President Trump says Greenland should be controlled by the United States.

US Redbook weekly retail sales YoY for week ended July 4: 11.5% vs 10.5% prior.

Five sources said Saudi Arabia is weighing an expansion of its east–west pipeline to the Red Sea west coast to enable Saudi and neighboring crude shipments without transiting the Strait of Hormuz. The pipeline, built in the early 1980s, can deliver up to 7.0 mln bpd to Yanbu; Aramco told investors in May roughly 2.0 mln bpd supplies west‑coast refineries and about 5.0 mln bpd is for export. Sources said Riyadh has held preliminary talks with some neighbours on boosting capacity by about 1.0–2.0 mln bpd, and that plans may include a smaller products line. It is unclear whether expansion would be an upgrade or a newbuild. One source said the project would take several years, cost billions of dollars and could require adjustments to Saudi crude pricing mechanisms.