PBOC sets USD/ CNY mid-point today at 6.7942 (vs. yesterday at 6.8293)

Iran has opened talks with Japanese buyers on resuming oil sales for the first time since 2019 under a US sanctions waiver, but companies want a longer waiver and safety assurances over Hormuz shipping before committing, sources say.

8 dividend stocks offer up to 8.3% yield, analysts favor them for portfolio growth.

Chinese Foreign Minister Wang Yi told Investor AB's Jacob Wallenberg in Stockholm that Beijing welcomes deeper cooperation with Swedish and European businesses, as China works to rebuild trust and reassure investors ahead of a China-EU summit.

PM Modi said India will keep building refineries as Western nations shut plants, inaugurating an $8.3 billion, 180,000 bpd Rajasthan refinery expected to be the only new refinery commissioned globally this year.

At least eight vessels U-turned in the Strait of Hormuz over the weekend as Iran pressed its own transit route, before shipping along the US-protected Omani corridor showed signs of recovering Sunday, Kpler and ship-tracking data show.

TotalEnergies CEO Patrick Pouyanne said Middle East producers are heavily discounting crude to clear stockpiles, while gasoline and diesel stay tight on shipping fears, with the market needing three to four months to rebalance.

The Bank of Korea warned single-stock leveraged ETFs tied to Samsung Electronics and SK Hynix, which together make up over half of KOSPI market cap, could deepen concentration, amplify volatility and widen retail investor losses in a downturn.