President Trump announced that European countries have agreed to release diesel stocks following US pressure, with France proposing a 50-million-barrel diesel release and IEA members releasing 50 million barrels of crude oil to address fuel price surges linked to the Iran war. The EU is balancing the need to ease fuel costs against preserving emergency reserves, while Trump has threatened potential US diesel export restrictions ahead of midterm elections.
Japan announced new sanctions against Russia targeting a shadow fleet of 35 vessels transporting sanctioned oil, restricting services including insurance and maritime transport. The measures also target 33 Russian entities and nine individuals, with additional export restrictions on goods and entities in the UAE and Turkey, aiming to reduce Moscow's war funding.
Huawei is rolling out its self-developed Tau chip and LogicFolding architecture across its new Mate 90 smartphone series, with the Mate XT 2 trifold phone already shipped at 100,000 units and on track for 1 million sales. The chip design allows Huawei to bypass US export restrictions and build advanced processors without access to cutting-edge lithography, though rising memory costs have pressured profitability.