SK Hynix CEO Guo Luzheng said the global memory chip shortage is likely to persist through the end of 2030 and that oversupply risk is low because AI-era demand has made memory chips less of a standardized commodity. He said he sees no signs of oversupply or a pending memory downcycle as demand from AI customers remains strong. If AI demand has peaked or a new downturn occurs, he warned challenges could emerge but expects any future downcycle to be gradual — a slow demand decline or stabilizatio

After the U.S. sanctioned Banque Misr’s UAE branch in an Iran-related action, the Central Bank of the UAE said it expects banks licensed in the UAE to “not expose the UAE financial system to reputational risk” or “abuse the UAE’s advanced financial infrastructure.” The central bank said it will carry out an emergency inspection of the local branch, reiterated that the branch is subject to UAE laws and regulations, and is “studying possible special measures” against the bank. The U.S. Treasury said the sanctions are part of intensified U.S. economic action targeting Iran and its international financial partners and will cut off the branch’s access to dollar transactions.

Al Arabiya TV said a circulated video shows Shahid Rajaee Port at Bandar Abbas, Iran, largely deserted as the US blockade continues.