Iraq's cabinet approved an agreement with Syria to transport, store and process Basra light, medium and heavy crude via the Mediterranean ports of Banias and Tartus.

Security in the Strait of Hormuz has deteriorated amid US‑Israel‑Iran fighting, prompting Danish shipping giant Maersk to suspend vessel transits and activate contingency plans, including land routing of cargo. Maersk’s chief commercial officer Carsten Kildahl said the measures protect crew but are creating severe economic pressure: direct Gulf trades and other routes face higher costs from rerouting and rising fuel, with incremental expenses already exceeding $500m/month. The group cannot absorb the full burden and will pass some costs to customers, many of whom are also facing higher raw‑material prices. Industry contacts say higher transport and production costs may feed through to consumer prices.

A股国家大基金持股板块走高，通富微电涨停，佰维存储、江波龙、长川科技、华虹公司、芯原股份等跟涨。