Brent rose above $90 as prospects for a peace deal and reopening of the Strait of Hormuz dimmed, trading at $91.04 in early European trade, up 0.1%. WTI futures gained 0.5% to $84.95. Sumitomo Mitsui analyst Soojin Kim said Trump signaled he is not inclined to extend the lapsed Iran agreement and major differences remain over the Strait of Hormuz. Shipping-security risk persists as Houthi forces intensify attacks along Yemen’s Red Sea coast and move closer to the Bab al-Mandeb.

Goldman Sachs initiates coverage of Luxshare Precision (02475.HK) with a Buy rating and HKD93.2 target price. The bank forecasts revenue CAGR of 24% for 2025-28 and projects 2026/27 net profit of RMB25.615 bln and RMB36.466 bln, respectively—about 18% and 30% above consensus. Key drivers cited: stronger-than-peer Apple (AAPL.O) demand despite elevated memory costs, rapid scaling and share gains in the AI server business, product mix shift from consumer electronics toward data centers supporting higher margins, and cost controls reducing the operating-expense ratio.

伊朗副總統阿里夫：霍爾木茲海峽多年來一直屬於我們，該問題將很快解決。