Oil rose on Friday as renewed US‑Iran hostilities and rising Middle East tensions pushed market supply concerns higher. Brent is up 7.6% this week and WTI up 10.4%, marking their largest weekly gains since the week of July 20. ANZ raised its near‑term Brent forecast to $95/bl and warned of upside risk should the conflict intensify. Analysts say high inventories have so far absorbed the initial supply shock, but shrinking buffers are making it harder to sustain supply‑demand balance.

2026-09-04

Oil rose on Friday as renewed US‑Iran hostilities and rising Middle East tensions pushed market supply concerns higher. Brent is up 7.6% this week and WTI up 10.4%, marking their largest weekly gains since the week of July 20. ANZ raised its near‑term Brent forecast to $95/bl and warned of upside risk should the conflict intensify. Analysts say high inventories have so far absorbed the initial supply shock, but shrinking buffers are making it harder to sustain supply‑demand balance.

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2026-09-04

Guangzhou and Hong Kong are planning a deep cooperation zone for the horse industry; preparatory work is advancing. Guangzhou’s Conghua district will push a “one core, three zones” horse-industry layout, accelerate construction of supporting facilities around the Conghua racecourse under an agreement with the Hong Kong Jockey Club, and develop horse-themed cultural tourism while seeking to pilot cross-border tourism and medical/retirement-resort projects to expand the industry chain and position

2026-09-04

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