Bank of Korea governor said the key consideration for monetary policy is that inflation weighs most on low-income households; deploying fiscal resources can help address these distributional imbalances.

Japanese-linked tankers have begun a cautious return to direct carriage of Middle East crude for the first time since fighting began in February, though freight and logistics costs remain elevated. Over the past seven months risk-averse Japanese refiners and shipowners largely avoided Gulf routes, using long-distance ship-to-ship transfers off India and Southeast Asia to limit exposure—increasing seller dependence and forgoing higher freight margins. Vessel-tracking shows Idemitsu Kosan’s VLCC Idemitsu Maru left the Gulf in April and arrived in Japan earlier this month with a full cargo of Oman crude loaded at Mina al Fahal. Shipbrokers say at least two other Japanese-controlled VLCCs are expected to call Fujairah in the coming days to load crude bound for Japan.

歐佩克月報：9月份，歐佩克與前成員阿聯酋的原油產量爲3907萬桶/日，比8月增加約90萬桶/日。