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At midday closing, most domestic futures contracts rose, with SC crude oil up nearly 6%, fuel oil up over 5%, liquefied petroleum gas (LPG) up nearly 5%, ethylene glycol (EG) up over 4%, and low-sulfur fuel oil (LU), synthetic rubber, and benzene up over 3%. On the downside, polysilicon fell over 4%, eggs, tin, and international copper fell over 1%, and copper and red dates fell nearly 1%.Iranian Revolutionary Guard Deputy Commander-in-Chief Izadi: The enemy has failed to destroy Irans defense capabilities and nuclear industry.On August 18th, Republican Rob Arlett stated that while Trump and Israeli Prime Minister Netanyahu share the same ultimate goal in Gaza, they have significant differences in specific tactics for achieving it. Both leaders agree that Hamas cannot be held responsible for the security, military, or even political affairs of the Gaza Strip, but their disagreement lies in the order of steps. The problem is that Trump believes a phased approach is necessary, gradually de-escalating the situation and disarming, while Netanyahu disagrees, wanting Hamas to completely disarm before Israel takes action. Trumps position is partly driven by considerations of his political legacy. He not only wants a peace agreement in Gaza but also agreements on Iran and other issues. He wants to be remembered as a "peace president." Domestic politics further complicate the positions of both leaders, with Israel facing elections and the US facing midterm elections. However, Netanyahu understands that Trump "holds the initiative" in this relationship.Market news: Japan is considering providing support for tanker reinsurance.Market news: A Russian missile attack in the Kharkiv region of Ukraine has killed 10 people.

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