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Market news: OPEC+ has agreed in principle to increase daily production by 188,000 barrels and suspend production increases in the fourth quarter.

According to RIA Novosti, the Ukrainian drone attacks on various regions of Russia in the early hours of August 2nd were the largest of any such attacks.

Japanese Minister of Economy, Trade and Industry Ryomasa Akazawa: Even if we conservatively estimate that we can only maintain the procurement level of 75% of the same period in previous years, the use of national reserves will be sufficient to ensure oil supply until the end of March 2028.

Japanese Economy, Trade and Industry Minister Ryosuke Akazawa: August crude oil purchases are expected to reach approximately 100% of the same period last year, and the "quantity needed by Japan as a whole" has been secured.

The European-Mediterranean Seismological Centre reports that a 4.2-magnitude earthquake struck Michoacán, Mexico, at a depth of 64.3 kilometers.

According to the Iranian news agency IRNA, the latest report from the Commodity Exchange of Iran shows that 2,100 kilograms of silver ingots were deposited into the warehouse in a single day, surpassing the previous record of 2,000 kilograms. This increase in trading volume reflects enhanced liquidity in the silver depositary receipt market and increased market confidence in the trading mechanism. The main advantage of this trading instrument is that investors can invest in silver without worrying about transportation, physical storage, and security risks. Furthermore, the Commodity Exchange of Iran's guarantee of the authenticity and quality of the silver ingots is also considered a key factor in increasing the national treasury's commodity reserves. The report states that gold and silver funds must deposit a corresponding number of gold ingots, silver ingots, or gold coins into the warehouses of the Commodity Exchange of Iran based on the number of fund units issued in the capital market.