Japan's TOPIX hit a record high.

The IMF said it remains highly vigilant to the economic fallout from the Middle East war and warned that even if the US and Iran have agreed to reopen the Strait of Hormuz, restoring energy supplies will take time. Managing Director Kristalina Georgieva wrote that commodity prices, inf and expectations, and financial conditions have been affected, though not yet to a degree that signals a global slowdown. She said recent energy shortfalls have been partially offset by a technology investment cycle—notably AI and data centers—benefiting the US and some Asian economies with rapid tech export growth. Most countries, however, have yet to see productivity or growth gains from these technologies, raising the risk of further global economic divergence.

Vance said regarding Iran many details remain to be clarified.