U.S. Treasury Secretary Bessent said the actions will limit Iran's ability to act through proxies.

Micron Technology said it will establish Micron Research Labs and invest $10 billion over the next ten years. The center, anchored at its Boise flagship campus in the US, will unite customers, academia, government and the semiconductor ecosystem to pursue breakthroughs beyond the current technology roadmap. Research priorities are key memory technologies, advanced memory-and-compute architectures, packaging and next-generation semiconductor manufacturing. The program will fund university collaborations, global satellite labs and deep ecosystem partnerships focused on next-generation technologies for the AI era.

China fuel oil front-month futures rallied 4.00% intraday to 4,383 yuan/ton.