News

British Government: We have summoned the Iranian ambassador.

U.S. President Trump: (Talking about Iran) They are a bunch of bad people.

US President Trump: We will be the guardians of the Strait of Hormuz.

OPEC monthly report: Maintains Eurozone economic growth forecast for 2026 at 1%. The Eurozone economic growth forecast for 2027 is maintained at 1.2%.

OPEC monthly report: maintains the global economic growth forecast in 2026 at 3.1% and the global economic growth forecast in 2027 at 3.2%.

OPEC monthly report: maintains U.S. economic growth at 2.2% in 2026; maintains U.S. economic growth forecast in 2027 at 2%.

OPEC monthly report: Organization of the Organization for Economic Cooperation and Development oil inventories fell by 21.8 million barrels in May to 2.77 billion barrels.

OPEC monthly report: The expected value of OPEC’s crude oil demand in 2026 has been lowered by 200,000 barrels per day to 42.3 million barrels per day. The forecast for OPEC crude oil demand in 2027 remains unchanged at 43.6 million barrels per day.

OPEC monthly report: Global crude oil demand is expected to be 105.94 million barrels per day in 2026. Global crude oil demand is expected to be 107.88 million barrels per day in 2027.

Canada's national economic confidence index was 52.6 as of July 10, compared with the previous value of 51.2.

OPEC monthly report: OPEC+ crude oil production (including former member UAE) averaged 36.28 million barrels per day in June 2026, an increase of about 3 million barrels per day from May, mainly due to the increase in production from Gulf oil-producing countries.

Intel (INTC.O): Investments began earlier this year and will upgrade and maximize the capacity of its manufacturing plants by the end of 2027.

Intel (INTC.O): Intel Capital will add hundreds of jobs at its Irish operations.

UK Maritime Trade Action Office: An oil tanker sailing eastbound on the IRTC (International Recommended Transport Corridor) reported six small boats approaching from the starboard side.

UK Maritime Trade Operations Office: Received a report of an incident 50 nautical miles south of Aden, Yemen.

British Government: Considers Iran’s Revolutionary Guard a national security threat.

British government: Iranian-backed group behind attacks on Jewish communities.

German Chancellor Mertz: Germany and Europe face major challenges.

India's Ministry of Trade: India's imports of petroleum, crude oil and refined oil products in June were US$19.33 billion.

Ministry of Trade of India: India’s gold imports in June were US$1.97 billion.