Iraq National Oil Company set August official selling price for Basra medium crude to North and South America at a $7.10/bbl premium to the Argus Sour Crude Index (ASCI).

Typhoon Bavi brought heavy rain to parts of China’s eastern coast, prompting the National Flood Control and Drought Relief Headquarters to activate a level-2 emergency response for Fujian and Zhejiang. The Ministry of Finance and Ministry of Emergency Management have advanced 40 mln yuan of central natural-disaster relief funds to support emergency evacuations, hazard removal, secondary-disaster risk inspections and emergency remediation, and rescue operations in the two provinces.

Liaoning flood control and drought relief command has issued a yellow alert for all cities and the Shenyang‑Fushun demonstration zone and raised the flood emergency response from Level IV to Level III, effective 13:00 on July 11, citing the latest meteorological forecast and current rainfall/hydrological conditions.