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Iraq's State Oil Marketing Organization (SOMO) has set an official selling price of Basra medium crude oil for September at a discount of $4 per barrel to the average price in Oman/Dubai.

2026-08-10

Iraq's State Oil Marketing Organization (SOMO) has set an official selling price of Basra medium crude oil for September at a discount of $4 per barrel to the average price in Oman/Dubai.

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2026-08-10

Iranian Foreign Ministry Spokesperson: (in response to the Mecca Defense Agreement) Over the past three years, countries in the region have realized that security is not a commodity that can be purchased from fraudulent intermediaries. Any plan based

Iranian Foreign Ministry Spokesperson: (in response to the Mecca Defense Agreement) Over the past three years, countries in the region have realized that security is not a commodity that can be purchased from fraudulent intermediaries. Any plan based on reality and a proper identification of enemies and threats will help maintain regional security and prevent Israel from creating instability.
2026-08-10

Spot gold in London topped $4,300/oz on Aug 7 after posting the largest single-day H2 gain a day earlier. As prices recovered, domestic gold ETFs accelerated allocations: since July mainstream products have seen net inflows of more than CNY10bn, and

Spot gold in London topped $4,300/oz on Aug 7 after posting the largest single-day H2 gain a day earlier. As prices recovered, domestic gold ETFs accelerated allocations: since July mainstream products have seen net inflows of more than CNY10bn, and HuaAn’s gold ETF recorded 18 consecutive trading days of net inflows. Gold has retraced over 26% from this year’s peak, with shifts in liquidity conditions cited as the primary driver of the correction. Supported by ongoing central-bank purchases, public fund managers expect further near-term bottoming but say the long-term structural bull case for gold remains intact.
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