A spokesman for Iran’s parliament National Security and Foreign Policy Committee said revenues from the Strait of Hormuz, outside the annual budget, will be used to issue consumer commodity vouchers; bolster national defense and infrastructure with priority for war-affected provinces, strategic islands and maritime facilities; strengthen air defenses; and improve welfare for armed forces personnel.

Kremlin says Russia has no hostile plans toward Europe.

Biren Technology (06082.HK) and Shanghai University have launched an Integrated Circuit Intelligent Chip Joint Laboratory. The lab will focus on AI-chip optical interconnects and new cooling technologies, jointly pursue national and local research funding, and build a sustained industry–academia–research–application innovation platform. The partners will also co-run engineering master’s and PhD cohorts and customized graduate classes to cultivate high-quality integrated-circuit talent.