Japan 5-year government bond yield rose to 2.4%, a fresh record high.

世界贸易组织争端解决机构同意俄罗斯请求，成立小组审查欧盟碳边境税方案。

TRADE SOURCES and analysts say Saudi Arabia’s shift of crude exports from Red Sea ports toward the Strait of Hormuz, alongside higher exports from other producers, has pushed ship‑to‑ship (STS) transfer activity in the Gulf of Oman close to capacity. They say increased Saudi loadings this month require more VLCCs transiting Hormuz and conducting STS transfers, reducing available tonnage, lifting freight rates and lengthening time crude spends at sea.