Iran’s state media IRNA said Deputy Foreign Minister Kazem Gharibabadi announced that Iran and Oman are drafting a deal to monitor shipping in the Strait of Hormuz under joint oversight. Separately, Xinhua, citing UAE media, reported that a UAE minister said the country is willing to join efforts to ensure safe navigation in the strait.
Domestic
China’s State Tobacco Monopoly Administration released draft guidelines proposing quota controls for e-cigarette manufacturers.
The People’s Bank of China added 12 operating institutions to its digital yuan program.
New account openings in China’s A-share market reached 4.6 million in March, marking a 50% increase year-on-year.
Responding to Meta’s acquisition of Manus, China’s Ministry of Commerce said the government supports enterprises in conducting transnational operations and technological cooperation based on their needs.
International
The Japanese government plans to send a delegation to Russia in May to potentially discuss crude oil imports.
Russia extended its temporary gasoline export restrictions until July 31.
Recent attacks on Middle Eastern aluminum smelters are expected to create a significant supply gap in the global aluminum market.
Qatar Airways will resume more flights to China, while Chinese airlines continue to suspend their routes.
Contact editor Lin Jinbing (jinbinglin@caixin.com)
