, have been suspended again.
4. The B50 policy has been a great success; Indonesia will completely stop importing diesel fuel starting in July 2026.
5. According to Interfax: Gazprom's Saravat petrochemical plant has restored some facilities damaged in the drone attack.
6. Iraq's National Oil Corporation sought to purchase diesel fuel for the first time in over a year.
7. Nigerian regulators stated that they expect oil production to double by 2030.
8. US Strategic Petroleum Reserve crude oil inventories fell to their lowest level since March 1983. 9. Goldman Sachs: Brent crude oil prices could break $120/barrel in the fourth quarter of 2026 if the Strait of Hormuz remains volatile.
Agriculture/Mining:
1. Russia's gold reserves fell to 73.4 million ounces in June.
2. The Trump administration encourages companies to invest in aluminum smelters in the US, with the possibility of halving aluminum tariffs.
3. Hong Kong and Laos signed a memorandum of understanding to promote cooperation in the gold market and financial services.
Iran Situation:
1. The Houthi rebels announced a maritime embargo against Saudi Arabia.
2. Iranian Foreign Ministry spokesperson: Iran may negotiate with the US based on national interests; Iran's sovereign rights in the Strait of Hormuz are non-negotiable.
3. A senior Iranian source stated that mediators have proposed a 10-day moratorium to explore ways to restore the interim agreement between Iran and the US.
4. Kpler: Four commodity ships passed through the Strait of Hormuz on Monday, fewer than the seven the previous day.
Other: 1. The United States announced a 50% tariff on some Canadian products, but the tariff does not apply to energy products, potash fertilizer, fish, and critical minerals.
