Al Jazeera reported President Macron will meet the Saudi Crown Prince in Paris to discuss the situation in the Strait of Hormuz.

Alibaba (09988.HK) said it plans a Hong Kong placement of new shares totaling HKD 80 billion.

UK Maritime Trade Operations said nearly 200 vessels transited the Strait of Hormuz last week, up from 150 the week before and about 40 two weeks earlier. Maritime intelligence firm Kpler said over the past two weeks more than 80% of liquid cargoes transiting the Strait either rerouted via a US-backed, IMO-authorised Oman route or had vessels switch off automatic identification systems (AIS) to obscure movements.