Global crude benchmarks rebounded sharply on Thursday, snapping a two-day sell-off as fresh legislative threats out of Tehran against commercial transit through the Strait of Hormuz reignited geopolitical risk premiums.
Container spot rates edged lower overall this week, though Transpacific trade diverged from the broader decline as August 1 General Rate Increases (GRIs) and extended tariff frontloading provided renewed momentum.
Indonesia has decided not to impose anti-dumping duties (BMAD) on homo-PP imports from eight countries, concluding that the measure would not serve the country's national interest
US commercial crude oil inventories rose by 2.5 million barrels in the week ending July 31 to 407.0 million barrels, breaking a multi-week decline as refiners trimmed processing rates and crude imports rebounded sharply.