DESPITE THE PULLBACK, THE UNDERLYING MARKET REMAINS TIGHT, WITH THE IEA ESTIMATING A GLOBAL OIL SHORTFALL OF 1.8 MLN BARRELS A DAY THIS QUARTER WHILE WARNING HIGHER PRICES ARE BEGINNING TO WEAKEN DEMAND, AND WITH U.S.-IRAN TALKS STILL DEADLOCKED, OIL COULD REMAIN VOLATILE AS A HORMUZ BREAKTHROUGH COULD PUSH PRICES LOWER WHILE FURTHER DISRUPTIONS COULD TRIGGER ANOTHER SHARP RALLY.
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News sources reported that the Saudi Arabian army has shelled areas in northern Yemen - IRIB
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TURKISH FOREIGN MINISTER HAKAN FIDAN SAYS THAT DESPITE THE PALESTINIAN SIDE FULFILLING ITS COMMITMENTS REGARDING THE TRANSITION TO THE SECOND PHASE OF THE GAZA AGREEMENT, ISRAEL'S FAILURE TO TAKE ANY FURTHER STEPS COULD PUSH TÜRKIYE AND OTHER MEDIATORS TO JOINTLY TAKE A 'RADICAL STEP'.
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TURKISH FOREIGN MINISTER HAKAN FIDAN SAYS TÜRKIYE EXPECTS THE UNITED STATES TO APPLY THE NECESSARY PRESSURE ON ISRAEL, ADDING THAT OTHERWISE TÜRKIYE, QATAR AND EGYPT WILL HAVE TO TAKE RADICAL STEPS ON THE ISSUE AS A RESPONSIBILITY THEY OWE TO THEIR NATION, THEIR PEOPLE AND THE PALESTINIANS.
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TURKISH FOREIGN MINISTER HAKAN FIDAN SAYS ON EGYPT'S POSSIBLE MEMBERSHIP TO THE MECCA ALLIANCE THAT WHILE IT IS CURRENTLY EVALUATING CERTAIN DETAILS, EGYPT IS TÜRKIYE'S NATURAL PARTNER AND WILL HOPEFULLY SOON BECOME AN OFFICIAL PARTNER AS WELL
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TURKISH FOREIGN MINISTER HAKAN FIDAN SAYS THAT ASKED WHETHER OTHER ALLIANCES ARE BEING FORMED IN THE REGION AGAINST TÜRKIYE, YES THERE ARE, NOTING THAT BEFORE THE MECCA ALLIANCE WAS SIGNED, ISRAEL, THE GREEK CYPRIOT ADMINISTRATION AND GREECE ESTABLISHED A SECURITY ALLIANCE IN THE MEDITERRANEAN.
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TURKISH FOREIGN MINISTER HAKAN FIDAN SAYS TÜRKIYE LIES TO THE NORTH OF THE MEDITERRANEAN AND EGYPT TO THE SOUTH, WITH THAT ALLIANCE 'DRAWING A LINE RIGHT THROUGH THE MIDDLE' FOR A CLEAR PURPOSE, WHEREAS TÜRKIYE'S OWN ALLIANCE IS NOT DIRECTED AGAINST ANY COUNTRY BUT IS ABOUT CREATING A FRAMEWORK FOR COOPERATION AND ESTABLISHING DETERRENCE.
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TURKISH FOREIGN MINISTER HAKAN FIDAN SAYS ON GAZA THAT NETANYAHU AND HIS TEAM ARE INCREASINGLY ESCALATING POLICIES THAT 'TRAMPLE ON HUMAN DIGNITY' AND ADOPTING AN ATTITUDE THAT IS VIRTUALLY PROVOKING THE ENTIRE INTERNATIONAL COMMUNITY.
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TURKISH FOREIGN MINISTER HAKAN FIDAN SAYS THE POLICIES PURSUED BY NETANYAHU AND HIS ASSOCIATES HAVE BECOME NOT MERELY AN ISSUE CONCERNING GAZA, THE MIDDLE EAST OR THE REGION, BUT A SECURITY PROBLEM THAT CONCERNS THE ENTIRE INTERNATIONAL COMMUNITY.
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U.S. CENTCOM COMMANDER ADM. BRAD COOPER IS PUSHING FOR RENEWED ATTACKS ON IRAN DURING AN ISRAEL VISIT DESPITE THE U.S. CALL TO CLOSE ALL FRONTS LAST WEEK - ISRAEL'S CHANNEL 13
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ADM. BRAD COOPER CALLED FOR RENEWED STRIKES ON IRAN'S GAS, OIL AND ELECTRICITY INFRASTRUCTURE - ISRAEL'S CHANNEL 13
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U.S. CENTCOM COMMANDER ADM. BRAD COOPER HAS TOLD SENIOR IDF OFFICIALS THE U.S. MAY HAVE NO CHOICE BUT TO RESUME FIGHTING AND WOULD NEED ISRAEL FOR JOINT STRIKES - ISRAEL'S CHANNEL 13
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YEMENI ARMED FORCES TARGETED A VITAL CENTER IN AL-HARIQIYAH, NEAR THE BAB AL-MANDAB STRAIT, WITH TWO BALLISTIC MISSILES - IRIB CITING ARAB SOURCES
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THE U.S. INDEPENDENT AGENCY NTSB SAYS BIRD REMAINS INCLUDING FEATHERS WERE FOUND NEAR THE ENGINE IN THE JULY RYANAIR INCIDENT, ADDING THAT THE ENGINE INVOLVED HAD BEEN INSPECTED IN MAY WITH NO FINDINGS.
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THE NTSB SAYS IT IS STILL INVESTIGATING WHETHER THERE ARE SIMILARITIES BETWEEN THE RYANAIR CASE AND OTHER CASES LIKE THE 2018 SOUTHWEST AIRLINES ENGINE INCIDENT.
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U.S. CRUDE OIL FUTURES SETTLE AT $81.25/BBL, DOWN $2.02, OR 2.43%
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APPLE HAS OPENED AN ADVANCED MANUFACTURING CENTER IN HOUSTON, INVESTING HUNDREDS OF MILLIONS OF DOLLARS IN THE FACILITY AND SHIPPING ITS FIRST ADVANCED AI SERVERS FROM IT, WITH MAC MINI MANUFACTURING SET TO BEGIN IN HOUSTON THIS YEAR
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TRUMP SAYS THERE WAS A 'BIG WIN' TODAY AT THE U.S. COURT OF INTERNATIONAL TRADE ON THE 'DE MINIMIS' EXEMPTION, WHICH HE CALLS ONE OF THE MOST DESPICABLE LOOPHOLES IN AMERICAN TRADE POLICY, SAYING THAT FOR YEARS FOREIGN SHIPPERS COULD SEND PACKAGES WORTH UP TO $800 INTO THE U.S. DUTY FREE AND THAT IT BECAME A LOOPHOLE FOR TARIFF CHEATS AND A PIPELINE EXPLOITED BY FENTANYL TRAFFICKERS AND COUNTERFEITERS. - TRUTH SOCIAL
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TRUMP SAYS THE EXEMPTION COST AMERICA AN ESTIMATED $10.8 BLN IN FOREGONE TARIFF REVENUE IN 2024 ALONE BEFORE HE CLOSED IT, AND THAT AFTER IMPORTERS SUED, THE COURT RULED THE PRESIDENT HAD THE LEGAL AUTHORITY TO RESCIND THE 'PRIVILEGE', ADDING THAT AMERICA IS NOW SAFER AND THAT BILLIONS IN TARIFF REVENUE CAN INSTEAD HELP PAY FOR THE MILITARY, TAX RELIEF, NO TAX ON TIPS AND NO TAX ON SOCIAL SECURITY. - TRUTH SOCIAL
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APPLIED MATERIALS OPTIONS VOLUME SURGES TO 92,686 CONTRACTS, MORE THAN DOUBLE ITS 20-DAY AVERAGE, AHEAD OF EARNINGS. || AMAT TRADES AT $555.35, WITH HEAVY ACTIVITY IN $400 PUTS AND $600 CALLS; OPTIONS MARKET SHOWS HEIGHTENED POSITIONING AHEAD OF RESULTS.
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BRENT CRUDE FUTURES SETTLE AT $87.07/BBL, DOWN $1.91, OR 2.15%
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