The US Commodity Futures Trading Commission (CFTC) ordered UBS to pay an $8 million fine for supervisory failures related to its anti‑money‑laundering trade‑monitoring system.

The Bank of Japan said on Monday global AI-related demand could place sustained upward pressure on Japanese inflation, a development that could reinforce the case for its recent policy tightening. It noted that while AI adoption should raise productivity over the medium to long term and exert downward pressure on prices as firms and workers adjust, in the short term AI-driven investment could lift demand and push prices higher, potentially outweighing productivity gains. The BOJ flagged rising global producer prices partly driven by Middle East-related oil moves and partly by a positive global demand shock for AI-related goods, and said those spillovers, combined with import-cost increases from yen depreciation, could keep domestic inflation elevated for some time.

US President Trump tweeted that Iran's leadership is "two-faced", saying some officials have requested — even "begged" — meetings; negotiations have begun and further talks are scheduled in coming days. He added Iran publicly denies holding talks and says it has only been in contact with Oman. Trump asserted the Strait of Hormuz is effectively under US Navy control via a US "blockade operation" — an "American steel wall" — and warned that nothing will enter Iran unless the US allows it; unless an agreement is reached or Iran effects a "complete surrender", shipments will not transit. He reiterated that Iran will never be allowed to acquire nuclear weapons.