forex cross rate

Since the outbreak of the conflict in Iran, fuel prices have soared. According to the American Automobile Association (AAA), the average price of gasoline in the United States has increased by nearly a quarter from a year ago, to $3.80 per gallon, while the price of diesel has increased by 30%, to $4.80 per gallon. Although crude oil prices have cooled down in recent times, fuel prices are expected to remain high as long as the situation in the Strait of Hormuz remains unclear. Experts say that even if oil supplies from the Gulf continue to increase, it will take time for the oil to enter the refined product market, and lower prices for gasoline, diesel and other fuels. Carl Larry, an analyst at energy consulting firm Enverus, said, "There is a huge gap between refined oil prices and crude oil prices. The key to the problem is that refining capacity is limited, while crude oil production is almost unlimited even under the current circumstances. Refined oil prices will continue to rise."Global fuel supplies are facing further pressure from Russia. Earlier, Ukrainian drones attacked Russian oil refineries, triggering Russia's worst fuel crisis since the collapse of the Soviet Union. Later, Russia, the world's second largest diesel exporter, banned diesel exports. Ed Hulse, an energy researcher at the University of Houston, said, "The situation is volatile right now, and volatility will lead to price premiums, and uncertainty will also increase costs."

Robert Koch Institute (RKI): The number of heat-related deaths in Germany between April 6 and June 28 is estimated at 5,120.

European stocks AstraZeneca fell 9% after a late-stage clinical trial of its drug WAINUA to treat neurological diseases failed to meet expectations.

National Highway Traffic Safety Administration: Kia America is recalling 462,869 vehicles sold in the United States.

President of the Osaka Branch of the Bank of Japan: Whether consumer goods prices will rise will depend on the strength of demand, but prices are expected to rise significantly in the future.

President of the Osaka Branch of the Bank of Japan: The cost transmission of prices among enterprises is progressing rapidly and may affect consumer prices starting in the summer, so it is necessary to pay close attention to its impact on consumption.