TREASURIES RISE TO DAY'S HIGHS AFTER IRAN URANIUM REPORT

Kpler shipping data reviewed showed a range of cargo ships passing in and out of the strait in recent days, including some that are under U.S. sanctions. Shipping analysis firm Lloyd’s List said that of the 27 large trading ships that it tracked crossing the strait since April 13, some 15 used the Iranian-mandated route. The data also show that 81% of ships that transited the strait since April 13 were affiliated with Iran through ownership, flag, port calls in Iran and other links.

Chinese regulators fined major delivery platforms including Alibaba Group, PDD Holdings, Meituan, JD.com and ByteDance’s Douyin a total of 3.6 billion yuan ($528 million) for failing to filter unqualified merchants, according to the State Administration for Market Regulation. The penalty, the largest since the 2015 food safety law revision, included fines and confiscation of improper income tied to “ghost deliveries,” where merchants used fake locations or licenses and sometimes outsourced orders without disclosure. Authorities said platforms lacked adequate review processes but had removed unlicensed vendors after inspections, while executives responsible for food safety were separately fined 19.7 million yuan.