Fed's Williams said markets still expect oil prices to decline over the next 6–12 months and that view is reasonable.

Iran's chief negotiator Libaf said the Strait of Hormuz will be open only if Iran makes arrangements, not in response to U.S. threats.

China’s National Healthcare Security Administration says 2025 maternity insurance enrollment reached 260 million, with 4.8064 million instances of maternity allowances paid and insured female employees receiving an average maternity allowance of nearly 30,000 yuan. Authorities are expanding coverage, pushing employers to enroll staff and fully implementing a policy for the unemployment insurance fund to pay employers’ maternity insurance contributions. The rollout targets flexible workers, migrant workers and new-employment forms, removing the prior restriction that only unit employees could receive maternity benefits and urging locales to encourage simultaneous enrollment in employee medical insurance and maternity insurance so mothers can access maternity medical reimbursements and paid maternity leave. Implementation is already underway in 20 provinces across 156 pooling regions.