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Lebanese President: The Lebanese people have no disagreement on the issues of Israel's withdrawal, release of prisoners of war, and reconstruction. We will never allow Israel to continue occupying an inch of our land.

2026-08-11

Lebanese President: The Lebanese people have no disagreement on the issues of Israel's withdrawal, release of prisoners of war, and reconstruction. We will never allow Israel to continue occupying an inch of our land.

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2026-08-11

Brent crude fell to around $80/barrel as markets renewed bets on a diplomatic easing of tensions between the US and Iran, reflecting a faster decline in the geopolitical risk premium related to supply disruptions in the Strait of Hormuz than in physi

Brent crude fell to around $80/barrel as markets renewed bets on a diplomatic easing of tensions between the US and Iran, reflecting a faster decline in the geopolitical risk premium related to supply disruptions in the Strait of Hormuz than in physical supply pressures. However, this does not mean the energy market has truly eased: refined product prices remain significantly tight, with octane-related component prices remaining high and high-frequency regional inventories declining further the previous week. Citigroup expects that the tightness in gasoline components is likely to gradually improve in the fourth quarter as summer demand recedes, refinery operations resume, and operational bottlenecks ease. Therefore, it is crucial to distinguish between the "decline in crude oil risk premiums" and the "easing of physical supply and demand for refined products": the former is mainly driven by geopolitical expectations, while the latter depends on the actual recovery of refineries, inventories, and trade flows. This risk is still fluctuating. On August 11, as expectations for a US-Iran agreement cooled again, Brent crude rose back to around $87.8, while global diesel supply remained tight, and US distillate fuel inventories fell to near multi-year lows.
2026-08-11

SK Hynix plans to restart construction of Phase II at its Dalian NAND flash plant, increasing China NAND capacity by roughly 50%. The project, halted four years ago amid a weak memory cycle, is being reactivated; the company plans to complete semicon

SK Hynix plans to restart construction of Phase II at its Dalian NAND flash plant, increasing China NAND capacity by roughly 50%. The project, halted four years ago amid a weak memory cycle, is being reactivated; the company plans to complete semiconductor equipment imports this year and to begin production in 1H next year. SK Hynix cited surging enterprise SSD demand from AI data center adoption and a near tenfold rise in NAND prices over the past year.
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