European Union — European Central Bank & Wang Yi

European Union — European Central Bank: The European Union — European Central Bank (ECB) welcomed the US-Iran ceasefire, with President Christine Lagarde noting its potential to reopen the Strait of Hormuz. However, policymaker Joachim Nagel cautioned that it would not bring immediate relief to high euro zone inflation, influencing market expectations for future rate hikes.

Wang Yi: Wang Yi, China's Foreign Minister, has actively supported the peace process between the US and Iran, urging for the swift reopening of the Strait of Hormuz and the restoration of normal navigation to ensure global trade stability.