UAE state news agency reported the UAE foreign minister told Iran's foreign minister maritime sea lanes, including the Strait of Hormuz, must be protected and freedom of navigation upheld.

National Bureau of Statistics chief statistician Yu Weining said profits at raw‑materials manufacturers (industrial enterprises above designated size) rose 83.1% YoY in Jan–May 2026, contributing 10.2 percentage points to total profits of industrial enterprises above designated size. Nonferrous metals profits jumped 117.1% YoY—driven by sustained high copper and aluminum prices amid stronger demand from new‑energy and AI sectors—adding 5.3 percentage points to overall industrial profit growth. Oil refining turned from loss to profit year‑on‑year on higher petroleum‑chain product prices; chemical industry profits rose 71.6% YoY.

Baker Hughes said the U.S. rig count rose by 10 in the week to June 26, the largest weekly increase since June 2022, bringing the total to 573 — the highest since May 2025. The gain, an early indicator of future output, leaves the rig count up 26 rigs year‑on‑year (+5%). Oil rigs added seven to 440, the highest since June 2025; gas rigs rose three to 125; other rigs held at eight.