China government bond futures opened in the morning session: 2-year (TS) main contract down 0.01%, 5-year (TF) down 0.02%, 10-year (T) down 0.02%, 30-year (TL) down 0.03%.

Coking coal most-active futures contract up 2.0% intraday, trading at 1,281 yuan/ton.

Iran believes it can outlast the US in negotiations to reopen the Strait of Hormuz, citing strong internal backing for talks and patience over unmet commitments on frozen assets and maritime restrictions. President Pezeshkian told negotiators 12 of 13 national security council members support negotiations, exceeding the threshold set by Supreme Leader Mujtaba Khamenei. Parliamentary speaker Ghalibaf has expressed frustration at what Tehran describes as US flip‑flopping — "raising issues, then withdrawing them" — delaying delivery on asset unfreezing and easing of sea blockades. Iran says it is less time‑pressured than Washington, pointing to US midterm election, oil price and inflation pressures, and called the standoff a "cat‑and‑mouse game" to see who blinks first. Tehran is using talks with Oman to signal goodwill while pressing Washington to make the first move.