Real-time News

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.

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.

On July 5th, Cui Dongshu, Secretary-General of the China Passenger Car Association (CPCA), wrote that "this adjustment to the tax policy for energy-saving and new energy vehicles and vessels is a landmark step in the implementation of the reform of equal taxation for oil and electric vehicles in the domestic automotive industry, and a key tax system optimization for the new energy industry to fully transition from the policy support period to the mature market stage." He believes that this reform is conducive to the development trend of pure electrification and fully aligns with the long-term direction of high-quality development and balanced market-oriented development of the automotive industry. Cui Dongshu stated that equal taxation for oil and electric vehicles is not a one-size-fits-all approach, but rather a system of automotive taxation that establishes a balance of rights and responsibilities and fair tax burdens based on technical attributes, emission characteristics, and usage scenarios.

July 5th - OPEC+, comprised of OPEC and other oil-producing nations, will hold its monthly meeting later today. An informed source indicated that OPEC+ has agreed in principle to increase crude oil production quotas by 188,000 barrels per day in August. Two other sources stated that this increase is the most likely decision.

July 5th - The Malian military reported on the 4th that military positions in multiple locations across Mali were subjected to a new round of coordinated attacks by armed groups. The military successfully repelled all attacks, and the attacked positions remain under its "complete control." The report stated that these attacks occurred in Agailok, Anefisse, Gao in northern Mali, and Sevare in central Mali. A local official in Gao said that before dawn on the 4th, militants launched a fierce attack on military camps with guns and rockets. A local resident said, "This morning, no one can leave their homes... The Malian armed forces have blocked all the streets. The gunfire was so intense, it felt like the roofs were about to collapse."

July 5th - According to Israeli sources on the 5th local time, Israeli Transportation Minister Miri Regev confirmed that Israel deployed an Iron Dome air defense system to the United Arab Emirates in the early stages of the US-Israel-Iran conflict. This marks the first time the Iron Dome has been deployed to a country outside of Israel and the United States. Reportedly, this is the first time an Israeli government official has publicly acknowledged deploying the Iron Dome system to the UAE. Previously, related reports had been confirmed by US officials.