Market sources say the EU has asked relevant bodies for advice to assess additional financing needs.

Financial Times reports Abu Dhabi National Oil Company (ADNOC) plans to build a pipeline to bypass the Strait of Hormuz for refined petroleum products.

Shanghai issued measures to deepen its global asset management centre: it will support listings and M&A of tech-heavy enterprises to raise the technology content and quality of equity assets; expand FTZ offshore bonds, Yulan bonds, Panda bonds and Sci‑tech bonds to broaden and balance bond supply; support eligible asset managers to participate in REITs and position Shanghai as the preferred national venue for REIT issuance and trading; and widen use of supply‑chain bills while accelerating development of real estate trusts, equity trusts and other alternative-asset supply.