Valero's Port Arthur, Texas refinery (385,000 bpd) experienced a partial power outage Tuesday night after Tropical Storm Edouard passed, people familiar with the matter said. The EIA says Port Arthur represents about 2% of US refining capacity; with US refineries running at 97.4% of 18.03 mln bpd (≈469,000 bpd idle), Valero's offline capacity equals most of that unused capacity. ARAMCO-owned Motiva's Port Arthur refinery (656,400 bpd), ExxonMobil's Beaumont (612,000 bpd) and TotalEnergies' Port

Bahrain’s defense ministry said Iran is continuing systematic hostile actions by carrying out attacks on Bahraini civilians. Bahrain’s air-defense systems today successfully intercepted and destroyed multiple Iranian air strikes. The general command said all weapons and forces are at maximum alert and ready to defend the kingdom. The ministry added that the deliberate use of missiles and drones against civilians is a serious violation of international humanitarian law.

On Sept. 2 morning a single 181 mln yuan buy order drove an Inner Mongolia machinery maker to the daily limit and locked the price, its second straight limit-up. Great Wall Military Industry also locked its daily limit while Beifang Changlong, Tianqin Equipment, Jianshe Industrial and Guoke Military rallied sharply; all are in the ground armaments sector. Analysts say military trade was an important incremental area during the 15th Five-Year Plan but the military-trade supply chain underperformed in 1H and the market remains cautious on order fulfillment. With ongoing validation of Chinese equipment combat capability, the approaching Zhuhai Airshow and further disclosure of foreign orders, the sector may regain investor attention.