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U.S. President Donald Trump on Wednesday called on Congress to pass legislation bringing clearer definitions to the growing cryptocurrency sector, a top priority for industry executives who gathered at a White House event with the president, Reuters reported. Trump, who has earned more than $1.4 billion from his family's crypto ventures, urged lawmakers to pass a "fair version of the Clarity Act," a bill the industry says would put it on solid legal ground but that has stalled in the Senate with little time left on the congressional calendar. Several top executives spoke alongside Trump, including Coinbase CEO Brian Armstrong, Robinhood CEO Vlad Tenev, Kraken co-CEO Arjun Sethi and Intercontinental Exchange CEO Jeffrey Sprecher, while CFTC Chair Mike Selig, SEC Chair Paul Atkins and White House crypto adviser Patrick Witt also attended.
The Clarity Act aims to define which tokens count as securities versus commodities and which agencies oversee the sector; without it, rules remain vulnerable to shifting politics and court challenges, executives say, according to Reuters. The SEC on Tuesday proposed long-awaited rules exempting certain token offerings from securities regulations, and the CFTC is due to discuss crypto regulation at an industry gathering Thursday. However, many Democrats and some Republicans have said they would not back a bill without strong language barring political officials, including Trump, from profiting off their own crypto ventures. A Reuters/Ipsos poll this week found a majority of Americans believe Trump and his family have inappropriately profited from crypto since his return to power and that his policy decisions are influenced by private dealings such as World Liberty Financial and the Trump meme coin. Trump says he has no day-to-day role in the family business and that his investments are independently managed, while the White House dismisses any allegations of impropriety.

U.S. President Donald Trump said on X that the U.S. government has discussed plans to accumulate large-scale Bitcoin and other cryptocurrency assets. According to Odaily, Trump said the U.S. is studying the possibility of increasing its digital asset holdings, but he did not provide details on implementation, funding sources, or a timeline. The U.S. government has previously advanced policies related to a strategic Bitcoin reserve, and markets continue to watch for any further expansion of government allocations to Bitcoin and other crypto assets.

Bitcoin crossed $69,000 for the first time in nearly three months before pulling back to around $68,500, triggering over $1.3 billion in liquidations across the network in a single hour as the move caught leveraged short positions off guard.
The breach of $69,000 marks Bitcoin's highest price since late May and represents a significant technical milestone: the level sits above the CryptoQuant short-term holder realized price of $67,523 and the
The $1.3 billion in one-hour liquidations reflects the scale of leveraged short positioning that had accumulated below the $66,600 inverse head-and-shoulders neckline — the technical level that, when decisively broken, projected a $76,000 measured-move target per Tech Charts analyst Aksel Kibar. Short sellers who had built positions anticipating a neckline failure were forced to cover as Bitcoin cleared $66,600 and continued through $68,500 and $69,000 in rapid succession, with each level's breach triggering additional forced buying that amplified the move.
The pullback to approximately $68,500 from the $69,000 high. Whether $68,500 holds as support or Bitcoin retraces further toward the $66,600 neckline will determine whether the inverse head-and-shoulders breakout is confirmed as a sustained structural move or a false breakout driven primarily by short liquidation cascades.

According to Jin10, the Federal Reserve minutes did not mention any views supporting rate cuts, indicating a clear shift in policy discussions over the past year. At the start of last year, markets had expected the Fed to lower borrowing costs this year as inflation eased, but price pressures kept building, especially after the Trump administration joined Israel's war against Iran. Nearly six months after the conflict began, oil and gas shipments through the strategic Strait of Hormuz remained restricted. Recent data showed inflation cooling slightly and companies unexpectedly cutting jobs in July, leading markets to expect the Fed to keep policy rates unchanged again at its September 15-16 meeting. The data have left Fed officials divided over whether another rate hike is needed to further curb inflation, while also making them more cautious about the strength of the labor market and the risks to the goal of full employment. Because Fed Chair Kevin Warsh has been unwilling to discuss the monetary policy path during his term, markets lack clear guidance from the Fed chair.

A 25-year-old man identified in court filings as Darren Zhou, then a Goldman Sachs analyst in West Palm Beach, Florida, was reported to the FBI after OpenAI detected ChatGPT messages in which he detailed plans to rape and kill his former girlfriend, according to Jiemian News. The case has also prompted debate over how far AI chat platforms can monitor private conversations and when they may share user content with law enforcement.
According to the report, Zhou began messaging ChatGPT in March after a breakup, first discussing memories and hopes of reconciliation before the conversation escalated into rape, murder and suicide threats. He allegedly told the chatbot, “I will kill her before the end of this month. If I can’t have her, no one else can,” and later described a revenge plan involving meeting her at a gym parking lot with flowers, then pulling out a gun if she refused to reconcile.
The report said he also sent the woman photos that included an AR-15 rifle, a Glock handgun, a 12-gauge shotgun, plastic zip ties and latex gloves, and continued harassing her with virtual numbers generated by apps after being blocked multiple times. On her 21st birthday, he allegedly sent explicit sexual assault threats, including one message containing only her latest address.
FBI agents linked the AI chat logs with the messages received by the woman and concluded Zhou posed a sufficient threat to public safety, leading to his arrest in May. He was later released on $100,000 bail. Goldman Sachs ended his employment in June after learning of the allegations. On August 13, Zhou pleaded guilty in court and was sentenced to five years of probation.

Uber shares have fallen 8% this year as investors worry the ride-hailing company faces intense competition from autonomous taxi operators led by Waymo. According to Sina Finance, author Anita Ramaswamy said sellers have overreacted.
She argued that Uber can still sustain rapid growth, expand margins, and remain competitive in autonomous driving over the next several years. She also said Uber's valuation has fallen to its lowest level since it turned profitable in 2023, while the market has not fully recognized the growth of Uber Eats, rising operating margins, and strong free cash flow.
Ramaswamy said Uber's enterprise value is only 2.6 times next year's revenue, compared with an average of 4 times for S&P 500 constituents. She said that discount is too large.
The article said investors are most concerned that Alphabet-owned Waymo is squeezing Uber's ride-hailing business. It noted that Uber first offered Waymo autonomous ride-hailing service in its Phoenix app nearly three years ago, before expanding to more cities.
The two companies are now moving toward separate operations. In May, Uber removed Waymo vehicle service from its Phoenix app, while Waymo kept its own app there. Waymo plans to launch its own app in Atlanta and Austin, Texas, in 2028.
Uber has also partnered with other autonomous vehicle companies, including Zoox, Wayve, May Mobility, and Nuro. TD Cowen analyst John Blackledge said Uber already has autonomous vehicles in seven markets and expects that number to rise to 15 by year-end.

The United Arab Emirates said it is cutting all economic ties with Tehran after accusing Iran of firing ballistic missiles at its territory, according to Bloomberg.
SK Hynix said it will buy back $29 billion of stock and return more profits to shareholders to ease concerns about the durability of AI spending. The memory chipmaker plans to repurchase as many as 24 million treasury shares between Aug. 20 and Nov. 19 and cancel them, according to a regulatory filing Wednesday.
The EU has pledged to spend up to €30 billion to build as many as seven artificial intelligence data centers in Europe.

According to Jin10, former U.S. senior official Mark Kimmitt said the UAE's suspension of all trade, business ties, and financial transactions with Iran could have a greater impact than the U.S. maritime blockade, given the UAE's importance to Iran's economy.

Abu Dhabi National Oil Co. plans to trim crude sales to Asian customers in August and September, according to people familiar with the matter.
The cuts are already helping push up the price of the flagship Murban oil grade, Bloomberg reported.

The Pentagon is conducting an informal review of the U.S. military presence in the Middle East, including whether to withdraw from the Persian Gulf after the war with Iran ends, according to Jiemian News. The review is being led by the Pentagon's policy office, with the Joint Staff and U.S. Central Command also examining the issue.
Sources said U.S. bases in the region were heavily damaged during the fighting, and some experts have suggested moving troops and equipment west to Jordan, Israel or Saudi Arabia's Red Sea coast. The sources stressed that Defense Secretary Pete Hegseth has not formally ordered a review of the U.S. military posture in the Middle East, and said the current work is part of prudent planning that could eventually produce options for rebuilding U.S. bases.

Japan's holdings of U.S. Treasuries fell from $1.1431 trillion at the end of May to $1.1167 trillion at the end of June, a drop of about $26.4 billion, while remaining the largest overseas holder. According to Sina Finance, U.S. Treasury Department data showed total foreign holdings declined to $9.299 trillion from $9.371 trillion, and foreign official holdings fell by about $70 billion to $3.778 trillion, the lowest since February 2024.
The article said Japan's net sales in June were about $26.9 billion, following net sales of about $62.6 billion in May. It also noted that foreign official holdings of short-term Treasury bills fell from $396.2 billion to $360.6 billion, while medium- and long-term Treasuries declined from $3.4518 trillion to $3.4175 trillion.
The report added that total TIC flows in June still showed a net inflow of $133.5 billion, including $85 billion from private investors and $48.4 billion from official investors. Foreign residents bought a net $207.1 billion of long-term securities, with private investors accounting for $169.8 billion, while foreign residents reduced short-term Treasury bill holdings by $29 billion.

SK Hynix said it will allocate at least 50% of the free cash flow generated between 2025 and 2027 to shareholder returns. According to Odaily, the company also plans to buy back 40 trillion won of treasury shares for cancellation to boost shareholder returns. Its after-hours share losses narrowed following the announcement.

FGE NexantECA Chairman Emeritus Fereidun Fesharaki told Bloomberg TV that Iran can survive only a few more months of curtailed income from the Strait of Hormuz conflict, according to Bloomberg.
He said the US may choose to wait out the regime in hopes of securing a better deal.

According to Jin10, Danske Bank senior analyst Kirstine Kundby-Nielsen and chief analyst Jens Peter Sorensen said the Federal Reserve is expected to raise rates once in December 2026 and once in March 2027 to respond to potential inflation pressure. They said the key policy rate would then rise to 4.00%-4.25%, and noted in their report that they still think a rate hike could come earlier, but the latest disappointing data has made the risk balance more even. Money markets currently expect the Fed to raise rates by 23 basis points in December and by a cumulative 33 basis points by March 2027.

Harland & Wolff will spend £3m refurbishing its Belfast cranes Samson and Goliath as part of almost £100m of investment ahead of a major defence contract, according to BBC. The shipyard is the integration and final assembly site for three Royal Navy support ships in the Fleet Solid Support programme. Harland & Wolff, owned by Spain’s state-owned Navantia since January 2025, said the overhaul will include engine work and replacement of key components. Navantia has already expanded the fabrication hall and installed plasma cutting equipment at the Belfast yard, while blocks for the first ship, RFA Resurgent, are due to arrive in Belfast in early 2027.

Ark Invest CEO Cathie Wood said she is avoiding AI chip stocks that depend on memory and instead favors companies such as Cerebras Systems and Groq. According to Sina Finance, she said memory shortages that push prices higher are a warning sign, not a reason to invest.
Wood said high-bandwidth memory is the most cyclical and most easily commoditized part of the semiconductor supply chain. She also said Cerebras and Groq, both backed by Ark's venture fund, are developing AI chips that do not require high-bandwidth memory.
Wood did not name companies, but Samsung Electronics, SK Hynix, and Micron Technology are the world's largest DRAM makers and together control about 90% of global output. She said price increases of threefold, fourfold, or even tenfold are not normal and should be viewed as a negative signal.
Wood compared the situation with Tesla's removal of cobalt from battery design to avoid supply-chain bottlenecks, saying the chip industry is now engineering away its dependence on high-bandwidth memory. Ark sold $1.8 million of AMD shares on Tuesday after selling $13.1 million on Monday, while buying about $7.7 million of Cerebras shares.
JPMorgan estimated that DRAM prices could rise more than 400% from early 2024 through the end of 2026 and called the trend chip inflation. SK Group Chairman Chey Tae-won said current memory prices are unusually high and that the industry should prioritize expanding supply rather than maximizing profits.
Counterpoint Research Director MS Hwang said that although Samsung, SK Hynix, and Micron are all expanding production, meaningful supply relief may not arrive until 2028 at the earliest. In June, Micron CEO Sanjay Mehrotra said memory is a strategic asset in the AI era and said the company had signed agreements with 16 long-term customers for cumulative revenue of about $100 billion by 2030.

According to Jin10, ECB Governing Council member Olli Rehn said keeping inflation expectations stable is crucial.

Johns Hopkins University economist Steve Hanke said the bond market is the only major asset class pricing risk rationally. According to Sina Finance, he told Fortune that the Trump administration had unintentionally created what he called a "deadly combination" for U.S. Treasuries, triggering a selloff and pushing yields higher.
Hanke said the 10-year U.S. Treasury yield could rise another 50 basis points and that he would remain bearish on bonds for a long time. He also said the bond vigilantes have "come out of hibernation" and that yields have already moved beyond an informal line Treasury Secretary Scott Bessent tried to defend.
He said the selloff is being driven by three forces, led by money supply. Hanke pointed to the Divisia M4 measure, which he said is up 6.7% year over year, above his "goldilocks" range of about 6% and above what he считает consistent with the Federal Reserve's 2% inflation target.
Hanke also said rising money growth is lifting inflation expectations, not just realized inflation. He added that the stock market is "sleepwalking," while crude oil is underpriced and could rebound strongly in the next one or two months.

Unitree Technology angel investor Yin Fangming bought a 15% stake in the company in August 2016 for 2 million yuan, valuing the company at 13 million yuan after the investment. According to Odaily, after multiple financing rounds diluted his holdings, Junwan Hongyi, controlled by Yin, held 11.1749 million shares, or about 2.76%, before the IPO and was the company’s 10th-largest shareholder.
Based on the offering market value of 61 billion yuan, the stake was worth about 1.685 billion yuan. After Unitree Technology listed on the STAR Market today and its share price briefly rose above 1,100 yuan, Junwan Hongyi’s holdings climbed to 12.292 billion yuan before easing to 9.878 billion yuan at 884 yuan per share. Yin’s remaining indirect interest was valued at about 1.638 billion yuan, and his paper return on the 2 million yuan angel investment exceeded 819 times, including 1.3106 million yuan from a disclosed equity transfer in 2018.

According to Yonhap, HKET and Investing.com, a fresh selloff in memory-chip shares drove Asian equities sharply lower at midday Wednesday, with only Hong Kong resisting the tide.
Tokyo's Nikkei 225 was down 1,961.63 points, or 2.91%, at 65,499.10 as of 04:33 UTC, pressured by chip-equipment names. Tokyo Electron fell 2.94% and SoftBank Group also declined, echoing an overnight rout in U.S. storage and AI-infrastructure stocks.
Seoul's KOSPI plunged 395.02 points, or 5.75%, to 6,474.81 as of 04:33 UTC, with trading briefly halted after the index slid more than 5%. SK Hynix tumbled 9.09% and Samsung Electronics dropped 7.45%. Separately, the Korea Development Institute raised its 2026 growth forecast to 3.2% from 2.5%, citing stronger-than-expected chip exports and facility investment.
Hong Kong stocks bucked the regional decline, with the Hang Seng Index up 62.23 points, or 0.24%, at 25,533.38 at the midday break, though the Hang Seng Tech Index eased 0.82%. Xiaomi rose about 7% after its results, while Meituan gained 3.10% and Tencent added 1.08%. Baidu slumped more than 11% following its earnings, and Hua Hong Semiconductor fell more than 12%; oil producers advanced, with PetroChina up over 2%.
Taiwan's TAIEX fell 717.72 points, or 1.58%, to 44,590.96 as of 04:33 UTC. TSMC slipped 1.47%, with weakness concentrated in weighted electronics names.
In mainland China, the Shanghai Composite closed the morning down 78.13 points, or 1.96%, at 3,912.17, while the Shenzhen Component lost 3.97% and the ChiNext dropped 4.98%. Unitree Robotics made its Star Market debut, closing the morning at 883.87 yuan, up 486.12%, after opening 629% above its IPO price.

A whale has held a ChangXin Memory Technologies position for 24 days after opening it on July 26 and increased the stake from 2,390,881.4 shares to 2,900,641 shares. According to Odaily, the position is valued at $24.52 million, has an unrealized profit of $5.65 million, and has paid $4.044 million in funding fees. The position accounts for 37.2% of the pair's open interest and remains far from its liquidation price. It may belong to an investor or an employee holding vested shares, who is selling through the hedging position at a preset price.

Nexo Australia has launched crypto-backed credit lines after becoming a credit representative under Australia’s National Consumer Credit Protection Act, the company said in a Tuesday announcement shared with Cointelegraph. The new offering allows eligible clients to borrow Australian dollars or stablecoins by using their cryptocurrencies as collateral without selling their holdings. Funds are generally available within 24 hours, and the credit lines include flexible repayments, no fixed term and no origination fees. Interest rates range from 0.9% to 21.9%, depending on the credit line and the client’s loyalty tier. Peter Stanhope, general manager at Nexo Australia, said clients can choose between Smart and Standard credit lines. He said the main differences are in rates, asset selection and how client collateral is managed if the loan-to-value ratio rises.
According to Cointelegraph, Nexo said borrowing against digital assets carries margin-call and liquidation risks, which means clients could lose some or all of their collateral if its value falls. The launch makes Nexo one of the few crypto platforms offering regulated crypto-backed credit lines to Australian users. In May 2026, Block Earner became the first crypto company in Australia to secure its own Australian Credit License from ASIC. Nexo Australia is also registered with AUSTRAC as a virtual asset service provider and is a member of the Australian Financial Complaints Authority (AFCA).

According to Jin10, Iran's deputy communications minister said fiber optic access registrations rose from 350,000 over the past two years to 1 million this year, and user access to the technology increased fourfold. He also said Iran Telecom's renovation plan is under way to replace copper cable networks with fiber optic networks and improve data transmission speeds and communication coverage.

Kingsoft Software (3888) said first-half net profit rose 100% year on year to RMB 1.64 billion, while revenue increased 6.1% to RMB 4.93 billion, according to Ming Pao.
The company did not declare an interim dividend. Adjusted profit fell 13% to RMB 580 million.

According to Jin10, Morgan Stanley lowered Baidu's 2026 to 2028 core revenue forecasts by 1% to 9% and cut its non-GAAP operating profit forecasts by 6% to 31% to reflect weak revenue and higher AI investment. It also cut Baidu's U.S.-listed share price target by 38.5% from $130 to $80, equal to 10 times its 2027 forecast earnings, and downgraded the stock from Equal-Weight to Underweight.

Binance Wallet announced on X that users can claim and use a Trial Voucher to access Prediction Markets through the Binance App by navigating to Exchange, then Markets, then Prediction, or by going to Wallet, Home, then Prediction. The instructions say users should claim the voucher from the pop-up, choose an eligible Dota 2 match market, select a prediction, apply the Trial Voucher in the order panel, and then submit the order. The announcement also states that Prediction Markets are available only to users in eligible regions and may not be available to all users.
The post outlines the process in a step-by-step format for users who can access the feature. After opening Prediction Markets in the app, users are directed to select an eligible Dota 2 match market before placing a prediction. The Trial Voucher is then applied during order submission through the order panel. Binance Wallet did not provide additional details beyond the access path and usage steps. The announcement also notes that availability depends on regional eligibility, meaning some users may not see the feature in their app.

Proya Cosmetics Co. will expand in the US this year through a partnership with Ulta Beauty Inc., according to Bloomberg.
The move comes as China’s biggest beauty company looks overseas for growth amid fierce competition at home.

According to Jin10, southbound funds recorded a net selloff of HK$10.621 billion today. In Southbound Trading via Shanghai, Tracker Fund of Hong Kong and Hua Hong Semiconductor were the biggest net sellers, with net outflows of HK$1.79 billion and HK$1.104 billion, respectively, while Semiconductor Manufacturing International Corporation led net buying with HK$934 million. In Southbound Trading via Shenzhen, Hua Hong Semiconductor and Semiconductor Manufacturing International Corporation were the biggest net sellers, with net outflows of HK$1.864 billion and HK$1.446 billion, respectively, while Tencent Holdings led net buying with HK$311 million.

According to Wallstreetcn, Target reported second-quarter net sales of $26.54 billion versus expectations of $26.11 billion, adjusted earnings per share of $4.11, and same-store sales growth of 3.8% versus expectations of 2.43%; the company also projected full-year adjusted earnings per share of $9.90 to $10.90, and its U.S. shares fell nearly 1% in premarket trading.

Weibo reported second-quarter 2026 total revenue of $453.8 million, or about 3.08 billion yuan, with advertising revenue of $381 million and adjusted operating profit of $125.4 million. According to Sina Finance, the company said adjusted operating margin reached 28%.
As of the end of the second quarter, Weibo said monthly active users reached 561 million and daily active users reached 254 million. The company also said it continued to focus on user experience, platform operating efficiency, content quality, and AI investment in product operations.
Weibo said video playback-page consumption time kept growing at a double-digit pace year on year in the second quarter, while premium video content supply across the platform also rose by double digits quarter on quarter. It said it will further expand video creator recruitment in the second half of the year.
In social and search products, Weibo said Super Topics' daily active users and discussion users both rose by double digits year on year in the second quarter. It also said it is deepening multi-turn dialogue features and integrating AI search more naturally into content consumption scenarios.
On monetization, Weibo said its advertising and sales teams focused on expanding content marketing across more industries and improving ad conversion with AI. It cited the Wanglaoji and Haaland collaboration as an example, saying related topics drew more than 540 million reads and over 1.4 million discussions on Weibo. The company also said AI-generated materials accounted for 50% of feed auction ad spending in June.

China Resources Beer (0291) Chief Financial Officer Yang Hongxia said at the interim results briefing that the company's full-year dividend payout ratio last year was about 53% and is expected to rise to at least above 55% in 2026.
She added that the company will continue to work to lift its dividend payout level in the medium to long term to reward shareholders, with a long-term target of 60%, according to Ming Pao.

According to Jin10, Japan's 40-year government bond yield fell 6 basis points to 4.145%.

Demand for travel eSIMs is expected to jump by about one-third this year, posing a threat to traditional mobile carriers. According to Sina Finance, FDM CCS Insight analyst Joe Gardner estimated that global travel eSIM usage will reach 134 million this year, up from 101.8 million in 2025.
Consumers can download eSIMs from multiple providers, including Airalo, which has raised nearly $300 million from investors such as CVC, and Saily, operated by Nord Security, the developer of NordVPN. These providers offer data plans for outbound travelers at prices that are usually far below the roaming packages offered by users' existing carriers.
Gardner said roaming accounts for 3% to 5% of revenue at established mobile telecom companies, and that this revenue typically carries higher margins. He added that how carriers respond to the challenge, whether through product innovation, price matching, or better service quality, will determine how much of that revenue is at risk.
Sensor Tower data showed that the five most popular eSIM apps had more than 26 million downloads so far this year, after 36.4 million downloads in 2025. Revolut and Klarna also offer eSIM data packages to their customers.
STL Partners researchers estimated the travel eSIM market was worth 649 million pounds in 2025 and could rise to 3.2 billion pounds by 2030. GSMA data showed that in 2025, more than 326 phones, including Apple's iPhone lineup, supported eSIM, up nearly 50% from a year earlier.
Saily CEO Vykintas Maknickas said rising consumer awareness is benefiting the eSIM market. He said the market has moved from the user education stage to the user conversion stage, and conversion is still accelerating.

Estée Lauder Cos. posted quarterly results that beat estimates and ended three straight annual revenue declines, according to Bloomberg.
The results suggest the beauty conglomerate’s turnaround efforts are gaining momentum.

Foreign investors sold a net 3.485 trillion won in South Korean stocks on July 19, while institutional investors sold 1.324 trillion won and individual investors bought 4.633 trillion won, according to South Korean exchange data. According to Odaily, foreign investors had bought a net 8.129 trillion won over the previous five trading days from July 11 to July 18.
The article said most foreign buying from July 12 to July 18 went into semiconductor stocks, especially Samsung Electronics and SK Hynix. It added that foreign investors were betting on the AI chip cycle rather than a broad recovery in risk appetite for South Korean equities.
The shift was linked to a rapid rise in long-term U.S. and Japanese government bond yields. The U.S. 30-year Treasury yield rose to 5.337% intraday on July 18, its highest level since 2007.
Market analysts said the increase in long-term U.S. yields was driven by wider fiscal deficits, heavier Treasury issuance, and more bond issuance by large technology companies tied to AI data center investment, rather than expectations of renewed Federal Reserve rate hikes. Some analysts said the rate shock may not lead to sustained capital outflows if U.S. inflation and geopolitical risks ease and term premiums decline.

Natural gas prices are about twice year-ago levels as the Iran war remains in limbo, according to Bloomberg.

According to Jin10, Estée Lauder (EL.N) shares rose 8% in premarket trading after the company said annual profit is expected to come in above forecasts.

According to Jin10, a UAE official said reports about providing financial facilitation to Iran were untrue.

According to Jin10, India's central bank governor said inflation is expected to peak in the third quarter before easing.

According to Jin10, Fars News Agency reported that Iran earned $7.5 billion in oil-related foreign exchange revenue in the first four months of this year and has provided the funds to Iran's central bank. Fars News Agency, citing information from Iran's Ministry of Petroleum, said the revenue was 1.5 times the amount in the same period last year and is expected to cover the government's foreign exchange spending through December 31.