China Construction Bank, Bank of China and CITIC Bank A-H shares all hit record highs in early trade.

An Iranian military source cited by Tasnim dismissed U.S. assertions that last night’s action was intended to stop Iran laying sea mines in the Strait of Hormuz as fantasy and fabrication, saying the incident was unrelated to mine‑laying. The source said Washington has simultaneously claimed to have cleared all mines and to have prevented new deployments, and accused the U.S. of trying — unsuccessfully — to block Iran from punishing tankers it says violated rules. Iran said the alleged violating vessels were punished and that their regional bases were struck by Iranian missiles.

Wall Street Journal reports billionaire Joesley Batista, a JBS shareholder, lobbied Trump to cut U.S. beef import tariffs to curb domestic beef price increases.