AXIOS reports President Trump said Cuba is very eager to engage in talks.

Domestic News: 1. Ministry of Commerce: 55% tariff to be imposed on imported Australian beef. 2. Guangdong Province issues the "Implementation Plan for Promoting the Expansion and Quality Improvement of the Service Industry in Guangdong Province". 3. Chinese Ambassador to the US Xie Feng: Artificial intelligence cannot grow wildly or be subject to land grabbing. 4. The overall number of tourists during this year's Dragon Boat Festival holiday is expected to increase by 4% compared to the same period last year. 5. Minister of Commerce Wang Wentao meets with Canadian Industry Minister Joly and representatives from the business community. 6. Box office revenue on the first day of the 2026 Dragon Boat Festival film season exceeded 100 million yuan, with the number of films released reaching a new high for the same period in nearly ten years. 7. Vice Minister of Commerce and Deputy Representative for International Trade Negotiations Ling Ji meets with the CEO of Saudi Basic Industries Corporation (SAB). International News: 1. Central Bank of Turkey purchases $10 billion in foreign exchange this week. 2. Zimbabwean lithium companies jointly apply for a postponement of the concentrate export ban. 3. British media: British Prime Minister Starmer will use the weekend to weigh his future plans. 4. Goldman Sachs lowers its gold price target, predicting the Federal Reserve will not cut interest rates this year. 5. Japanese Finance Minister Satsuki Katayama: We are prepared to take decisive action against speculative activities in the foreign exchange market. 6. Market pricing shows that bets on a Fed rate hike have increased, fully priced in the expectation of a 25 basis point rate hike in September. 7. Middle East Situation— ① Iranian Foreign Ministry confirms postponement of Iran-US talks, with discussions underway for the next few days. ② US official: Israel and Hezbollah have agreed to a ceasefire. ③ Iran announces new rules for passage through the Strait of Hormuz: applications must be submitted 48 hours in advance. ④ Merchant ship traffic through the Strait of Hormuz reached its highest level since mid-April on the 18th. ⑤ Israeli official strongly responds to Vance: Don't threaten us; betrayers will pay the price. ⑥ Iran denies inviting the International Atomic Energy Agency to inspect its nuclear facilities. ⑦ US intelligence warns: Israel may undermine the US-Iran agreement. ⑧ Trump: Approximately 700 ships are currently passing through the Strait of Hormuz. Iran must reach an agreement within 60 days, or we will take some actions that will displease them.

WTI crude intraday losses widened to $1, sliding to an intraday low of $75.33/bbl.