Fed Governor Kashkari said the rise in inflation is not solely attributable to oil or Middle East-related factors.

Oman warned European allies the Strait of Hormuz may need to levy vessel transit fees.

June 26 — The Ministry of Natural Resources’ National Marine Environmental Forecasting Center said its domestically developed global marine heatwave forecast product entered operational service on June 26. Marine heatwaves are defined as sea surface temperatures exceeding the local climatological mean for five consecutive days. The product forecasts onset, evolution and decay, spatial extent and and intensity changes of marine heatwaves worldwide over the coming week, and is intended to improve China’s marine heatwave hazard prediction and emergency response capabilities.