The French Ministry of Agriculture and Food on July 7 forecast 2026 wine production at 3.4 bln liters, among the lowest in 30 years. The statistics office expects a 6% decline versus 2025, which also suffered widespread heatwaves. Heat-related grape burn and wilting are reducing yields. Burgundy, the Loire Valley and other regions are seen falling; Champagne output is forecast to halve year‑on‑year. The ministry said the heat is also hitting other crops: 2026 corn production is projected at its

CSI 300 index futures (IF) most-active contract down 0.33%; SSE 50 index futures (IH) most-active contract down 0.17%; CSI 500 index futures (IC) most-active contract up 0.25%; CSI 1000 index futures (IM) most-active contract up 0.31%.

The Islamic Revolutionary Guard Corps Navy deputy political commander said safe passage for US vessels in the southern route of the Strait of Hormuz is virtually impossible. He warned any ship entering the corridor will no longer be safe once it reaches the Hazb Oman area and could face potential threats. The IRGC Navy says it continuously uses its intelligence and combat capabilities to monitor movements of all vessels in the Persian Gulf, Strait of Hormuz and Gulf of Oman, and that ships seeking safe passage through the Strait must use routes designated by Iran.