Iran's foreign ministry spokesperson said Iran will not implement commitments in the memorandum of understanding with the US so long as the US does not fulfill its own commitments.

TrendForce’s latest memory-price survey says high-layer 3D NAND and other higher-value products are displacing mature-process capacity, creating an acute MLC NAND shortage that is pushing some industrial, automotive and networking customers to convert orders to SLC NAND. Combined with rising SLC demand from AI edge compute, data centers and automotive electronics, the supply gap should widen; TrendForce estimates SLC NAND contract prices will rise 120-170% in H2 2026 versus H1, with further upside not ruled out.

U.S. crude (WTI) and Brent continued to rise intraday, trading at $74.71/bbl and $79.50/bbl respectively.