Saudi broadcaster Al Arabiya reports two explosions at Yemen's Mocha port; Houthi forces again fired missiles toward Mocha.

U.S. EIA refined-product stocks drew 2.228 mln barrels in the week to Aug. 21, versus -1.57 mln expected and -1.53 mln prior.

Same‑maturity France‑Germany sovereign yield spread widened to 86bps, nearing post‑2012 highs, as global bond yields rise to multi‑decade levels. Parliament is deadlocked over a contentious fiscal bill, increasing the risk attached to Macron’s final budget in his ten‑year presidency and adding election‑year policy uncertainty as challengers prepare to reverse his economic framework. FITCH will lead a forthcoming review of France’s credit rating; FITCH, S&P Global Ratings and DBRS Morningstar downgraded France during last autumn’s budget dispute.