Steel Authority of India and Coal India Ltd. signed an agreement to raise domestic coal output.

Russian Defence Ministry said Russia continues strikes on defence‑industrial facilities and logistics centres and has struck vessels used by Ukrainian armed forces.

Markets priced in a possible near-term reopening of the Strait of Hormuz, sending oil prices lower, stabilising bond yields and lifting European equities. Banking shares led gains after UBS rose 2.5% on reports the Swiss bank is considering a merger with a foreign bank. Earlier, a surge in energy prices had stoked inflation concerns and bets on further central bank tightening, triggering a global bond selloff and weighing on European stocks; with sentiment improving the Stoxx Europe 600 is roughly 3% below its August record high.