šŸ”“ Hot News šŸŒŽšŸ„‡šŸ”„:

1. The Chinese Foreign Ministry announces that Wang Yi will visit Myanmar from August 14 to 17. He will then head to Thailand to chair the 9th Foreign Ministers' Meeting on Lancang-Mekong Cooperation and attend an informal meeting with ministers from China, Laos, Myanmar, and Thailand.

2. Bank of America flags a shift in concerns, stating that a potential US recession has now overtaken geopolitical conflict as the major risk on the horizon.

3. Iran's Press TV reports that a Hamas representative in Iran has vowed "massive" revenge against Israel in response to Haniyeh's assassination.

4. Israeli media warns that if Iran or Hezbollah launches an attack, the upcoming ceasefire negotiation meeting scheduled for Thursday might be canceled.

5. The International Energy Agency (IEA) reports that OPEC+ production cuts are tightening physical markets. Currently, supply is struggling to keep up with peak summer demand, pushing the market into deficit.

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