Market sources: US President TRUMP said Iran's economy is in chaos.

U.S. API weekly heating oil stocks rose 424,000 barrels in the week ended Aug. 7, following a 118,000-barrel draw in the prior week.

China’s Urban Renewal 15th Five-Year Plan sets 23 priority tasks and expects 15 trillion yuan of investment over the plan period. The central budget has earmarked 97 billion yuan for urban renewal projects this year and 160 billion yuan of ultra‑long‑term special treasury bonds to support underground utility networks. Authorities say private capital will target redevelopments of neighborhoods, factories and industrial parks that offer stable returns; financing channels cited include bank loans, REITs and asset securitization. Household co‑funding is expected for projects such as adding elevators to old walk‑ups and on‑site reconstruction of hazardous housing under a “who benefits, who pays” rule.