WTI and Brent crude rose $0.60 intraday to $74.51/bbl and $79.12/bbl.

The European Commission will propose a 2040 electrification target on July 17 and seek to enshrine it in law in Q4, according to a draft seen by media. The goal will be expressed as the share of electricity in final energy consumption; the specific target level is not yet decided. The plan aims to expand domestic clean power, reduce fossil-fuel import dependence and help achieve a 90% cut in emissions by 2040 versus 1990. The draft says accelerated electrification could replace two-thirds of European gas demand, halve oil consumption and save about €200bn in fossil-fuel import costs by the late 2030s, reflecting political pressure after the Russia-Ukraine war and recent Middle East disruptions.

據CNN：美國總統特朗普表示，他們（伊朗）剛纔打電話過來，他們想達成協議。