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China's Shanghai Composite Index opened down 3.87 points, or 0.1%, at 3896.49 on Friday, August 7th. The Shenzhen Component Index opened up 42.66 points, or 0.3%, at 14152.78 on Friday, August 7th. The CSI 300 Index opened up 4.79 points, or 0.1%, at

2026-08-07

China's Shanghai Composite Index opened down 3.87 points, or 0.1%, at 3896.49 on Friday, August 7th. The Shenzhen Component Index opened up 42.66 points, or 0.3%, at 14152.78 on Friday, August 7th. The CSI 300 Index opened up 4.79 points, or 0.1%, at 4656.1 on Friday, August 7th. The ChiNext Index opened up 21.88 points, or 0.62%, at 3537.44 on Friday, August 7th. The STAR Market 50 Index opened down 3.92 points, or 0.23%, at 1697.37 on Friday, August 7th.

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2026-08-07

Market news: Libya's planned oil production of 2 million barrels per day is progressing smoothly.

Market news: Libya's planned oil production of 2 million barrels per day is progressing smoothly.
2026-08-07

Four industry sources told Reuters a proposed Iran-Oman agreement that would give Tehran control over vessels entering the Gulf via the Strait of Hormuz faces implementation barriers from US sanctions and restrictive insurance terms. Any transit fee

Four industry sources told Reuters a proposed Iran-Oman agreement that would give Tehran control over vessels entering the Gulf via the Strait of Hormuz faces implementation barriers from US sanctions and restrictive insurance terms. Any transit fee would create major compliance risk because the US has sanctioned the "Persian Gulf Strait Authority" and the US Treasury bars US persons from accepting Iranian services related to securing safe passage; sources said payments could trigger asset freezes. Separately, the Lloyd's Market Association in late July introduced a war-risk clause that voids cover if a vessel pays transit or passage fees for the Strait; an insurance source said shipowners face a bind because the clause prevents insurers from covering owners who pay while Iran seeks to collect fees.
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