Iran's foreign ministry said Iran's foreign minister thanked Pakistan for a constructive mediation role in US‑Iran talks and accused the United States of repeatedly breaching commitments that have undermined the mediation mechanism. He said US violations of the Islamabad understanding have heightened regional insecurity and tensions and that Washington should be held responsible for the resulting consequences.

Four government departments met with major Chinese manufacturers of trucks, buses, special-purpose vehicles, trailers and motorcycles to brief them on vehicle product safety and to roll out safety-hazard inspections and supervisory checks. Regulators flagged recent deficiencies in production consistency and test verification, and cited illegal modifications and mislabeling of tonnage and tank capacity that endanger road safety and harm China’s brand image. Manufacturers were urged to rectify shortcomings, adopt safety-first, quality-paramount practices and take responsibility for product quality and public safety.

Federated Hermes fixed-income strategist Karen Manna said the Fed’s 25bp hike last week reinforces the reality for bond investors through most of 2026: rates are materially higher and the timing/path of any decline remains uncertain. Multi-year high US Treasury yields reflect resilient growth, lingering inflation concerns, large fiscal deficits and markets’ reassessment of where ‘normal’ rates should be. She added that while higher yields have caused near-term price pressure, they improve long-term fixed-income investment opportunities, and that distinction is critical.