IMF Managing Director Kristalina Georgieva: We have already seen some advanced economies affected.

Energy: 1. The EU plans to impose a windfall profits tax on energy companies across the EU. 2. Saudi Aramco will supply its entire oil volume to European customers in November. 3. Australia plans to restrict LNG exports, requiring producers to retain up to 20% of their production for the domestic market. 4. Venezuela's state-owned oil company, PDVSA, predicts Venezuelan oil production will reach 1.5 million barrels per day by the end of 2027. 5. Malaysia projects an average crude palm oil price of 4,450 to 4,600 ringgit per metric tonne in 2027. 6. A hurricane is approaching the US Gulf Coast, halting nearly 63% of offshore crude oil production; energy giants like BP are reducing production and withdrawing staff. Agriculture/Mining: 1. An attack on a mining area in northern Sudan has resulted in 72 deaths. 2. The ceasefire agreement between Russia and Ukraine boosted expectations of easing tensions, causing Chicago wheat futures to fall for the fourth consecutive day. 3. Two workers died in an avalanche at the Codelco El Teniente copper mine in Chile on Sunday. Open-pit operations at the mine had been suspended due to severe weather. 4. An Indian mining ministry official stated that a ban on "black powder" exports has not yet been decided; incentive policies for lithium and nickel processing will be introduced "soon." 5. Zimbabwe stated that there is no reason to delay the lithium concentrate export ban, originally scheduled to take effect in January next year. 6. The European Commission has selected 46 new strategically critical mineral projects, including copper, lithium, nickel, cobalt, manganese, graphite, rare earth elements, magnesium, and tungsten. Middle East Situation: 1. Regional sources say Saudi Arabia has stated it will not reach a ceasefire with the Houthis until the Yemeni government recaptures lost territory. 2. Iran: The tracking of vessels violating regulations will be expanded to the entire region; vessels with their navigation identification systems disabled will be considered hostile targets.

Bank of Korea governor said the South Korean economy is expected to remain strong and that prices will stay above target for a considerable period.