US dollar index (DXY) slipped below 101, down 0.28% intraday.

On the 14th local time, the Omani Foreign Ministry said it will continue to cooperate with parties in a transparent, neutral manner to promote restoration of freedom of navigation in the Strait of Hormuz and to ensure related arrangements fully comply with international law. The ministry said Oman will continue to fulfil its obligations as a signatory to the United Nations Convention on the Law of the Sea (UNCLOS) and urged relevant parties to respect and resolve related matters in accordance with international law.

Samsung Electronics is in preliminary talks to issue American Depositary Receipts (ADRs) in the US, sources say. The company has held early discussions with several banks but has made no decision and will closely monitor volatile memory-chip peers before proceeding. If pursued, structuring a US listing could be complicated by Samsung’s diversified business mix and ongoing labor disputes. Sources say Samsung has considered ADRs before but shelved the idea; SK Hynix’s recent successful US listing has renewed interest. Samsung shares are up about 120% year-to-date, pushing market value above $1 trillion; that rally already reflects elevated earnings growth expectations. Samsung’s preliminary results beat forecasts last week but the subsequent sharp share drop highlights the high bar for investor satisfaction. Additional industry capacity coming online also poses downside pressure for chip stocks.