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According To The Iraqi State News Agency, Citing Official Sources, The Federal Reserve Has Transferred $500 Million In Cash To The Central Bank Of Iraq
According To Reuters, Four Industry Sources Said That A Proposed Agreement Between Iran And Oman Would Grant Tehran Control Over Vessels Entering The Gulf Via The Strait Of Hormuz; However, The Deal Is Difficult To Implement Due To U.S. Sanctions And Restrictive Insurance Clauses Governing Any Payments
According To Iran's Fars News Agency, Iranian Lawmakers Stated That The Proposed Measures Related To The Strait Of Hormuz Are Currently Under Expert Review, And Parliament Has Invited Experts To Submit Recommendations To Help Complete The Draft Bill
Fitch Ratings: Maintains Its 2026 Brent Crude Oil Price Forecast At $87 Per Barrel, Noting That Current Risks Have Shifted To The Downside. The Oil Market Is Expected To Re-enter A State Of Supply Surplus Starting In September. Brent Crude Prices Are Projected To Decline To $70 Per Barrel In The Fourth Quarter Of 2026
Fitch Ratings: Increased Shipping Volumes In The Strait Of Hormuz In June Are Sufficient To Offset The Impact Of Two Additional Months Of Supply Disruptions. Production In The Middle East Is Expected To Recover Rapidly Once Hostilities Subside. Ample Global Inventories And Strong Non-OPEC Supply Are Factors Putting Downward Pressure On Oil Prices
Fitch Ratings: The Brent Crude Oil Price Assumptions Under The Baseline Scenario Already Include Significant Supply Disruptions
According To Interfax News Agency, The Russian Ministry Of Defense Stated That The Russian Military Used Drones To Strike A Logistics Center In The Kyiv Region
Syrian Foreign Minister: We Call On Countries In The Region To Strengthen Security Coordination And Border Control
According To Punchbowl, U.S. Vice President Kamala Harris Will Attend A Senate Republican Lunch Today. She Is Expected To Discuss Legislative Issues Such As Government Funding And The SAVE Act At The Event
According To Punchbowl: U.S. Vice President Vance Will Attend A Senate Republican Luncheon Today. Vance Is Expected To Discuss Legislative Issues Such As Government Funding Arrangements And The SAVE Bill
International Atomic Energy Agency (IAEA): IAEA Director General Grossi Said Today That The Recent Increase In Off-site Power Outages At The Zaporizhia Nuclear Power Plant Highlights The Vulnerability Of The Facility's Power Grid And Underscores The Need To Continue Taking Measures To Prevent Nuclear Accidents During Military Conflicts
Fitch: Canada's Economic Outlook Is Expected To Improve After A Weak Start To The Year, But Risks From U.S. Tariffs And High Oil Prices Remain
According To Iran's Fars News Agency, Sources Revealed That The Northern And Southern Shipping Lanes Of The Strait Of Hormuz Will Be Closed. All Traffic Will Then Be Diverted To The Central Corridor, With Iran Managing The Entrance And Iran And Oman Jointly Managing The Exit
Both WTI And Brent Crude Oil Prices Rose Briefly After Reports That Iran Is Considering Stricter Rules For Passage Through The Strait Of Hormuz
According To Iran's Fars News Agency, Countries And Individuals That Cause Damage To Iran Will Not Be Granted Permission To Pass Through The Strait Of Hormuz And The Persian Gulf Until They Have Compensated For Their Losses
SC Crude Oil Futures (2609 Contract) Rallied During The Session, With Gains Widening To 3.22%, And Last Quoted At 526.1 Yuan Per Barrel; Trading Volume Was Approximately 22.512 Billion Yuan, With Open Interest Increasing By Nearly 1,700 Lots During The Day, Indicating A Simultaneous Increase In Both Trading Volume And Open Interest Activity
According To Iran's Fars News Agency: Under The Agreement, US And Israeli Ships Are Prohibited From Passing Through The Strait Of Hormuz

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