Iran's Defense Ministry said Iran will not initiate war but will resolutely defend its security and territory.

Changjiang Securities chief economist Wu Ge said oil prices may have peaked as multiple channels are filling crude supply gaps and high prices risk reflexive political effects on the US midterms. He said demand for AI-related compute and tokens is showing non-linear growth while global power and related supply remain linear, creating cost pressure; together with economic resilience this is lifting overseas risk-free rates and returning assets to a macro-driven pricing paradigm, with the scale depending on the earnings-versus-rates trade-off. Domestically, a small pickup in some second‑hand housing markets is visible, but household lending suggests housing and consumption are bottoming. Wu said China’s export comparative advantage persists.

U.S. Republican Senator Lindsey Graham said that, if no agreement is reached, Trump would be right to consider seizing Kharg Island.