Around 1400 local time on July 13 Sanaa International Airport was hit by an airstrike. Houthi forces controlling Sanaa accused Saudi Arabia; Yemen’s defense ministry said government forces struck the airport runway to prevent an Iranian aircraft from landing. Sanaa is held by the Houthi movement; the internationally recognized government, backed by Saudi Arabia and other Gulf states, is based in Aden.

Trump said the U.S. will act as a "guardian angel" for the Strait of Hormuz.

JP Morgan raised its price target for Zhipu (02513.HK) by 20% to HKD 2,400 from HKD 2,000, marking a second increase in one week (the bank moved the PT from HKD 1,800 to HKD 2,000 last Tuesday). JP Morgan said proceeds from a USD 4.0 bln equity placement will ease compute-supply bottlenecks and support further model-training investment; the bank added that new inference capacity could convert into annual recurring revenue within 12 months, analysts including Olivia Xu wrote. JP Morgan also cut its price target on MiniMax (00100.HK) to HKD 240 from HKD 300, citing share dilution after the company’s lock-up expiration and the fundraising; this follows a downgrade last week.