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Israeli Prime Minister Netanyahu: The Iran issue depends on Trumps decision.Israeli Prime Minister Netanyahu: If Iran launches an attack in any way, our response will be strong.Israeli Prime Minister Benjamin Netanyahu: Irans nuclear program must end, whether through an agreement or not.July 26 - According to Reuters: A senior Iranian source said that Iran will cease its attacks as long as the United States maintains the current ceasefire; after the United States suspended its attacks on Iran, Irans attitude was "more skeptical than optimistic".1. Monday: ① Data: Germanys July IFO Business Climate Index; UKs July CBI Retail Sales Balance; US June Durable Goods Orders (MoM); US July Dallas Fed Business Activity Index. 2. Tuesday: ① Data: US ADP Employment Change (Weekly) to July 11; US May FHFA House Price Index (MoM); US May S&P/CS 20-City Composite Home Price Index (YoY, Unadjusted); US July Conference Board Consumer Confidence Index; US July Richmond Fed Manufacturing Index. ② Event: Speech by RBA Governor Bullock. 3. Wednesday: ① Data: US API Crude Oil Inventories (Week Ending July 24); Australias June Unadjusted CPI (YoY); Switzerlands July ZEW Investor Confidence Index; UK June Bank of England Mortgage Approvals; US EIA Crude Oil Inventories (Week Ending July 24); US EIA Cushing, Oklahoma Crude Oil Inventories (Week Ending July 24); US EIA Strategic Petroleum Reserves (Week Ending July 24). ② Event: SK Hynix releases its Q2 financial report. 4. Thursday: ① Data: US Federal Reserve interest rate decision (to July 29); Frances preliminary Q2 GDP annual rate; Switzerlands July KOF Leading Economic Index; Germanys preliminary Q2 unadjusted GDP annual rate; Eurozones preliminary Q2 GDP annual rate, Eurozones June unemployment rate, Eurozones July industrial sentiment index, Eurozones July economic sentiment index; UK Bank of England interest rate decision (to July 30); Germanys preliminary July CPI monthly rate; US initial jobless claims for the week ending July 25; US June core PCE price index annual rate; US June personal spending monthly rate; US preliminary Q2 real GDP annualized quarterly rate; US preliminary Q2 real personal consumption expenditure quarterly rate; US preliminary Q2 core PCE price index annualized quarterly rate; US June core PCE price index monthly rate; US EIA natural gas storage for the week ending July 24. ② Events: The Bank of Canada releases its monetary policy meeting minutes; the Federal Reserve FOMC announces its interest rate decision and Fed Chairman Warsh holds a monetary policy press conference [with simultaneous interpretation]; the Bank of England announces its interest rate decision, meeting minutes, and monetary policy report, and Bank of England Governor Bailey holds a monetary policy press conference. ③ Earnings Reports: Meta, Microsoft, Qualcomm, and ARM will release their Q2 2026 earnings reports after the US stock market closes on July 29. 5. Friday: ① Data: Japans June unemployment rate; Chinas July official manufacturing PMI; UKs July Nationwide house price index month-on-month; Switzerlands June real retail sales year-on-year; Frances July CPI month-on-month preliminary reading; Germanys July seasonally adjusted unemployment figures and July seasonally adjusted unemployment rate; Eurozones July CPI year-on-year preliminary reading and Eurozones July CPI month-on-month preliminary reading; Canadas May GDP month-on-month; US Q2 labor cost index quarter-on-quarter; US July Chicago PMI; US July University of Michigan consumer sentiment index final reading; US July one-year inflation rate expectation final reading; Japans target interest rate until July 31. ② Events: A new round of price adjustments for domestic refined oil products will begin; the Bank of Japan will announce its interest rate decision and economic outlook report, and Bank of Japan Governor Kazuo Ueda will hold a press conference on monetary policy. ③ Earnings Reports: Amazon and Apple will release their earnings reports after the US stock market closes on July 30. 6. Saturday: ① Data: Total number of US oil rigs for the week ending July 31. 7. Sunday: ① Events: OPEC+ oil-producing countries will hold their monthly meeting on oil policy.

Commodities

As The Dollar Rises, Oil Falls Despite Russian Supply Cuts

On Monday, a stronger dollar and recession fears offset Russia's plans to expand oil supply cuts, sending oil prices lower.