US Vice President Vance said the United States has many tools available for policy toward Iran.

WTI crude futures touched $82.00/bbl, up 0.97% intraday.

Aug 14 — SMIC co-CEO Zhao Haijun at the Q2 results meeting said Q3 shipments are expected to rise and pricing to remain stable. Revenue guidance +2–4% QoQ; gross margin guidance 26–28%, which he said should still increase QoQ after absorbing higher Q3 depreciation from new capacity and summer peak power. Utilization including new capacity is expected to remain around 95%, effectively diluting unit fixed costs.