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China issued new guidelines requiring automakers operating overseas to price vehicles and components lawfully

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China issued guidelines requiring overseas-operating automakers to price vehicles and components lawfully, building on earlier regulations to curb below-cost price wars and restore market transparency.

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Geopolitics

Iranian President says that "we will abide by the agreement if America does", Al Jazeera reports citing ISNA; ⁠"Iran will immediately reciprocate if ⁠the US fulfils its commitments under ‌an interim deal signed in June"

Geopolitics

Two oil supertankers were reportedly hit by projectiles in the Strait of Hormuz, reports citing Marisks suggest (details light)

FX/Bonds

[MARKET UPDATE] DXY moves to fresh session highs (99.54), weighing on peers such as EUR & GBP; USD/JPY heads back towards the 160.00 level; move appears to be contained within the FX space