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On July 28, the General Office of the Shanghai Municipal Peoples Government issued the "Implementation Plan for Shanghais Construction of a Pilot Zone for High-Quality Development of Inland Waterway Transportation in the Yangtze River Delta and the Inland Waterway Transportation System Connectivity Project (2026-2030)". The plan proposes to promote coordinated planning and construction of inter-provincial waterways in the Yangtze River Delta waterway network, remove bottlenecks between provinces, and work with neighboring provinces and cities to improve the waterway capacity of the Hangping-Shen Line and Changhu-Shen Line. It also emphasizes strengthening the citys waterway network construction, optimizing the structure of high-grade waterway networks, and advancing the construction of waterways such as the Su-Shen Inner Port Line (provincial border—Wendong Hub), Youdun Port, and Luowen River, while conducting preliminary research on the Dapu Line waterway. Furthermore, it aims to improve the citys planning layout for access to the Yangtze River and the sea, and strengthen efficient connections between inland waterways and ports along the river and coast.July 28 - According to a report by market research and intelligence firm IIR, Saudi Aramco shut down its Jazan refinery in Saudi Arabia on July 27 following an attack on Saturday. The refinery has a daily crude oil processing capacity of 400,000 barrels. The report indicates that the attack damaged the plants integrated gasification combined cycle (IGCC) system and storage tank area. Saudi Aramco expects to complete repairs and restart the refinery by August 15, tentatively.On July 28, local time, Russian Presidential Press Secretary Dmitry Peskov stated regarding the upcoming meeting between Ukrainian President Volodymyr Zelensky and US President Donald Trump that the US has not yet requested a phone call with Russian President Vladimir Putin. He added that the US has not withdrawn from the Ukrainian issue, and Russia and the US maintain working-level contact on this matter. President Zelensky arrived in the US early that morning. He is scheduled to meet with President Trump later that day.Fitch: Even if the Strait of Hormuz reopens quickly, the macroeconomic conditions in developed Europe will still be affected by the spillover effects of the Iran war.India’s manufacturing output rose 7.8% year-on-year in June.

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