Abdolreza Rahmani Fazli told media in Beijing during the World Peace Forum that Iran plans to levy service fees for Strait of Hormuz transit in line with international practice. He said transit had been unimpeded prior to the outbreak of hostilities involving the US, Israel and Iran; Tehran has not announced tariffs but intends fees to cover navigation safety, pilotage and environmental protection costs, consistent with other international waterways. Fazli added the strait's traffic is gradually

Finance Minister Durigan said the Lula government's credit measures are targeted industry support and will not undermine monetary policy. He said the measures did not prevent the Brazil central bank from delivering a larger rate cut at the recent MPC meeting. The government also unveiled a new credit and debt-restructuring program aimed at informal workers.

China Coast Guard spokesperson Jiang Lue said on July 4 the Xiu Shan vessel relieved the Daishan vessel and continued law-enforcement patrols east of Taiwan. Since June the Daishan detachment has carried out patrols, inspections and fisheries protection and rescue operations to safeguard navigation and fishing activities and protect the lawful rights and safety of Chinese fishermen, including those from Taiwan. The coast guard said it will continue to strengthen enforcement in waters under Chinese jurisdiction and resolutely defend national territorial sovereignty and maritime rights.