TASNIM NEWS: Iran's Islamic Revolutionary Guard Corps navy warned parties that cooperating with an aggressor who has come thousands of miles to violate regional rights, or insisting on transiting mined waters, would only bring regret and loss and would delay Strait of Hormuz transit while triggering a global energy crisis.

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.

Iran’s foreign minister said Trump was completely right that any party providing security for merchant ships transiting the Strait of Hormuz should be compensated; he added a 20% fee would be excessive and said Iran would charge a fair fee.