Escalating hostilities between the U.S. and Iran cloud the outlook and could threaten the IEA’s forecast of a global oil supply surplus in 2027.

Hong Kong optical-communications stocks jumped in choppy trade: Yangtze Optical Fibre & Cable (06869.HK) rose over 12%, Cambridge Technology (06166.HK) rose over 9%, Hua Hong Hongli (01347.HK) rose over 7%, Haiguang Xinzhen (01191.HK) rose over 4%.

China’s National Immigration Administration said on July 10 that immigration authorities processed 369.0 mln exits and entries in 1H 2026, up 10.8% y/y and a historical high. Mainland residents accounted for 176.0 mln, Hong Kong/Macau/Taiwan residents 147.0 mln and foreigners 45.906 mln, y/y changes of +10.7%, +8.1% and +20.6% respectively. Inbound foreign arrivals totaled 22.914 mln (+20.4%), with visa‑free arrivals at 17.815 mln, 77.7% of inbound foreigners and up 30.6% y/y. Top ten source countries for inbound foreign visitors were South Korea, Russia, Malaysia, Vietnam, Thailand, Singapore, the United States, Japan, Mongolia and Australia, accounting for 62% of inbound foreigners.