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Caspian Pipeline Consortium (CPC) may suspend oil operations until it obtains security guarantees from other states; an indefinite suspension of oil and tanker operations has been discussed.

2026-07-31

Caspian Pipeline Consortium (CPC) may suspend oil operations until it obtains security guarantees from other states; an indefinite suspension of oil and tanker operations has been discussed.

Other News
2026-07-30

On July 30 Beijing time, China’s He Lifeng held a video call with US Treasury Secretary Bessent and Trade Representative Grier. China expressed serious concern about recent US trade restrictions; both sides agreed to leverage bilateral economic and t

On July 30 Beijing time, China’s He Lifeng held a video call with US Treasury Secretary Bessent and Trade Representative Grier. China expressed serious concern about recent US trade restrictions; both sides agreed to leverage bilateral economic and trade consultation mechanisms, strengthen communication, build trust, expand practical cooperation and properly address mutual concerns under leaders’ strategic guidance to stabilize and improve China‑US economic and trade ties and support a constructive strategic‑stability relationship.
2026-07-31

WTO data released July 31 showed global merchandise trade in Q1 2026 exceeded expectations. Seasonally adjusted volumes rose 1.9% QoQ and 3.2% YoY. Trade in AI-related electronic components surged, offsetting negative effects from the Middle East war

WTO data released July 31 showed global merchandise trade in Q1 2026 exceeded expectations. Seasonally adjusted volumes rose 1.9% QoQ and 3.2% YoY. Trade in AI-related electronic components surged, offsetting negative effects from the Middle East war late in the quarter. Asia exports and imports climbed YoY 12.9% and 14.6%, led by China, Singapore, South Korea and Thailand. North American exports rose 7% YoY while imports fell 10.7% YoY. The WTO said next quarter’s data should more fully reflect disruptions around the Strait of Hormuz.
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