摩根士丹利(MS.N)股价美股盘前下跌1.6%，投行奥本海默将其评级从“与大盘持平”下调至“跑输大盘”。

June 30 — China’s National Energy Administration held a meeting in Hangzhou to advance improvements in power-access services. The NEA said reforms during the 14th Five-Year Plan have delivered significant gains—noting breakthroughs in supply services, institutional frameworks, international benchmarking and regulatory governance, and progress removing long-standing grid-connection bottlenecks and urban–rural supply shortfalls. The meeting directed targeted measures aligned with economic development, the energy transition and public needs; prioritized benchmark/pilot projects, service support for industrial upgrading and resolution of household power-access problems; and required strengthened accountability and vertical–horizontal, internal–external coordination to ensure policy implementation.

Trade sources and a document show Iraq's State Organization for Marketing of Oil (SOMO) has sharply cut July official selling prices to entice long-term buyers to lift Basra crude from its Gulf terminals. Basra medium crude discounts are $14–16/bbl and Basra heavy $16.80–18.80/bbl, with the deepest discounts for July 1–5 loadings and smaller discounts for July 6–10 and July 11–31 loadings. SOMO requires buyers to submit order volumes within one day of notification. Trade sources said the large discounts may attract buyers but whether passage through the Strait of Hormuz will be possible remains uncertain.