U.S. gasoline inventories for the week ending July 3 were -2.929 million barrels, compared to an expected decrease of 1.55 million barrels and a previous decrease of 2.106 million barrels.

Conflict Situation 1. Lebanese source: The date for Israel's withdrawal from the test zone has not yet been determined. 2. Israeli official: We do not plan to establish permanent (military) outposts in the southern Lebanese security zone. 3. Trump: I could destroy all of Iran's power plants "in less than an afternoon." 4. US President Trump: (Regarding Iran) Either a deal or the mission is accomplished. I prefer a deal. 5. Iranian Parliament Speaker Ghalibaf: Those responsible for attacks on Iran and the killing of Iranian people, especially those targeting the Supreme Leader of the Islamic Revolution, will ultimately be held accountable. 6. Secretary of Iran's Supreme National Security Council: (Responding to Trump) Please respect the Iranian people, otherwise we will respond in another language. US-Iran Negotiations 1. Israeli Ambassador to the US: The next round of talks between Israel and Lebanon will be held in Rome, Italy, from July 14th to 15th. 2. Israeli official: Even if the US and Iran reach an agreement, Israel will retain the option of launching a military strike against Iran. Strait of Hormuz 1. At least eight Japanese ships are sailing out of the Strait of Hormuz in formation. Other News 1. Israeli Prime Minister Netanyahu: Trump and I agree on many issues. My relationship with Trump is very good. A date for a visit to the United States has not yet been set. 2. Israel Defense Forces Spokesperson: IDF killed Hamas military training commander. 3. According to Axios: Netanyahu asked Trump to restrain Erdogan ahead of the NATO summit. 4. Lebanese President Aoun: I will not meet with Netanyahu. 5. Lebanese President Aoun: Claims about forming a force to implement the “pilot area agreement” are untrue. 6. French Presidential Palace: Macron and Syrian President Shara will co-chair a meeting on Syrian economic reconstruction tomorrow.

The overnight SHIBOR was 1.3740%, up 0.5 basis points; the 7-day SHIBOR was 1.3825%, down 0.75 basis points; and the 3-month SHIBOR was 1.4319%, down 0.26 basis points. Click to view >>