Nikkei reports that after the US and Iran announced a peace agreement, Japan is exploring dispatching its Self-Defense Forces to carry out mine-clearing and escort operations in the Strait of Hormuz, but the government is facing difficulty securing support for such missions.

U.S. Vice President Vance said on the Iran deal the U.S. will not provide Iran a single penny of U.S. funds.

The PBOC and four central departments with the Shanghai municipal government issued the Shanghai offshore finance action plan. Milestones: by end-2027 establish business rules, risk-management and resolution frameworks and an offshore-friendly operating environment, and pilot digital-frontier offshore financial businesses to better serve Chinese firms’ outbound activity. By end-2030 form a relatively mature offshore institutional and legal framework to provide secure financial services for Chinese international investment and trade, serve as a testbed for onshore financial reform, and support RMB asset global allocation and risk-management functions. By end-2035 position Shanghai as a strategic hub coordinating high-level onshore–offshore development and leading national financial opening and high-quality growth.