China Railway Shanghai Group says the Yangtze River Delta is expected to carry 190 million passengers during the summer travel period, with average daily passengers above 3.0 million at 3.065 million, up over 3% YoY.

China A-share property sector rallied, with several stocks hitting the daily limit—Sanxiang Yinxiang and Yingxin Development among them—while Shenshenfang A, Fuxing Co. and Heimudan advanced.

The Wall Street Journal reports officials say an internal power struggle in Iran is jeopardizing US‑Iran peace talks. Civilian leaders led by President PEZESHKIAN are pressing to unfreeze billions of dollars in assets to ease widespread hardship. Hardline forces, including the Islamic Revolutionary Guard Corps (IRGC), seek full control of the Strait of Hormuz and propose a transit-fee regime to fund armed forces and shape regional security. The IRGC has told mediators in Doha it would close the strait again if it does not receive assurances of exclusive control, and has demanded that the US and other states abandon plans to route vessels through waters south of the strait near Oman.