An IRNA reporter in Hormozgan province said four explosions were heard east of Bandar Abbas port. Officials have not confirmed the cause; it is unclear whether the sounds came from hostile projectiles striking or from Iran’s air defenses intercepting unmanned drones.

MSCI and UBS announced a strategic partnership to improve transparency in the private markets. The parties will expand MSCI’s AI-enabled platform to tackle long-standing issues of fragmented data and limited transparency in private markets. UBS will be an early adopter and will collaborate with MSCI to promote broad industry uptake of the platform and accelerate private-market standardization.

China Association of Automobile Manufacturers says June passenger car production was 2.373 mln and sales 2.402 mln, up MoM 5.9% and 6.6% but down YoY 2.8% and 5.3%. Jan–Jun production/sales were 12.721 mln and 12.720 mln, down YoY 5.9% and 6.0%. The association flags a structural split: domestic demand remains under pressure while exports are growing rapidly; internal combustion vehicle sales fell amid high oil-price volatility, while new energy vehicles (NEVs) showed steady growth and gained share.