U.S. President Trump signed an executive order on birthright citizenship.

Preliminary U.S. government data show Saudi crude shipments to the U.S. fell to zero in July, the first full month without Saudi crude since 1985. DOE data released Wednesday indicate shipments were fully halted for the month. The drop is notable given U.S. refineries were taking more than 800,000 bpd of Saudi crude earlier this year. Closure of the Strait of Hormuz and other war-related supply disruptions pushed up benchmark-linked crude prices and prompted U.S. refiners to seek alternative supplies. Kpler expects Saudi inflows to the U.S. to resume this month at about 300,000 bpd, near recent normal levels.

Japan's finance minister Katayama said he and U.S. Treasury Secretary Bessent agreed FX markets have been influenced by moves driven by non-fundamental demand.