EIA now expects global oil demand to decline in 2026, reversing its prior forecast of modest growth.

Zhongji Xuchuang turnover reached CNY 40 bln; stock up 2.94%.

Iran criticised Trump’s recent statements as offering no practical measures to curb energy-market volatility and said he had resorted to a 'psychological victory' approach. Tehran characterised Trump’s promise to 'completely defeat' Iran within two weeks as an attempt to link a vague political claim to economic variables to influence global oil prices, calling the remarks a psychological tool aimed at controlling oil-price swings and insulating his administration from election-related economic pressure.