{"id":64115,"date":"2026-07-02T08:08:15","date_gmt":"2026-07-02T12:08:15","guid":{"rendered":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/saudi-crude-exports-surge-as-hormuz-traffic-recovers-tesla-china-sales-hit-89k-in-june\/64115\/"},"modified":"2026-07-02T08:08:15","modified_gmt":"2026-07-02T12:08:15","slug":"saudi-crude-exports-surge-as-hormuz-traffic-recovers-tesla-china-sales-hit-89k-in-june","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/saudi-crude-exports-surge-as-hormuz-traffic-recovers-tesla-china-sales-hit-89k-in-june\/64115\/","title":{"rendered":"Saudi Crude Exports Surge as Hormuz Traffic Recovers; Tesla China Sales Hit 89k in June"},"content":{"rendered":"<h2>Key Takeaways<\/h2>\n<ul>\n<li><strong>Saudi Arabia&#39;s crude exports<\/strong> from the Persian Gulf have reached their highest level since the Iran war truce, with <strong>8 million barrels<\/strong> exiting the Strait of Hormuz on Thursday.<\/li>\n<li><strong>Tesla (<a href=\"\/stock\/TSLA\">TSLA<\/a>)<\/strong> sold <strong>89,091 China-made vehicles<\/strong> in June, according to CPCA data, continuing a recovery trend in the world&#39;s largest EV market.<\/li>\n<li><strong>CME Group (<a href=\"\/stock\/CME\">CME<\/a>)<\/strong> reported a record June average daily volume of <strong>30.6 million contracts<\/strong>, representing a <strong>19% year-over-year increase<\/strong>.<\/li>\n<li><strong>US Nonfarm Payrolls<\/strong> are projected to slow to approximately <strong>110,000\u2013115,000<\/strong> in June, down from May&#39;s surprise of 172,000, while wage growth remains firm.<\/li>\n<li><strong>JPMorgan (<a href=\"\/stock\/JPM\">JPM<\/a>)<\/strong> is reportedly joining Gulf lenders to arrange a <strong>$7 billion debt financing<\/strong> package for infrastructure projects in Syria.<\/li>\n<\/ul>\n<h2>Energy Markets: Saudi Exports and Regional Stability<\/h2>\n<p><strong>Saudi Arabia<\/strong> is ramping up crude exports from its main Persian Gulf terminals following an interim peace deal between Washington and Tehran. On Thursday, four supertankers owned by <strong>Bahri<\/strong> carrying roughly <strong>8 million barrels<\/strong> of crude loaded at <strong>Ras Tanura<\/strong> were spotted in the Gulf of Oman. This surge comes as traffic through the <strong>Strait of Hormuz<\/strong> returns to normalcy, with vessels increasingly moving in US-administered convoys to clear the strategic waterway.<\/p>\n<p>In a shift from its typical long-term contract model, <strong>Saudi Aramco (<a href=\"\/stock\/2222.SR\">2222.SR<\/a>)<\/strong> has reportedly sold at least <strong>6 million barrels<\/strong> on a spot basis to Asian buyers. This move is seen as an effort to regain market share as regional flows recover. Meanwhile, <strong>India&#39;s<\/strong> Petroleum Minister <strong>Hardeep Singh Puri<\/strong> stated there are no immediate plans to reduce domestic fuel prices, noting that state-run oil marketing companies are still recovering from <strong>\u20b974,781 crore<\/strong> in losses incurred during the height of the conflict.<\/p>\n<h2>Automotive and Manufacturing: Tesla&#39;s China Momentum<\/h2>\n<p><strong>Tesla (<a href=\"\/stock\/TSLA\">TSLA<\/a>)<\/strong> delivered <strong>89,091 vehicles<\/strong> manufactured at its Shanghai Gigafactory in June, according to the <strong>China Passenger Car Association (CPCA)<\/strong>. This figure represents a steady performance as the company utilizes aggressive financing incentives to combat intensifying competition from domestic rivals like <strong>BYD (<a href=\"\/stock\/BYDDY\">BYDDY<\/a>)<\/strong>. The June results follow a strong May, where wholesale volumes hit a 2026 high, signaling a robust second-quarter finish for the automaker in the Chinese market.<\/p>\n<h2>Financial Services: Record Volumes and Infrastructure Loans<\/h2>\n<p><strong>CME Group (<a href=\"\/stock\/CME\">CME<\/a>)<\/strong> saw its average daily volume (ADV) jump <strong>19%<\/strong> in June to <strong>30.6 million contracts<\/strong>. The growth was spearheaded by a <strong>54% surge<\/strong> in equity index products and a <strong>76% increase<\/strong> in cryptocurrency volume. The exchange recently launched <strong>24\/7 trading<\/strong> for crypto futures and options, a structural shift aimed at accommodating the &quot;always-on&quot; nature of digital asset markets.<\/p>\n<p>In the banking sector, <strong>JPMorgan Chase (<a href=\"\/stock\/JPM\">JPM<\/a>)<\/strong> is reportedly collaborating with <strong>Qatar National Bank<\/strong> and <strong>Abu Dhabi Commercial Bank<\/strong> on a <strong>$7 billion loan<\/strong> for a Qatari firm\u2019s projects in <strong>Syria<\/strong>. The financing is intended for massive power generation infrastructure, including <strong>4,000 MW of gas-fired<\/strong> and <strong>1,000 MW of solar<\/strong> capacity. If confirmed, this would mark one of the largest foreign capital commitments to Syria&#39;s post-conflict reconstruction to date.<\/p>\n<h2>Economic Indicators: US Labor Market Preview<\/h2>\n<p>Wall Street is bracing for the <strong>US Bureau of Labor Statistics<\/strong> employment report, with consensus estimates pointing to a cooling labor market. <strong>Nonfarm payrolls<\/strong> are expected to rise by approximately <strong>115,000<\/strong>, a significant deceleration from the <strong>172,000<\/strong> jobs added in May. Despite the slower hiring pace, <strong>average hourly earnings<\/strong> are forecast to hold firm with a <strong>0.3% monthly increase<\/strong>, keeping annual wage growth around <strong>3.5%<\/strong> as the <strong>Federal Reserve<\/strong> monitors inflationary pressures.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Key Takeaways Saudi Arabia&#39;s crude exports from the Persian Gulf have reached their highest level since the Iran war truce, [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":50383,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center 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