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2026-07-17 Friday

2026-07-19

10:36:13

[Escalating US-Iran Conflict Coupled with Red Sea Blockade Threat, Oil Prices Fluctuate at High Levels] 1. International oil prices fluctuated at high levels in early Asian trading on Friday. The US and Iran have intensified their attacks in the Gulf region, effectively breaking the ceasefire agreement signed last month and continuing to obstruct oil exports through the Strait of Hormuz. Meanwhile, Iran has demanded that the Houthi rebels in Yemen prepare to blockade export routes through the Red Sea, further exacerbating market concerns about oil supply. 2. Brent crude futures are currently trading around $84.90 per barrel, while WTI crude futures for August are trading around $79.67 per barrel, and the more actively traded WTI crude futures for September are trading around $78.97 per barrel, showing little change from Thursday's closing price. Both benchmark contracts have risen nearly 12% this week, with Brent crude on track for its third consecutive weekly gain and WTI crude on track for its second consecutive weekly gain. 3. Since the signing of the ceasefire memorandum of understanding last month, the US launched two large-scale airstrikes on Wednesday, primarily targeting locations near Iran's southern coast, and continued strikes on Thursday. The U.S. Central Command stated that the U.S. military has launched "six consecutive nights of new strikes against Iran to further weaken its military capabilities." 4. Iran retaliated with missiles and drones, targeting U.S. military bases in neighboring countries, including a series of attacks on a recently expanded airbase in Jordan. Three sources revealed that Iran has instructed the Houthi rebels to prepare to immediately block Red Sea oil shipping routes should the U.S. attack Iranian power infrastructure. 5. International Energy Agency Executive Director Fatih Birol stated, "Oil security remains a critical issue. If the situation does not improve in the coming weeks, we should be concerned, and I am indeed concerned." IG analysts pointed out that from a technical perspective, if WTI crude oil can hold the key support level of over $70, it may test the resistance near $85.

10:08:14

China's commercial banks' foreign exchange settlement and sales in June - Banks' customer transactions (RMB 100 million)

Previous : 2850 Forecast : -

Published Value 3913

Previous

09:34:13

[Trump Reinstates "Public Charge" Policy: Use of Medicare or Food Stamps Can Block Green Card Applications] (1) The Trump administration reinstated an old rule that allows immigration officials to deny permanent residency to green card applicants who use public benefits such as Medicaid, housing subsidies, or food stamps. The policy aims to regulate how officials use the "public charge" test to determine whether an applicant is likely to rely on government funding. (2) The final rule released Thursday overturned the Biden administration's 2022 policy (which only restricted cash benefits). The new version sets no restrictions—any use of public benefits, along with indicators such as age, education, skills, and health, can be used as a basis for approving green card and entry applications. The new framework will be officially implemented by the U.S. Citizenship and Immigration Services (USCIS) in 60 days. (3) A USCIS spokesperson stated that this move aims to "uphold the rule of law" and protect taxpayers, preventing subsidies to foreigners who may rely on public benefits, while also ensuring the safety and financial well-being of the American people. (4) Critics point out that the lack of clear guidelines will lead to officials arbitrarily rejecting applications and hindering immigrants from seeking necessary assistance. The executive director of the American Immigration Lawyers Association stated that the rule effectively punishes U.S. citizens in mixed-status families, as the latter may forgo their legal benefits due to concerns about their relatives' status, thereby harming public health and economic stability. (5) Data shows that about one-fifth of Americans participate in Medicaid, and about 12% receive food stamps; these benefits are only available to legal residents, and immigrants need their state's consent to cover the costs to receive medical assistance. (6) A senior policy advisor at the National Immigration Law Center criticized the move as "weaponizing" the federal government, aiming to spread fear and chaos, with the ultimate goal of reshaping the United States into a country that "only welcomes a minority of white people and the super-rich."

08:58:12

[Hot News Recap: US House Republicans Advance $95 Billion Budget Bill Covering Iran War Funding and Election Reform] 1. The US House Budget Committee on Thursday approved a $95 billion budget resolution aimed at meeting several of President Trump's policy priorities. The plan covers new defense funding for the war against Iran, agricultural aid, and comprehensive reforms to voting rules ahead of the November midterm elections. 2. The budget resolution could be submitted to the full House for a vote as early as next week. If passed, it will pave the way for a subsequent budget reconciliation bill, which would only require a simple majority (51 votes) in the Senate, bypassing the usual 60-vote threshold. 3. The budget plan allocates $60 billion over the next ten years for defense, $13 billion for intelligence, $12 billion for agriculture, and $10 billion for Trump's signature voter identification bill, the Save America Act. This bill requires photo identification in all federal elections. 4. Despite the Republicans' slim majority in the House, the success of this budget blueprint remains uncertain. Earlier that day, the House of Representatives failed to pass a veterans' benefits bill due to strong opposition from Republican hardliners, highlighting intra-party divisions. 5. In the Senate, the budget blueprint is expected to face resistance from multiple sides: defense hawks advocate for increased Pentagon funding, deficit hawks want to cut spending to fill the fiscal gap, and some Republican lawmakers worry that a partisan voter identity bill could backfire in the midterm elections.

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40.10

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0.395

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