On the 30th, the Hatam al-Anbiya Central Headquarters of Iran's armed forces said Iran has imposed comprehensive control over shipping in the Strait of Hormuz; all commercial vessels, tankers and other civilian ships must follow designated routes and obtain prior permission from the Islamic Revolutionary Guard Corps (IRGC) Navy.

Asian rice prices surged in May, with Thailand white rice—the regional benchmark—up 20%, the largest monthly rise since 2008. Chicago Board of Trade rice futures gained about 15% this month. Drivers cited include weather risk and war-driven spikes in energy and fertilizer costs that threaten output and could push prices higher. Wang Binhong, commodity analyst at BMI (Fitch Solutions), said prices will continue to rise. Forecasts for El Nifio to bring hotter, drier conditions in parts of Asia would add further upward pressure.

State Grid Corp. chairman Zhang Zhigang and general manager Zhang Wenfeng met May 29 with China Southern Power Grid chairman Qian Chaoyang at State Grid headquarters. The two operators agreed to deepen cooperation under the 15th Five-Year Plan to bolster energy security, accelerate the energy transition and advance high-quality power-sector development via intensified technology innovation, policy input, institutional reform, power-market development and industrial innovation.