Moon Ji-sung, the finance ministry official responsible for exchange-rate policy, said Friday USD/KRW remains misaligned with economic fundamentals and the ministry has sufficient room to stabilise markets if needed. He expects domestic FX supply–demand to shift in H2 2026 and forecasts exporters’ dollar holdings will be returned to the market via FX forward settlements, generating dollar inflows.

Bolivia's energy minister said a working group will be set up next week to study the re-entry of a Brazilian oil company into Bolivia.

The IEA said sustained Ukrainian attacks on refineries, storage and transport infrastructure have weakened Russia's output outlook, prompting cuts to Russia supply forecasts of 85,000 b/d for this year and 150,000 b/d for next year; the agency now sees an average of 8.8 mln b/d over the forecast period. It projects Russian oil output of 8.9 mln b/d this year and 8.8 mln b/d in 2027, down from 9.2 mln b/d in 2025. The IEA noted June crude output rose 120,000 b/d from May to 8.86 mln b/d, roughly 0.9 mln b/d below the OPEC+ quota.