Energy:
1. Trump extends Jones Act shipping exemptions for 90 days, narrowing the scope to include energy commodities and fertilizers.
2. Libya's National Oil Corporation: Drone attack on the Zawiya oil blending plant caused no damage or casualties. If the attacks continue, force majeure will be declared.
Agriculture/Mining:
1. Indonesian copper exports are delayed due to smelter malfunctions, putting further pressure on supply as copper prices remain high.
2. Diminishing hopes for the reopening of the Strait of Hormuz exacerbate supply concerns, leading to a seventh consecutive day of increases in aluminum prices.
3. Chile's state-owned copper company, Copper, reported a 4.8% year-on-year decrease in June copper production to 114,400 tons.
4. APK-Inform, a Ukrainian agricultural information and analysis consultancy, lowered its export forecasts for Ukrainian wheat, corn, and barley due to port export suspensions.
Other:
1. Rhine River flow in the Netherlands falls to a record low.
2. July average temperatures in the United States hit a record high since 1895.
3. Maersk: Logistics operations in parts of Colombia are currently facing disruption due to the earthquake affecting multiple regions.
4. Maersk announced that its AE19 route will now transit through the Suez Canal instead of passing the Cape of Good Hope, effective immediately.
