News

Hungarian Prime Minister Maudjour: The new government decree will seek voluntary reductions in electricity demand from large users, and sanctions will be imposed if this is not achieved.

Hungarian Prime Minister Maudjour: If the Parkes nuclear power plant shuts down, the power demand voluntarily reduced by companies may not be enough.

Hungarian Prime Minister Majol: The Parkes nuclear power plant may be completely shut down this weekend due to low Danube River water levels.

An executive at Indian Oil Corporation said that due to the Middle East crisis, the company now sources about 85% of its oil from the spot market, compared to 50% previously.

Indian Oil executive: The company has set the August aviation fuel price for domestic airlines at 115 rupees per liter, an increase of 5 rupees from July.

Ukrainian General Staff: We carried out strikes against Russian maritime drone warehouses on the Crimean Peninsula.

Indian Oil Corporation executives: The expansion of the company's refining capacity will increase crude oil processing capacity to 85 million tons in 2027/28.

Kia Motors America sold a record 75,857 vehicles in July, up 7% year-over-year.

Indian Oil Corporation executives: The company's LPG retail business is expected to lose about 250 rupees for every 14.2-kilogram cylinder sold from July to September.

Ukrainian President Zelensky: Ukraine lacks air defense supplies and only shot down one Russian ballistic missile.

Indian Oil executive: The company will invest approximately 1 trillion Indian rupees in petrochemical capacity expansion in the next 5-6 years.

Ukrainian President Zelensky: Russia launched 35 missiles and 185 drones to attack Ukraine.

European Union Naval Force Aspides said that a merchant ship safely completed its Red Sea transit under the protection of an Italian frigate.

Market news: Hungary has shut down a nuclear reactor due to low water levels, and the country's total power generation has dropped to less than a quarter of its rated capacity.

Ukrainian authorities in Kyiv reported that the Russian attack killed nine people and injured 28.

Hamas recently issued a statement saying that the organization agreed to include issues related to the transfer of heavy weapons into the Gaza ceasefire agreement framework, but this is linked to and predicated on conditions such as Israel's cessation of all forms of aggression and withdrawal of troops from the Gaza Strip. A senior Israeli official said that despite various reports of "diplomatic progress in the Gaza Strip," there will be no withdrawal of Israeli troops from existing positions in Gaza until Israel deems Hamas "genuinely disarmed." Dalia Scheindlin, a US-Israeli polling expert and consultant, said that the Israeli election is only a few months away. The stakes are high for Israeli Prime Minister Benjamin Netanyahu - winning the election is the key to avoiding jail if convicted of corruption. The opposition party is currently leading in many polls and is expected to form a government. Scheindlin believes that Netanyahu's considerations have nothing to do with public trauma and are purely political: "His main - or even only - concern is the perception of his alliance partners." Scheindlin said that withdrawing troops from Gaza is impossible, and any strategy to stabilize the alliance must proceed without further alienating already increasingly dissatisfied US allies. Netanyahu will not want to be seen by Trump as obstructing the implementation of the agreement, Therefore, it may be possible to arrange for the Israeli army to make some symbolic moves within Gaza, such as withdrawing to the old front stipulated in the October 2025 ceasefire agreement - although this agreement has been repeatedly ignored by the Israeli side. After the ceasefire, the Israeli army has killed more than 1,200 Palestinians and continued to expand its control area. Dov Waxman, a professor of Israel studies at the University of California, Los Angeles, pointed out that it is already difficult for Netanyahu to form a government, and if he agrees to withdraw troops, it will be even worse. His previous ability to evade US demands and maintain the unity of the far-right alliance relied on the fact that Hamas has not been completely defeated in a state of war. Now he remains silent on the agreement; But ultimately one must take a stand. Waksman believes that criticizing the deal will anger Trump, who has not yet endorsed him in the election, but Netanyahu is counting on Trump to send "gifts" before the election, whether it is a pardon call or the normalization of Saudi-Israeli relations. So he must maintain his relationship with Trump. Goron, founder of the Mitvim Institute, an Israeli regional foreign policy institute, said that Netanyahu is good at handling this kind of situation. He will ensure that Trump gets the statement, the signing ceremony and all the superficial articles, but he may not withdraw troops from Gaza. Goren added that troop withdrawal is not just a matter of public opinion; "It goes against his entire philosophy and worldview - that Israel must exist beyond its borders to prevent any bad intentions from being translated into action. On the contrary, I think he is more likely to escalate the situation before the election than discuss withdrawal."

The U.S. Senate Judiciary Committee is scheduled to vote next Tuesday on the nomination of Todd Branch as Attorney General.

Japan's Ministry of Finance: Monetary authorities have a wide range of tools to respond to market liquidity needs.

According to the Japan Meteorological Agency, a 5.8-magnitude earthquake occurred in the waters near Aomori Prefecture, Japan, on August 1.

The UK Maritime Trade Organization says no injuries or environmental impacts have been reported so far.