SOUTH KOREA COURT SENTENCES EX-FIRST LADY KIM TO 4 YEARS IN APPEAL RULING - LIVE TV SOUTH KOREA COURT FINES 50 MLN WON ON EX-FIRST LADY KIM - LIVE TV

WTI CRUDE OIL EXTENDS GAINS TO 1% INTRADAY, TRADING AT $99.56 PER BARREL

China Policy & Regulation - NDRC: prohibits foreign acquisition of Manus project, orders transaction to be revoked - Foreign Ministry on US sanctions on Chinese firms: will firmly safeguard legitimate rights and interests of Chinese companies - Finance Ministry: welcomes Moody’s decision to maintain China’s sovereign credit rating and revise outlook to “stable” - China moves to amend enterprise state-owned assets law for the first time in nearly 17 years; agricultural law revision proposed to accelerate development of a strong agricultural sector Geopolitics & Diplomacy - Trump: maintains contact with both Putin and Zelenskiy - Putin meets Iranian Foreign Minister Araghchi; Russian Foreign Minister says talks were productive - White House to hold presidential security meeting this week, attended by operations team, US Secret Service and Department of Homeland Security leadership Geopolitics & Iran Conflict - White House: Trump discussed Iran’s Strait of Hormuz proposal with senior aides - Iranian Foreign Minister: US has requested talks, Iran is considering - Iranian official: transit fees must be settled in Iranian rial - US Secretary of State: cannot accept normalization of Iran controlling the Strait - Pakistan allows third-country goods to transit through its territory to Iran - US media: Trump is skeptical of Iran’s proposal but has not rejected it outright