Houthis, aligned with Iran, claimed they used a drone to attack Saudi Aramco’s Jazan refinery early Sunday, after…

The Strait of Hormuz has been disrupted for months, reducing oil flows and contributing to global jet fuel shortages, according to Energy Aspects and the IEA. European airlines warned in July they may run out of jet fuel. Jet fuel prices swung from $215.32/bbl end-March to just over $130. Ryanair said fuel costs rose 11% and Southwest reported Q2 fuel expenses about $900m higher; United expects ~$6bn extra fuel expense in 2026.

US President Donald Trump declined Ukraine’s request to license domestic production of Patriot missile interceptors, citing caution about sharing advanced US weapons technology. Talks continue after earlier indications at a NATO summit. Ukraine says low Patriot stockpiles make co-production urgent. Lockheed Martin, which makes Patriot PAC-3, remains committed to expanding cooperation, according to Ukraine’s ambassador.

The Wall Street Journal, citing U.S. officials, reports President Trump ordered a new U.S. offensive against Iran that could start this weekend. Operations could last several days, amid stalled negotiations after Iran’s attack on U.S. personnel in Jordan. SPY and QQQ fell about 0.5% after-hours, while USO rose about 3%.

This is where China’s rare earth magnet monopoly ends. REalloys (NASDAQ: ALOY) has signed a strategic agreement with permanent magnet manufacturer JS Link to develop one of the first fully integrated non-Chinese rare earth magnet platforms, bringing together feedstock, separation, metallization, and permanent magnet manufacturing under a single North American industrial strategy.

The US wanted to keep Chinese robots out. Beijing’s answer: do this, and we will hit back where it hurts. China has threatened “resolute” retaliation after Washington moved to bar imports of Chinese-made humanoid robots. Its commerce ministry called the measure discriminatory and warned it “severely” damages trade relations, the New York Times and CNBC reported. The ministry demanded that the US withdraw the decision, and threatened countermeasures if it does not.

Caspians Pipeline Consortium (CPC) halted oil loadings at its Black Sea terminal near Novorossiysk after two tanker attacks on July 30. CPC said the NISSOS SIFNOS was hit while loading Tengizchevroil crude at SPM-3 and a fire was extinguished. MARATHI was also attacked. CPC said pipeline facilities operate normally; no injuries or spill reported. CPC warned of impacts to Kazakhstan and shippers including Chevron, ExxonMobil, Eni, TotalEnergies, and Shell.