UK Wage Growth Slows to 3.6% as Inflation Pressures Complicate Bank of England Outlook 
Oil Prices Slip Amid Iran Ceasefire Extension, Hormuz Disruptions Keep Markets Tense 
Asian Stocks Mixed as Tech Shares Decline While Japan’s Nikkei Hits Record High 
U.S. Stock Futures Hold Steady as Investors Monitor Iran Tensions and Key Economic Events 
Gold Prices Fall Amid Rate Jitters; Copper Steady as China Stimulus Eyed 
US Dollar Slips Amid Iran Tensions and Fed Leadership Uncertainty 
South Korea Central Bank Signals Cautious Policy Amid Inflation and Middle East Tensions 
Asian Currencies Slip as Dollar Gains Safe-Haven Strength Amid U.S.-Iran Tensions 
Gold Prices Drop as Oil Rally and U.S.-Iran Tensions Shake Markets 
The ongoing trade tensions between the United States and China is not bearing well for the U.S. oil companies, which initially witnessed a surge in oil imports from China as the Chinese government worked to please the U.S. President Donald Trump by increasing imports of oil and products in order to reduce the trade deficit.
However, according to data from JODI, after receiving more than 15 million barrels of oil from the United States in June period and receiving 12 million barrels of crude oil in July, Chinese imports of U.S. crude has come to a grinding halt in August for the first time in two years.
This year, the United States and China have imposed tariffs on $360 billion worth of bilateral trade already and the trade tensions are still brewing.
