U.S. imports of finished petroleum products for the week to July 24 were 186,000 b/d, down from 280,000 b/d the prior week, EIA data showed.

Domestic News: 1. Changxin Technology will be included in the MSCI China All Shares Index on August 10. 2. The Ministry of Commerce released its "China's Position on the So-Called 'Overcapacity' Issue." 3. Two departments adjusted the urban land use tax policy for some energy and resource enterprises. 4. The State Taxation Administration: Tax authorities collected a total of 16.7 trillion yuan in taxes and fees in the first half of the year. 5. The Ministry of Commerce answered questions regarding the WTO panel report on China's dispute with Turkey over restrictions on electric vehicles and other vehicles. International News: 1. South Korea's KOSPI index fell below 6,000 points, down more than 30% from its June peak. 2. Trump met with Zelensky, focusing on Patriot missile production. 3. OPEC+ representative: Production is expected to remain stable until 2026 after September. 4. Iranian Foreign Minister: Ukraine assured that the attack on Iranian ships was "not intentional, and Ukraine is not seeking escalation." Iran demands compensation from Ukraine. 5. Overnight Market Update—US storage stocks continued their sharp decline, recovering somewhat after Seagate released its earnings report after the market closed; Apple's market capitalization surpassed $5 trillion; US Treasury yields fell by about 5 basis points; international crude oil fell 4%; and spot gold and silver fell 1% and 2% respectively. 6. Middle East Situation— ① Oman proposed a Strait of Hormuz management plan to Iran: joint regional management and voluntary funding by users. ② Iranian Deputy Foreign Minister: Proposed negotiations with Oman on temporary navigation routes in the Strait of Hormuz, suggesting that Iran control most of the strait's waterways. ③ US Official: The strait navigation coordination plan does not involve tolls. ④ Yemen's Houthi rebels claimed to have attacked a Saudi-flagged oil tanker. ⑤ Israeli media: Mediators believe they are close to reaching a breakthrough agreement, potentially restarting the memorandum of understanding signed by the US and Iran last month. ⑦ Iran: Ships accepting frozen Iranian assets as compensation will be prohibited from passing through the Strait of Hormuz. ⑧ Netanyahu said he had an "excellent meeting" with Trump. ⑨ It is reported that Iran launched missiles at a US military base in Jordan early on the morning of the 29th, Beijing time.

The UK Competition and Markets Authority (CMA) is investigating Microsoft's marketing practices regarding subscription plans.