White House says recent attacks on Iran occurred because Iran violated a memorandum of understanding.

Jiangsu province released 15 targeted measures to strengthen firms' overseas patent layouts and boost international IP competitiveness. Measures are grouped into five areas: industrial innovation quality, targeted enterprise guidance, professional service support, international cooperation and talent development, and enhanced coordination. The plan targets firms within Jiangsu’s '1650' industry framework and '51010' strategic emerging clusters; about 80 companies a year will receive 'patent micro-navigation' and bespoke R&D and overseas patenting plans. Authorities will compile a key list of outbound firms and implement one-company-one-policy tracking, aiming to provide services to at least 200 companies annually.

REUTERS SURVEY: Qatar, Kuwait and Bahrain are forecast to see GDP contract 8.1%, 8.1% and 5.1% YoY in 2026, versus -6.0%, -4.4% and -2.9% in April's survey.