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Iran's Persian Gulf Strait Authority said US officials' repeated claims that the Strait of Hormuz is no longer obstructed do not change the facts: the strait remains blocked and will not reopen unless Iran's conditions are accepted.

2026-08-13

Iran's Persian Gulf Strait Authority said US officials' repeated claims that the Strait of Hormuz is no longer obstructed do not change the facts: the strait remains blocked and will not reopen unless Iran's conditions are accepted.

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2026-08-12

The A-share industrial mother machine concept continued to be active, with Huadong CNC hitting its third consecutive daily limit, Shenyang Machine Tool also hitting its daily limit, and Dongtu Technology, Raycus Laser, Kede CNC, and Han's CNC followi

The A-share industrial mother machine concept continued to be active, with Huadong CNC hitting its third consecutive daily limit, Shenyang Machine Tool also hitting its daily limit, and Dongtu Technology, Raycus Laser, Kede CNC, and Han's CNC following suit.
2026-08-12

Saudi Arabia told OPEC a temporary ceasefire window in the Iran conflict allowed Gulf producers to restore flows, lifting its July crude output by more than 1 MBD to 8.2 MBD from 7.1 MBD in June. Saudi production remains several million b/d below pre

Saudi Arabia told OPEC a temporary ceasefire window in the Iran conflict allowed Gulf producers to restore flows, lifting its July crude output by more than 1 MBD to 8.2 MBD from 7.1 MBD in June. Saudi production remains several million b/d below pre-conflict levels. The IEA estimates Saudi domestic crude stocks rose by early August to at least their highest since 2016. The U.S.-Iran ceasefire has collapsed and renewed hostilities heighten risk to two key export routes—the Strait of Hormuz and Bab al-Mandeb—though Middle Eastern producers are still quietly exporting large volumes. Among seven OPEC members reporting directly to the secretariat, combined output rose 1.88 MBD, with most of the increase from Iraq and Saudi.
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