With the Trump administration set to complete a 172 mln-barrel release intended to ease fuel price spikes tied to the Iran war, the U.S. Strategic Petroleum Reserve (SPR) has fallen to about 340 mln barrels—the lowest level since 1983, DOE data on Monday showed. If completed, the release would be the second-largest draw on record and leave roughly 243 mln barrels, about one-third of statutory capacity. The drawdown reduces U.S. flexibility to respond to future supply disruptions, the DOE said, a

Goldman Sachs estimates IPO lock-up expiries could introduce about $274bn (HKD2.13tn) of newly tradable stock supply in Hong Kong over the next 12 months. The bank expects strong demand — particularly from passive index funds and southbound flows — to act as a key liquidity buffer and absorb much of the supply. Historically, stocks typically fall 4–7% in the 3–6 months after lock-up expiry with wide cross-sectional dispersion; near-term returns are driven by the proportion of shares unlocked relative to total equity, while mid-term returns are linked to the post-unlock increase in free float and pre-expiry price performance. Companies with high cornerstone ownership, especially domestic cornerstone investors, tend to face larger sell pressure when lock-ups end.

Iran's deputy foreign minister said negotiations on a final agreement will take place within 60 days.