UK Prime Minister Starmer says he will remain in office until the campaign ends.

With progress in US-Iran talks toward a durable peace deal, regional shipping has risen and crude flows through the Strait of Hormuz are at their highest level since the outbreak of war. Vessel-tracking shows three US‑sanctioned VLCCs—Elva, Virgo and Vigor—entered the strait on Monday carrying about 6 mln barrels of Iranian crude, en route to waters off Singapore. The tankers loaded at Kharg Island, Iran’s main export terminal, adding to roughly 20 mln barrels recently exported from Chabahar in the Gulf of Oman. The shipments indicate Iran is rapidly restoring crude production and resuming loadings from Kharg as cargoes can now reach global markets unimpeded.

At the close in Hong Kong, the Hang Seng Index fell 0.65% and the Hang Seng Tech Index fell 1.19%. Artificial intelligence names bucked the market: Yangtze Optical Fibre and Cable (06869.HK) rose over 31%, MINIMAX-W (00100.HK) gained about 24%, and Zhipu AI (02513.HK) climbed about 15%.