Kpler analyst Amena Bakr said roughly 118 fully laden oil tankers carrying about 75 mln barrels of crude are currently idled in the Gulf and would sail immediately once the Strait of Hormuz reopens.

Kremlin says it has not received a formal invitation from Ukrainian President Zelenskiy for Russian President Putin to attend the G7 summit.

At a policy briefing on measures to expand and upgrade comprehensive bonded zones, officials said goods import‑export through China’s comprehensive bonded zones totaled 3.5 trillion yuan in the first five months, up 27.1% YoY and representing 16.9% of national import‑export value. The zones cover just 0.005% of China’s land area but account for roughly one‑sixth of the country’s foreign trade, the briefing added.