The US Department of the Interior announced an energy agreement with Duke Energy to lower energy costs in North Carolina. As part of the deal, Duke will voluntarily terminate its $129 million Carolina Long Bay offshore wind lease.

Financial Times: Analysts say Japan's IPO count in 1H fell to a 15-year low and that a shortage of startups ready to list makes a near-term recovery unlikely.

DOE data showed U.S. Strategic Petroleum Reserve (SPR) crude stocks fell 5.5 mln bbl to 325.7 mln bbl, the lowest level since May 1983. The draw is part of a 172 mln‑bbl release agreement aimed at filling post‑Iran‑conflict global supply gaps and easing fuel prices. Strong U.S. crude exports and refinery demand have driven rapid recent declines. Since the late‑February outbreak of the conflict, total U.S. stocks (commercial plus SPR) fell 111.4 mln bbl to 743.3 mln bbl as of June 19, the lowest since 1984.