ECB President Lagarde: There is no clear evidence that underlying inflation has peaked.

ECB President Lagarde: Price pressures remain strong.

Italian Economy Minister: No plans to levy bank windfall profits tax.

U.S. natural gas futures extended gains, up 5% on the day.

Turkish President Recep Tayyip Erdogan is considering appointing Hafize Gaye Erkan as central bank governor, two sources said. Erdogan is expected to meet with him soon.

US Geological Survey: A magnitude 5 earthquake struck 18 kilometers northwest of Lluta in the Arequipa region of Peru.

Russian Ministry of Defense: Two Russian strategic bombers conducted routine flights over the Barents Sea and the Norwegian Sea.

International Energy Agency Executive Director Birol: Many carbon offset programs are just for PR purposes.

Birol, Director of the International Energy Agency: (The oil industry) is one of the last industries to find a durable solution to carbon emissions.

Birol, Director-General of the International Energy Agency: There is already an imbalance in the oil market in the second half of this year, and this problem will worsen after the OPEC+ decision.

IATA Economist Thomson: A global recession is not expected.

International Atomic Energy Agency (IAEA) Director General Grossi: The process of additional nuclear monitoring of Iran is "very slow".

The French finance minister said that the French factories of STMicroelectronics and GlobalFoundries, a semiconductor foundry company, received 2.9 billion euros in government subsidies.

Market news: Vietnam plans to implement power outages in some northern industrial parks.

Saudi Arabia will start privatizing some sports clubs from the fourth quarter of 2023, according to Saudi state media.

Iranian media Fars News, citing Iranian sources, confirmed reports that Iran opened its embassy in Saudi Arabia on Tuesday.

GBP/USD was down 0.50% on the day at 1.2385.