ENI CEO said if the Middle East conflict persists, oil markets could break out of the current trading range in early 2027.

Typhoon Bavi (No.9) is approaching China. Air China, China Eastern, China Southern, Hainan Airlines, Xiamen Airlines, Sichuan Airlines and Tianjin Airlines said passengers on routes affected by the storm are eligible for one free rebooking or a full refund without fees.

Axios reported the Trump administration has demanded Iran publicly, by Saturday, pledge to stop firing on commercial vessels and confirm the Strait of Hormuz will remain open. US officials said the request was conveyed via direct channels and regional intermediaries. Washington says recent Iranian attacks on commercial shipping in and around the strait breached a memorandum of understanding signed weeks earlier and risk collapsing a fragile ceasefire. Iran’s Araghchi is due to meet Omani Foreign Minister Badr al‑Busaidi in Muscat on Saturday; the US wants a public commitment after that meeting that attacks will cease and vessels will not be charged transit fees. US officials said nuclear talks with Iran had made some progress but the Hormuz incidents raise doubts about Tehran’s ability to implement more complex agreements. US warned it would take further action if Iran refuses.