ICC Secretary General John Denton stated that the Philippines is particularly vulnerable due to its reported reliance on imports for up to 90% of its fertilizer needs. He characterized the country as facing significant risks under current conditions.

The MOEX and RTS indices both increased by 0.6%, reaching 2,293.56 and 865.46 points, respectively.

The Financial Times reports that European officials are discussing proposals to cap agricultural subsidies for Ukraine upon its potential EU accession. This measure is reportedly intended to address concerns among current member states, according to the outlet.

According to Kpler data, Middle East oil exports excluding Iran have reportedly exceeded pre-war levels. This increase is attributed to higher flows via pipelines that bypass the Strait of Hormuz.