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According to the Iraqi Ministry of Oil, Iraq and Turkey have agreed to continue technical and legal consultations regarding oil exports.

Morgan Stanley analysts stated that investors should consider expanding their investments to include stocks that do not rely on AI and those that can provide returns, in order to reduce portfolio volatility. In addition, they said investors should hold stocks with continuously improving fundamentals, such as those benefiting from the reopening of the Strait of Hormuz. "Europe offers ample diversification potential, continuously improving fundamentals, and a structurally rising degree of stock dispersion." Morgan Stanley analysts believe that stocks such as UK defense group Rolls-Royce and British Airways parent company IAG will benefit from the reopening of the strait.

```htmlGolden Ten Data Futures, July 3 — According to foreign media reports, the Baltic Dry Bulk Freight Index closed higher on Friday, reaching its highest level in two weeks. This was mainly supported by the strengthening of Capesize vessel freight rates. The Baltic Dry Bulk Freight Index rose by 67 points or 2.5% from the previous trading day to 2,717 points, marking its highest level since June 19. The index gained a total of 7.6% this week. The Capesize vessel freight rate index increased by 179 points or 4.6% to 4,100 points, rising by 12% this week—the largest weekly gain since mid-April. The daily average profit for Capesize vessels increased by $1,618 to $33,678. The Panamax vessel freight rate index rose by 8 points or 0.4% to 2,203 points, up more than 4% for the week and recording a consecutive second week of gains. The daily average profit for Panamax vessels increased by $67 to $19,825. The Supramax bulk carrier index fell by 2 points or 0.1% to 1,673 points.```