Overview of Overnight News on August 12
1. The U.S. military reported a missile strike on a commercial ship headed for an Iranian port.
2. International oil prices rose on the 11th. Light crude oil futures for September delivery on the New York Mercantile Exchange increased by $1.07, closing at $83.20 per barrel, a gain of 1.3%; October delivery Brent crude oil futures rose by $1.19, closing at $88.91 per barrel, a gain of 1.36%.
3. A federal judge in the U.S. ordered the United States Postal Service to halt mail-in voting restrictions based on an executive order by President Trump.
4. Due to the impact of the war in Iran, global shipping companies are searching for alternative routes, leading to increased congestion in the Panama Canal. A container ship named Seaspan Benefactor paid a bidding fee of $4 million to skip the line for priority passage through the Panama Canal, an amount close to historical highs.
5. The Houthi forces claimed to have targeted military sites associated with Saudi Arabia in multiple locations in Yemen.
6. The Bank of France cited a monthly business survey on Tuesday, stating that GDP is expected to grow by 0.2% in the third quarter.
7. Apple is experiencing another executive change, as Bailey, the head of payment and wallet services, will retire.
8. Google announced that Gemini's monthly user count has surpassed 1 billion.
9. Iranian Oil Minister: Iran's natural gas daily production capacity is expected to see a significant rebound.
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