Sterling modestly trimmed losses after John Healey was appointed UK chancellor; GBP/USD down 0.18% at 1.3429.

July 21 — Cai Tuanjie, director-general of Transport Services and safety chief at the Ministry of Transport, said at a State Council press briefing that transport-sector measures have helped cut logistics costs, bringing the ratio of total social logistics costs to GDP down to 13.9%. Over the 15th Five-Year Plan period the ministry will speed construction of the logistics network, advance backbone logistics corridors, deepen interconnectivity at key hubs, address urban–rural logistics facility shortfalls and strengthen international logistics facility layout.

Iran's Islamic Revolutionary Guard Corps says it has designated U.S. radar and air-defense systems in Muharraq, Bahrain, as strike targets.