The Wall Street Journal cites sources saying the Islamic Revolutionary Guard Corps told mediators it would close the Strait of Hormuz again if Doha talks fail to secure a guarantee of sole Iranian control, and has demanded the US and other states abandon plans to route ships via the strait’s southern waters on the Oman side.

Fang Yi, chief strategy analyst at Guotai Haitong, said in a note that although Middle East geopolitical tensions remain volatile, the overall trajectory points to a reduced tail-risk scenario. With uncertainty falling and micro-level trading pressures easing, price discovery should reassert, making market-structure rallies likely to broaden; he recommends overweighting A-shares. Emerging risk boundaries and constraints suggest the downward adjustment in investor risk appetite and expectations is largely complete, returning markets to endogenous growth dynamics. Accelerating capital-market reforms imply policy intent to consolidate a steady-to-improving market backdrop. Traditional sectors are stabilizing; investment in China’s emerging industries is expected to accelerate given large market demand; China’s competitive manufacturing is globalizing, lifting multinationals and ROE, and 2026 GDP growth expectations may be revised up.

紐約期金日內下跌1.00%，現報3998.00美元/盎司。