Iraq's June oil exports totaled about 24.5 mln barrels, two Iraqi oil officials said.

China Merchants Energy Shipping said on July 5 it expects 2026 1H net profit attributable to parent of 6.6–7.3 bln yuan, a rise of 214%–248% YoY. The company cited a super‑cyclical international tanker market driven by supply‑demand shifts and geopolitical factors, with spot rates on some routes reaching record highs. International dry bulk benefited from continued supply‑demand improvement and a steady recovery in the BDI. Tanker operations extended strong Q1 performance and, after overcoming a post‑strait‑closure oversupply phase in Q2, are estimated to have increased profit contribution by about 50% q/q. Dry‑bulk profit contribution rose roughly 170% q/q in Q2. Container and ro‑ro fleets are showing steady recovery trends.

On July 4 in Stockholm, China foreign minister Wang Yi met Jacob Wallenberg, chairman of the board of Sweden's Yinruida Group.