Controlled nuclear-fusion-themed A-shares firmed in early trade; Jiangsu Shentong jumped over 9%, with Changfu Shares, Hahan Huatong and Zhongyan Dadi also rising.

伊朗外交部發言人：華盛頓未按期允許霍爾木茲海峽航運恢復，並在期限屆滿前對我們發動攻擊。

Five former Trump administration officials say the White House has few good options after Iran demanded control of the Strait of Hormuz as a condition for ending hostilities. Senior U.S. officials, including Secretary of State Rubio, have warned against any deal that would allow Iran de facto control of the strait, saying it would complicate future U.S. sanctions enforcement by requiring waivers for transit payments and would weaken international pressure on Iran’s nuclear program; Rubio called it a dangerous precedent. Fractured communications among Iranian factions further complicate negotiations. The impasse arrives with U.S. midterms three months away and U.S. retail gasoline averaging $4.10/gal versus $3.85/gal a month ago. Continued concern over U.S. casualties, attacks on U.S. bases and ongoing Iranian missile threats to Gulf states risk further upward pressure on energy prices. There is no sign of an easy post-election exit. Danny Sitrenovitz, a non-resident Atlantic Council fellow, said any diplomatic settlement could require some Iranian control of the strait—politically unacceptable to many—while further military escalation would likely keep oil prices elevated without guaranteeing Iranian strategic change.