Hourly Briefing | 2026-07-11 12:00 CST
Trump threatens Iran with thousands of missiles; Zhejiang raises typhoon alert to Level I as Typhoon Bavie approaches; Russian bombing in Kyiv injures 6
π Market Snapshot
- Spot Gold (XAUUSD): 4119.27, -0.11% intraday, bounced from session low 4072.52, range 62 USD
- WTI Crude Oil (USOIL): 71.42, -0.35% intraday, range 70.68β72.90, weak consolidation
π₯ Key News This Hour
- Trump issues fresh military threat: thousands of missiles aimed at Iran. Trump warned that if Iran acts on its assassination threats, thousands of missiles will be launched. Earlier reports indicated the Trump administration refused to let Israel get involved, while Qatari representatives flew to Iran for mediation.
- Zhejiang raises typhoon emergency response to Level I. Typhoon Bavie (severe typhoon, Category 14) is expected to make landfall along the Zhejiang coast tonight. Jiangsu simultaneously raised its response to Level III, and the National Marine Forecasting Center issued a seawater inundation risk alert.
- Russian bombing strikes Kyiv, Ukraine. The mayor of Kyiv reported multiple districts hit, with 6 people injured.
- Shanghai Shipping Exchange: crude oil freight rates rebounded. VLCC tanker rates continued to recover, with China’s import VLCC shipping rates rising.
- US citizen in DRC diagnosed with Ebola. The US CDC reported a confirmed case of Bundibugyo ebolavirus in the Democratic Republic of Congo.
π§ Outlook
Gold rebounded strongly from the 4072 low to near 4120, with a 62-dollar range reflecting intense tug-of-war between bulls and bears. Trump’s military threats against Iran provided fresh safe-haven support.
WTI is consolidating weakly in the 70β73 range. The VLCC rate rebound may signal marginal improvement in Asian crude demand, but Middle East uncertainty keeps oil’s direction unclear.
US-Iran tensions continue to escalate β Trump is simultaneously blocking Israeli involvement and issuing military threats, while Qatar scrambles to mediate. The Strait of Hormuz geopolitical premium is unlikely to fade in the near term.
Typhoon Bavie, a Category 14 storm, is bearing down on the East China coast. Watch for short-term disruptions to port logistics, shipping, and energy infrastructure.
β° Upcoming Key Data
- Next Week (7/14β7/18): US June CPI (Wednesday), China H1 trade data press conference, Brazil Conab soybean and corn production update
- No major economic data releases today (Saturday)