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2026-07-14 Tuesday

2026-07-19

10:42:11

[Trump Announces Reinstatement of Strait of Hormuz Blockade and 20% Toll; Analysts: Oil Prices May Rise to $100] 1. US President Trump announced on Monday that the US will reinstate the naval blockade of Iranian ports and impose a 20% toll on all cargo transported through the Strait of Hormuz to compensate for the costs the US incurs in maintaining navigational security in the region. As a result, WTI crude oil futures jumped 9.4% to $78 per barrel, and Brent crude closed above $83. Both WTI and Brent crude continued their upward trend on Tuesday, reaching near one-month highs. 2. Trump posted on Truth Social that the Strait of Hormuz "will remain open with or without Iran," describing the US as the "guardian" of the waterway. He also indicated that the US is likely to seek control of this vital choke point. The Joint Maritime Information Center confirmed that US Central Command will begin implementing the blockade at 4 p.m. Eastern Time on Tuesday. 3. Another factor contributing to the oil price increase is the sharp escalation of US-Iranian strikes over the weekend. The US military has launched airstrikes against Iranian targets for three consecutive nights, targeting missile and drone facilities; Iran, in turn, has attacked US allies in the Middle East, including damaging an offshore drilling platform in Kuwait, marking the first direct attack on energy infrastructure in weeks. 4. At current oil prices, a supertanker carrying 2 million barrels of crude oil would have to pay a passage fee of approximately $30 million to $32 million, far exceeding the $2 million per voyage previously reported by Iran. Citibank warned that this move could further increase the risk of military escalation, and the possibility of Iran abandoning the memorandum of understanding is rising. 5. Meanwhile, the Houthi rebels in Yemen claimed responsibility for missile and drone attacks on Saudi airports in response to Saudi airstrikes on Sana'a. Analysts warned that if the conflict escalates to a broader targeting of key energy facilities, oil prices could rise to $100 per barrel. The International Maritime Organization reiterated its opposition to imposing passage fees on international straits.

10:40:15

China's natural gas imports in June - Energy (10,000 tons)

Previous : 1010.80 Forecast : -

Published Value 1093.10

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10:40:14

China's June imports of refined petroleum products and energy (10,000 tons)

Previous : 130.40 Forecast : -

Published Value 173.70

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10:40:12

China's June exports of refined petroleum products and energy (10,000 tons)

Previous : 336.80 Forecast : -

Published Value 4536.10

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10:40:11

China's crude oil imports in June - Energy (10,000 tons)

Previous : 3308.10 Forecast : -

Published Value 2927.20

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10:36:16

China's June Exports - US Dollars (USD Billion)

Previous : 3767.80 Forecast : -

Published Value 4123.90

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10:36:15

China's June imports - in USD (US$ billion)

Previous : 2713.50 Forecast : -

Published Value 2867.60

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10:36:13

China's June imports - in RMB (100 million yuan)

Previous : 18638 Forecast : -

Published Value 19616.20

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10:36:11

China's total exports in June - in RMB terms (100 million yuan)

Previous : 25877.80 Forecast : -

Published Value 28206.70

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10:35:12

China's June Trade Balance - RMB Denominated (100 Million Yuan)

Previous : 7239.80 Forecast : -

Published Value 8590.50

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10:35:11

China's June imports (annual rate) - in RMB terms

Previous : 13.80 Forecast : -

Published Value 20.80

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10:34:17

China's June Exports (Year-on-Year) - In Yuan Denominated

Previous : 21.50 Forecast : -

Published Value 29.40

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10:34:16

China's June Trade Balance - US Dollar (USD Billion)

Previous : 1054.30 Forecast : 1206

Gold, Silver, Oil
US Dollar

Published Value 1256.20

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10:34:14

China's June imports (year-on-year) - in USD terms

Previous : 27.40 Forecast : 24

Gold, silver, oil

Published Value 36

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10:34:13

China's June exports (year-on-year) - in USD terms

Previous : 19.40 Forecast : 18.20

Gold, silver, oil

Published Value 27

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10:00:14

[Trump Endorses Seven Republican Newcomers Ahead of Midterm Elections, Fierce Battle for House Control] (1) On Monday, Trump announced on Truth Social that he was endorsing seven Republican candidates running for the House of Representatives for the first time, from Georgia (Cowan), New Hampshire (De Lorenzo), New York (Driscoll), South Carolina (Honeycat), Indiana (Regnitz), Tennessee (Taylor), and Texas (Toss). Five of them have already secured the party nomination, while Taylor and De Lorenzo still need to participate in the primaries in August and September, respectively. (2) The districts of Cowen, Taylor, and Toth were rated "solid Republican" by the Cook Political Report; Toth was the only candidate to defeat an incumbent Republican House member in the primaries (by about 15 percentage points); Taylor's district was redrawn, and the Republicans were expected to win it from the Democrats (Cowen had given up his re-election); Hanicart was running for a seat that was "very likely" to be won by the Republicans; while the districts of DeLorenzo, Regnitz, and Driscoll were assessed as "very likely to be won by the Democrats" or "leaning towards the Democrats," respectively. (3) Currently, the Republicans hold a majority of 218 seats to 212 in the House of Representatives (with one independent member serving with the Republicans), but three of the four vacant seats were originally held by Democrats. After the vacancy is filled, the Republicans will have 220 seats to 215. The Democrats need to gain six more seats to regain control, and the redrawn districts of the past year have made this goal more difficult.

09:40:10

[Strait of Hormuz Conflict Escalates, Trump Announces 20% Toll, Oil Prices Surge to One-Month High] 1. On Tuesday morning in Asia, international oil prices continued their surge. Brent crude futures rose nearly 3% to above $85 per barrel, while US WTI crude futures briefly broke through $80 per barrel, both hitting one-month highs. The previous trading day, Brent crude had already surged 9.5%, marking its largest single-day gain since May 2020. This rally has pushed oil prices to their highest level since the US and Iran signed a peace memorandum of understanding on June 17. 2. US President Trump announced on Monday that the US would reinstate a naval blockade against Iran and declared himself "Guardian of the Strait of Hormuz," imposing a 20% toll on all cargo transported through the strait. At the current oil price of approximately $80 per barrel, a supertanker carrying 2 million barrels of crude oil would have to pay approximately $30 million. This fee is far higher than Iran's previous temporary fee of up to $2 million per voyage. The Central Command stated that the blockade would officially take effect at 4 PM Eastern Time on Tuesday. 3. Geopolitical conflicts escalate simultaneously. The UAE Ministry of Defense reported on Monday that two UAE state-owned oil tankers were attacked by Iranian cruise missiles in the southern channel of the Strait of Hormuz, resulting in the death of one Indian crew member and injuries to eight others. The US military has launched airstrikes against Iran for the third consecutive night. Meanwhile, the Houthi rebels in Yemen launched missiles at Saudi Arabia after accusing it of airstrikes on an airport under their control. 4. Citibank warned that Trump's proposal to impose tolls substantially increases the risk of further military escalation, noting a rising possibility that Iran will abandon the memorandum of understanding before the midterm elections—a scenario most likely to keep oil prices high for an extended period. Analysts pointed out that if the conflict expands to target key energy facilities more broadly, oil prices could approach $100 per barrel. 5. The previous week, the market had anticipated a de-escalation based on the interim US-Iran agreement, with Brent crude oil prices briefly falling to around $67 per barrel; however, the price reductions resulting from the de-escalation have now been almost entirely reversed. Despite Trump's claim that the Strait of Hormuz will remain "open with or without Iran," the military confrontation between the two sides and plans to impose tolls are systematically repricing geopolitical risks.

09:32:13

Australia's June NAB Monthly Business Climate Index

Previous : 3 Forecast : -

Published Value 3

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09:32:12

Australia's NAB Business Confidence Index for July (MoM)

Previous : -14% Forecast : -

Published Value -5%

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Real-Time Popular Commodities

Instrument Current Price Change

XAU

4016.36

40.10

(1.01%)

XAG

55.884

0.395

(0.71%)

CONC

81.77

3.49

(4.46%)

OILC

88.08

3.22

(3.80%)

USD

100.759

0.039

(0.04%)

EURUSD

1.1438

-0.0004

(-0.03%)

GBPUSD

1.3455

-0.0022

(-0.17%)

USDCNH

6.7769

0.0044

(0.06%)