Fed Governor Waller said there is no basis in economic theory to justify withholding information from the public.

Baofeng Energy on July 13 forecast 1H 2026 net profit attributable to shareholders of 9.3–10.2 bln yuan, up 62.65%–78.4% YoY. The company cited higher global oil and alkane feedstock prices amid Middle East geopolitical tensions, which lifted chemical product prices and boosted olefin margins, and the Inner Mongolia olefin plant reaching full production in April 2025, driving a large YoY increase in 1H 2026 volumes and sales.

The Joint Maritime Information Center (JMIC), led by the U.S. Navy, said the U.S. military will begin a maritime blockade of all Iranian ports and coastal areas at 20:00 GMT on July 14 (04:00 local July 15). The blockade applies to all vessels regardless of flag and covers Iran’s entire coastline, including ports and oil terminals. Neutral ships transiting the Strait of Hormuz to non‑Iranian destinations will not be impeded. Humanitarian shipments will be allowed but subject to inspection.