According to the New York Post,President Trump warned France could trigger a new trade fight if it does not drop its 3% digital services tax, threatening 100% tariffs on all French champagne and wine if the levy remains. He said he had directly told President Macron to cancel the tax; the U.S. market accounts for roughly one-fifth of French wine sales, over $2bn annually. France’s 3% digital services tax, effective since 2019, targets gross revenues from digital services and applies to companies including Alphabet, Amazon, Meta and Apple, hitting U.S. tech firms because it is levied on revenue rather than profit.

According to Reuters: Ship tracking data shows that after the United States and Iran announced a peace agreement, the "Disha" liquefied natural gas tanker sailed eastward and passed through the Strait of Hormuz. The tanker was carrying cargo from Ras Laffan port in Qatar and was chartered by Oil and Gas Corporation of India.

According to the New York Post: Trump said France must abandon its technology tax system or its wine exports to the United States will face high tariffs.

Market news: Japan extended its policy requirements for reducing private oil reserves.

India's Finance Minister: Recent tax changes on foreign investors in government bonds, as well as other central bank measures, are expected to boost capital inflows.

Finance Minister of India: Increasing volatility in fertilizer prices poses a challenge to India.