Israeli news site YNet reported President Trump warned Iran he would hold Tehran responsible if it launched an attack that provoked an Israeli response, escalated the situation and derailed talks.

Orient Securities research note says restraint by the US and Iran has improved expectations for Strait of Hormuz transit, creating a near-term window for the chemical sector. The firm views chemical fundamentals and valuations as close to a trough and recommends prioritizing sub-sectors and stocks with strong Q2 earnings that can support valuations during sector volatility. It flags phosphate chemicals as a recovery opportunity after a 50,000-ton sulfur cargo transited the Strait of Hormuz to a southern Chinese port, a signal likely to improve phosphate producers’ profit outlook. Recommended plays include MDI leader Wanhua Chemical, PVC-related names, leading refining & petrochemical firms, and agrochemical tech/service leaders. Key risks are demand falling short of expectations, policy uncertainty and large oil-price swings.

波罗的海国际航运公会（BIMCO）：我们认为航运业的安全形势依然动荡不安。