A diplomat familiar with the talks said transit fees are not on the agenda, but Iran is expected to propose environmental, navigation and security fees.

China Galaxy Securities strategist Yang Chao said H2 investment conditions should improve as oil prices ease, supporting a return to multi-theme, parallel market rallies. Cap-style should become more balanced with a gradual tilt toward mid- and large-cap leaders. Growth is likely to outperform, backed by earnings and ongoing policy implementation, drawing resources to technology and high-end manufacturing. Key structural plays: AI “infrastructure” — overseas AI capex expansion combined with China’s new infrastructure should accelerate build-out of compute, telecoms and power, sustaining sector cyclicality; cyclicals and manufacturing — imported inflation is lifting price floors and, together with new infrastructure and a pick-up in export-driven manufacturing demand, could support a recovery in some commodities and cyclical manufacturing names; and dividend sectors with expected earnings improvement and stable, sustainable payouts.

港股收盘，恒指收涨0.33%，科指收涨1.81%。半导体板块全天上扬，华虹宏力(01347.HK)涨超15%，中芯国际(00981.HK)涨近9%。