Trump will meet UK Prime Minister Starmer on the weekend - seeking trade deal

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.

ECB Governing Council member Emmanuel Moulin said the bank is in a good position after June's rate hike, citing easing oil-driven inflation and the Hormuz reopening, and ruled out entering a new tightening cycle.

Bundesbank chief Joachim Nagel said the ECB must keep all options open and stay vigilant on inflation, calling June's rate hike unavoidable but adding it is too early to signal further increases ahead of the next meeting.

Iran's envoy to China said Tehran will grant Beijing and other friendly nations special treatment on new Hormuz service fees, as talks with the US and Oman continue over the strait's permanent post-war arrangements.

A cargo ship came under attack by unknown armed assailants 30 nautical miles southwest of Hodeida, Yemen, on Sunday, UKMTO said, crew and vessel reported safe, the latest incident on a key Red Sea shipping route amid a fragile US-Iran ceasefire.

OPEC+ agreed to raise output by 188,000 bpd from August, a fifth straight increase, as Hormuz shipping traffic recovers and Brent falls near $72, back to pre-war levels, while Iraq presses the group for higher quotas after the UAE's exit.