China A-share maritime equipment sector rose on volatile trade; Zhongke Haixun gained over 7%, while Songfa, Jianglong Shipbuilding, Tianhai Defense and Hailanxin also advanced.

U.S. President Trump said he finds Iran to be rational and expects them to reach an agreement.

OPEC said in its latest monthly report on Thursday it cut its 2026 global oil demand growth forecast to 0.97 mln b/d, marking a second consecutive downgrade. Since the outbreak of the Iran war, OPEC judges the conflict’s impact on consumption remains smaller than estimated by the EIA and IEA; both the EIA and IEA forecast 2026 demand will decline. The report also raised OPEC’s 2027 oil demand growth forecast.