The CEO of Norway's sovereign wealth fund reiterated on Tuesday that the fund's roughly 2 trillion in assets could suffer unexpected, large losses and might even be wiped out. He described markets as "abnormal" while noting financial markets continue to rise despite multiple challenges.

Jordan University international relations professor Hasan Balari said Trump’s refusal to meet Iran’s compensation demand is aimed at eroding Tehran’s negotiating leverage. The US has described the demands as “unrealistic and unverifiable,” and Balari said accepting them would amount to admitting US responsibility for the war; both sides have since raised their asks. He said the US position rests on military power, a de facto maritime blockade of Iranian ports and Iran’s economic deterioration, but both sides show weaknesses — US military capacity is limited and Iran’s political and military positions are weak. Balari identified the Strait of Hormuz as Iran’s primary remaining leverage and said Tehran will seek to maximise that card to compel a US return to the memorandum framework; he said the standoff is likely to continue unless maintaining the status quo becomes costlier than returning to the memorandum.

EU electricity coordination group says there is no short-term risk to power supply adequacy.