US 4-week Treasury bill auction bid-cover ratio 2.72 on July 2; prior 2.74.

Germany's coalition government says implementation timelines for power grid projects will be halved.

Saudi Arabia has increased shipments following a temporary US–Iran peace accord, dispatching four Bahri-owned VLCCs into the Gulf of Oman on Thursday after loading at Ras Tanura, ship-tracking data show. The departures are the largest outbound volume since the ceasefire took effect about two weeks ago; Bloomberg-tracked data show the four tankers are carrying roughly 8.0 mln barrels from Ras Tanura, one of the world’s biggest crude export terminals.