[U.S. August Trade Deficit Reaches $105.6 Billion, IEA Plans to Release Oil Reserves]
The U.S. August trade deficit reached $105.6 billion. The IEA is expected to finalize a plan to release 100 million barrels of oil reserves from the G7 on October 14-15. Hormuz crude oil flow is recovering, diesel remains in severe shortage, and Qatar stated that negotiations to end regional conflicts are ongoing. Bank of Japan Governor Kazuo Ueda indicated that policy interest rates will be raised based on economic, price, and financial conditions. U.S. President Trump is considering suspending the federal gasoline tax. The Intercontinental Exchange launched gold futures trading in London. The Ministry of Commerce responded to questions regarding France and Germany's request for the EU to strengthen trade defense tools, while China addressed the UK's consideration of raising tariffs on Chinese electric vehicles. Starting October 10, domestic airline fuel surcharges will be increased. (Source: Jintou)
