ENI CEO said if the Middle East conflict persists, oil markets could break out of the current trading range in early 2027.

Pakistan’s deputy prime minister and foreign minister Dar spoke by phone with Saudi Foreign Minister Faisal on the 11th to exchange views on rising regional tensions after the US‑Iran Islamabad memorandum signed in June. Both expressed concern about continued escalation, said a new round of conflict would undermine efforts to preserve regional peace and stability, and called for maximum restraint to allow diplomatic mediation time and space. Faisal outlined Saudi diplomatic efforts and stressed cooling tensions and sustained dialogue. The two agreed to remain in close contact and coordinate on the situation.

As of the 02:30 close, SHFE gold main contract fell 0.56% to 896 yuan/gram, SHFE silver main contract fell 0.58% to 14,589 yuan/kg, and SC crude oil main contract fell 1.07% to 464 yuan/barrel.