Iran foreign ministry spokesman Baghaei rejected the UAE's accusation that Iran fired missiles at it, saying such claims breach good-neighbourliness, undermine regional trust and efforts to prevent escalation. Baghaei urged parties to avoid unfounded allegations given the complex environment created by ongoing US and Israeli actions in the region and alleged false‑flag incidents. The UAE earlier announced it would suspend trade, commercial and financial transactions with Iran.

China has delivered a domestically developed and built 99,000 cubic metre ultra-large ethane/ethylene carrier to its owner on the 18th. The 230-metre vessel is configured to carry ethane, ethylene and liquefied petroleum gas (LPG); its technical specifications meet international-leading standards. Designed for long-haul voyages, the ship features lower fuel consumption and maintenance costs and is positioned as an economical, environmentally friendly transport solution for liquefied industrial and energy gases.

Shanghai Ganglian data showed MMLC battery-grade lithium carbonate morning mid-price at 153,750 yuan/ton, up 1,000 yuan/ton vs the prior day's 16:30 quote.