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According to Saudi media Hadas, Iranian Parliament Speaker Qalibaf stated that Iran believes reaching a consensus with the United States is possible despite the difficulties.
July 5th - At 21:43 on the 5th, at the Hainan Commercial Space Launch Site, the Long March 8A carrier rocket accurately sent the Qianfan Polar Orbit 15 satellites into their predetermined orbit, marking a complete success for the launch mission.
Qatar Energy: An agreement has been reached out outlining the terms for assessing and allocating hydrocarbon, natural gas, electricity and related resources to support downstream industrial investment.
Qatar Energy: It will develop a new medium-sized industrial zone in Mesaied Industrial City. In cooperation with the Qatari Ministry of Industry, it will assess and allocate hydrocarbon-derived resources to support eligible industrial investment opportunities.
The China Earthquake Networks Center officially reported that a magnitude 3.3 earthquake occurred at 21:41 on July 5 in Gongliu County, Ili Prefecture, Xinjiang (43.58 degrees north latitude, 82.51 degrees east longitude), with a focal depth of 22 kilometers.
July 5th - The China (Nanjing) Embossed Intelligent Robot Industry Exhibition will be held in Nanjing from July 10th to 12th, 2026. The exhibition is expected to attract over 450 domestic and international exhibitors and over 35,000 professional visitors. It will showcase a complete ecosystem encompassing technology, products, and applications, from core components (sensors, actuators, AI chips) to complete systems (humanoid robots, service robots, special-purpose robots) and industry solutions.
1. Monday: ① Data: Switzerland's June seasonally adjusted unemployment rate; Eurozone's July Sentix investor confidence index, Eurozone's May PPI month-on-month rate, Eurozone's May retail sales month-on-month rate; US June S&P Global Services PMI final reading, US June ISM Non-Manufacturing PMI, US June Global Supply Chain Stress Index. ② Events: Speeches by Fed Governor Waller, ECB Executive Board member Schnabel, ECB Governing Council member Winsch, and Swedish Central Bank Deputy Governor Seim. 2. Tuesday: ① Data: Germany's May seasonally adjusted industrial production month-on-month rate; UK's June Halifax seasonally adjusted house price index month-on-month rate; France's May trade balance; US ADP employment change week-on-week for the week ending June 20, US May trade balance; China's June foreign exchange reserves. ② Events: Turkey hosts the NATO summit until July 8; the US Trade Representative's Office holds a public hearing to consider a proposal to impose additional tariffs on 60 economies worldwide. 3. Wednesday: ① Data: US API crude oil inventories for the week ending July 3; Japan's May trade balance; New Zealand's RBNZ interest rate decision for the week ending July 8; US May wholesale sales month-on-month; US EIA crude oil inventories for the week ending July 3; US EIA Cushing, Oklahoma crude oil inventories for the week ending July 3; US EIA strategic petroleum reserves for the week ending July 3. ② Events: EIA releases its monthly Short-Term Energy Outlook report; RBNZ Governor Brehman holds a monetary policy press conference. 4. Thursday: ① Data: US 10-year Treasury auction - winning yield for the week ending July 8; US 10-year Treasury auction - bid-to-cover ratio for the week ending July 8; China's June CPI year-on-year rate; Germany's May seasonally adjusted trade balance; US initial jobless claims for the week ending July 4; US June existing home sales (annualized); US EIA natural gas inventories for the week ending July 3. ② Events: The Federal Reserve releases the minutes of its monetary policy meeting; the European Central Bank releases the minutes of its June monetary policy meeting; FOMC permanent voting member and New York Fed President Williams delivers a speech. 5. Friday: ① Data: Germany's final June CPI month-on-month rate; France's final June CPI month-on-month rate; Switzerland's June consumer confidence index; Canada's June employment change; China's June M2 money supply year-on-year rate. ② Events: SK Hynix's American Depositary Receipts (ADRs) are tentatively scheduled to list on Nasdaq on July 10; 2026 FOMC voting member and Dallas Fed President Logan delivers a speech; the IEA releases its monthly oil market report. ③ Holiday: The New Zealand Stock Exchange is closed. 6. Saturday: ① Data: Total number of US oil rigs for the week ending July 10.
Two Iraqi oil officials said that Iraq's total oil exports in June amounted to approximately 24.5 million barrels.
July 5th - George Gonsalves, head of U.S. macro strategy at Mitsubishi UFJ Securities Americas, said that Warsh's concise style makes the June meeting minutes more significant than usual, providing a valuable perspective on the differing positions among Federal Reserve officials. "The minutes will become even more important because, until now, we didn't know what the Fed was thinking," Gonsalves said. "It will be very enlightening to see how they debated and what they focused on." He added that some investors have questioned Warsh's "hands-off" approach, and many want greater transparency. Many market participants are not used to reduced information and remain quite skeptical about how long the Fed can maintain this stance. Now we can only try to decipher the meaning between the lines.
On July 5th, local time, Russian Presidential Press Secretary Dmitry Peskov stated in a broadcast that Ukrainian armed forces have intensified their attacks on Russian infrastructure due to the deteriorating situation on the front lines. The Russian military is establishing a secure buffer zone along the border, and concrete results are already visible. He also stated that Russian troops are steadily advancing according to plan in special military operations areas. Peskov stated that the EU's transformation into a military-political bloc has further exacerbated the Ukraine issue. Russia hopes the EU will not undermine the prospects for peace negotiations. Peskov also stated that Russia remains open to peace negotiations and looks forward to the US playing a mediating role. Russia has always welcomed visits from US Presidential Envoy Witkov and Trump's son-in-law Jared Kushner. Even with their extended absence, Russia continues to maintain contact with the US through existing channels.
July 5 - According to sources from the Yemeni military and medical departments, Houthi rebels launched an attack on Hodeidah province on the Red Sea coast on July 4, killing at least 14 Yemeni government soldiers and injuring several others.
According to the Islamic Republic News Agency (IRNA), the Iranian International Maritime Bureau stated that maritime trade between Qatar's Ruves port and Iranian ports has resumed.
Iraqi Oil Minister: Crude oil production at the Sinbad oil field will reach 80,000 to 100,000 barrels per day, with associated gas production increasing by approximately 260 million standard cubic feet per day.
Market news: Germany plans to increase its net new borrowing to €118 billion in 2027, up about 7% from its April forecast.
Iraq's oil minister said the five-year agreement with Halliburton will increase crude oil production at the Bin Umar oil field to 150,000 barrels per day and associated gas production to 300 million standard cubic feet per day.
Market news: Iraq has signed an agreement and statement with US oilfield services giant Halliburton to manage two oil fields.
OPEC+: Seven member countries decided to implement a production adjustment of 188,000 barrels per day.
OPEC+: The next meeting will be held on August 2, 2026.
OPEC+: Saudi Arabia, Russia, Iraq, Kuwait, Kazakhstan, Algeria and Oman adjusted production and reaffirmed their commitment to market stability.
July 5 - A statement indicates that OPEC+ will increase its oil production quota by 188,000 barrels per day in August.
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