Head of Iraq's State Organization for Marketing of Oil (SOMO) said the tariff for transporting crude via Turkey is $1.62 per barrel.

China State Planner and the National Energy Administration issued the New Power System Construction '15th Five‑Year Plan', directing measures to strengthen electricity supply security and meet high‑reliability power needs of various computing facilities. The plan mandates coordinated energy‑resource allocation and joint planning of compute and power projects to align electricity capacity with computing demand. It promotes source‑grid‑load‑storage integration and green‑power direct‑connection models tied to computing facilities, enables aggregated green‑power trading and local consumption to raise compute facilities' green‑power share, and calls for enhanced recovery and utilization of waste heat from computing facilities.

China A-shares closed lower after a low-range session. Shanghai Composite fell 0.59%, Shenzhen Component down 0.96% and the ChiNext index off 1.24%. Power-grid equipment stocks outperformed, with several names hitting limit up including Jiusheng Electric, Baili Electric and Changcheng Electric; Zhongchao Holdings, Kaifa Electric and Xinte Electric also gained. Photovoltaic equipment stocks climbed, led by Fulate, Guosheng Technology and Tongwei. Paper producers strengthened in the afternoon; Yibin Paper and Kaien hit limit up, while Qingshan Paper, Hengda New Materials and Wuzhou Special Paper advanced. Semiconductor and memory-chip sectors sharply reversed, with GigaDevice and Xiandao Jidian hitting limit down; Zhongke Feice, Changchuan Technology and Tuojing Technology posted large declines. Electronic-chemicals names were weak—Honghe Technology hit limit down, and Sanfu Xinke, Dinglong and Anji Technology fell.