Energy:
1. Japan will not release additional national oil reserves in September and October.
2. Japan plans a subsidy program to diversify its oil supply and reduce reliance on the Strait of Hormuz.
3. Iran is facing a fuel shortage, with the gasoline market experiencing a daily shortage of approximately 14 to 15 million liters.
4. Saudi government data shows that Saudi Arabia's merchandise exports fell 4.5% year-on-year in June, with oil exports declining by 2.3%.
5. Kpler tracking data shows that oil flow through the Strait of Hormuz has dropped to 6.7 million barrels per day, with a significant reduction in ship traffic.
6. A spokesperson for the Iraqi Oil Ministry stated that current oil production from all oil fields exceeds 3 million barrels per day, with exports from southern ports reaching 2.2 million barrels per day.
Agriculture/Mining:
1. The price of domestic brand gold jewelry has returned to 1400 yuan per gram.
2. Amid escalating trade disputes, Trump stated that the US "urgently needs" Canadian aluminum.
3. The war with Iran exacerbates cost pressures, plunging US corn belt farmers into their worst crisis in 40 years.
4. APK-Inform, a Ukrainian agricultural information and analysis consulting agency, reported that Ukraine's exports of major grains fell 11.4% to 188,200 tons in the week ending August 13-19.
5. Citigroup raised its 0-3 month gold price target to $4,800 per ounce, up from $4,500 previously. It maintained its 6-12 month target at $5,000 per ounce.
Iranian Situation:
1. Iran blacklists 45 oil tankers.
2. The UN establishes a working group to address the Strait of Hormuz crisis.
3. Iran warns ships violating rules for passage through the Strait of Hormuz will face penalties.
4. Only one commodity vessel passed through the Strait of Hormuz on Monday, the lowest number since May 7.
5. U.S. Central Command: As of August 24, it has forced 71 merchant ships to divert, rendered 3 vessels immobile, and boarded and inspected 2 vessels.
Other:
1. Trump slams Canada for "taking advantage of the U.S.," and tariffs on many goods will rise to 50% starting next year. Canada will announce its countermeasures against Trump's tariffs on Tuesday.
2. The U.S. Treasury Department announced an expansion of secondary sanctions, targeting entities and countries worldwide that still maintain business ties with Iran, issuing sanctions decisions related to digital assets, technology, gold, aviation, and shipping. The Treasury Department also imposed sanctions on nearly 60 entities, individuals, and vessels.
