Canadian producer price inflation fell to 12.4% year-over-year from 13.6% in the previous period.

The US is seeking to unlock frozen Venezuelan assets to fund earthquake aid, with discussions involving IMF SDRs and Bank of England gold.

Nvidia commits $1 billion and Brookfield commits up to $9 billion for Naver AI data center growth.

Saudi Civil Defense issued an emergency alert for Yanbu governorate on the national early warning platform.

Iran's foreign minister praised Russia's condemnation of US and Israeli military actions against Iran, stating that the current insecurity in the Strait of Hormuz is a direct consequence of those actions, and that Iran is committed to diplomacy but determined to defend its national security.

Prediction markets indicate shipping traffic through the Strait of Hormuz may not return to normal for 12 months or longer, with potential implications for oil prices, freight rates, and inflation.

U.S. margin debt hit a record $1.5 trillion in June, rising 49% YoY and surging 136% since Q4 2023, pushing leverage relative to U.S. nominal GDP to an all-time high above Dot-Com and 2021 peaks.

Meta has abandoned the global RE100 pledge to source all electricity from renewables, confirmed Friday, but states it will continue scaling up renewable investments and maintain its goal of 100% clean energy matching.

Japan advances deep-sea rare earth mining with a Pacific drilling test, marking a step toward reducing reliance on China's rare earth supply chain.

Chevron is trying to keep its Kazakhstan assets out of the Russia-Ukraine war after a Ukrainian attack hit a tanker chartered by Chevron in the Black Sea.

Yemen's Hodeidah port was hit by multiple strikes, with Houthi-affiliated al Masirah TV reporting Saudi attacks.

A Saudi vessel, the NCC Masa, was targeted in the Red Sea and suffered minor hull damage, according to the State News Agency.

Trump says he does not know if Russia and China are enabling Iran and believes they do not want him disappointed.

Trump launches a Section 301 investigation into the EU over fines on US tech companies and threatens substantial tariffs.

WTI crude oil surged 7% intraday, breaking above $93/barrel; Brent crude rose over 5% to $95.31/barrel.

The EU is urged to use more clout against Beijing, per the Financial Times.

Ukrainian drones targeted an oil refinery and explosions were seen near a key Russian logistics hub, according to residents.

U.S. forces targeted Iranian coastal surveillance sites and air defense infrastructure in the latest strikes.

The US House passed a defense bill with stronger language on maintaining US troops in South Korea, as reported by Yonhap.