China carried 28.07 bln tonnes of commercial freight in 1H, up 3.2% YoY; Q2 freight rose 2.4% YoY. By mode, road freight was 21.22 bln tonnes (+3.2% YoY) and waterway freight 4.23 bln tonnes (+3.9% YoY). Cross‑region passenger flows reached 34.17 bln trips in 1H, +1.2% YoY; Q2 was flat at +0.1% YoY. By mode, road passenger trips were 31.32 bln (+0.9% YoY) and waterway passenger trips 130 mln (+4.3% YoY). Transport fixed‑asset investment totaled 1.5 tln yuan in 1H, with road investment 1.0 tln yu

聯合汽車工人聯合會將與通用汽車(GM.N)展開談判。

Brent crude rose 4.1% to $94.72/bbl in European morning trade, a near seven-week high, while WTI gained 4.1% to $87.78, after Trump downplayed the likelihood of immediate talks with Iran. Market sources said transits through the Strait of Hormuz have fallen sharply and many tankers are rerouting via the Bab el-Mandeb. Reported attacks on tankers at Black Sea ports prompted the Caspian Pipeline Consortium to suspend shipments from Kazakhstan and stop receiving Kazakh crude. ING said Brent slightly above $91 looks undervalued given renewed Persian Gulf supply disruptions, Red Sea risks to Saudi exports and Black Sea developments, especially if outages persist into August.