Germany's vice-chancellor and finance minister said the recent surge in global bond yields stems from uncertainty caused by U.S. President Trump's war in Iran, which has disrupted the global energy supply balance. He warned higher yields are worsening Europe's economic strain, including higher gas prices, and placed responsibility on the White House. In May he said Germany now expects more than €50bn less tax revenue by the end of the decade, blaming Trump's "reckless war" and the ensuing global

Ethylene glycol EG2610 contract strengthened mid-session, gains widened to 3.64% as price surpassed 5,500 yuan/ton; turnover roughly 8.57 bln yuan and open interest rose by 18,900 contracts, marking a notable position increase and the 14th consecutive daily gain.

At a routine briefing, spokesperson Lin Jian said China has already published details of the Beijing meeting between Vice Foreign Minister Miao Dewu and Iran’s Deputy Foreign Minister Gharibabadi and had no further comment. Lin said China is closely monitoring the situation in the Gulf, is actively promoting mediation and talks, and is prepared to continue efforts under President Xi’s four‑point proposal to help restore peace and stability in the Middle East. On whether China objects to US efforts to isolate Iran, Lin said Beijing has previously explained its position.