An Iraqi senior security delegation will visit Saudi Arabia tomorrow to discuss a range of security issues, market sources said.

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UBS global research economist Jonathan Pingel says US July inflation YoY is expected to ease, but the pace should remain well above pre-Iran-conflict levels and above last year’s rate, implying overall inflation remains elevated despite recent moderation. UBS expects core inflation to firm after an unexpectedly weak June reading, led by a rebound in core non-shelter services, with transport, medical and telecom services prices reverting to normal faster-paced increases.