Iraq said it plans to raise crude exports delivered by truck to neighboring countries to 420,000 bpd in three phases.

Turkey expects US President Trump to attend next month’s NATO summit in Ankara on July 7-8, which will pressure members to show concrete progress on Washington’s long-standing demand to raise defense spending. Turkish Foreign Minister Hakan Fidan said Trump and President Erdogan have spoken multiple times in the past month and Trump has indicated he plans to attend; Fidan added the US remains committed to the alliance and has shown no sign of withdrawing from NATO.

MOFCOM said an additional 55% tariff will be applied to Australian beef, on top of the currently applicable tariff rate, beginning on the third day (inclusive) after cumulative imports reach 100% of the specified quota.