The head of the IEA's oil division said a further IEA-coordinated emergency release of oil stocks is possible, but it was not discussed today.

Shanghai tin 2607 futures jumped intraday, rising 3.67% to 443,200 yuan/ton. Turnover was about CNY 64.984 bln. Open interest increased by more than 6,000 contracts intraday as volume and OI activity rose in tandem.

Iran's foreign ministry on the 1st condemned continued US and Israeli violations of the ceasefire, saying any breach on any front constitutes a violation of the entire ceasefire arrangement. It reiterated the April 8 ceasefire — including its application to Lebanon — and said the US must be held responsible for its own violations and accountable for Israeli actions. The statement added Iran would, under the right of self‑defense in international law, "use all capabilities to defend its interests" if necessary.