SENIOR IRANIAN SOURC: DIFFERENCES OVER NUCLEAR PROGRAMME REMAIN UNRESOLVED, GAPS HAVE NOT NARROWED

Iron ore prices rose as strong Chinese demand and tight near-term supply supported the market ahead of the May Day holiday (May 1–5). Singapore futures climbed as much as 0.6% to $106.40, while Dalian prices also advanced. CITIC Futures’ Chenxi Gui said mills are restocking amid low inventories and resilient molten iron production. Port stockpiles fell 0.7% to 164.8 million tons, the second weekly decline. However, gains may be limited due to weak broader demand, supply uncertainty, and sensitivity to US–Iran tensions and the BHP supply dispute.

伊朗外交部发言人巴加埃：美国封锁伊朗港口和海岸线既违反了巴基斯坦斡旋达成的停火协议，也是非法行为。