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Caixin Global
Caixin Global

Business Brief (April 13): U.S. to Blockade Iranian Ports

HOT TOPICS

U.S. Blockade of Iranian Ports

U.S. Central Command announced a blockade of all maritime traffic entering or leaving Iranian ports starting at 10 a.m. EST Monday, amid stalled U.S.-Iran talks. Iran dismissed the blockade threat as ridiculous.

Courier Fuel Surcharges

Major international couriers, including UPS, DHL and FedEx, along with several domestic delivery firms, have raised fuel surcharges due to regional tensions and oil price volatility.

Ticketing Platforms Warned

The Cyberspace Administration of China and the National Railway Administration summoned seven third-party ticketing platforms, including Trip.com and Qunar, warning them against using automated programs for high-frequency scraping of train tickets.

Vanke Founder Rumors

China Vanke Co. Ltd. founder Wang Shi denied social media rumors of his arrest, stating he was fine.

Humanoid Robot Speed Record

Unitree Robotics announced its H1 humanoid robot reached a peak sprint speed of 10 meters per second, approaching the human sprint world record.

NEWS SUMMARY

The China (Inner Mongolia) Pilot Free Trade Zone was officially unveiled.

DeepSeek is expected to release its V4 model in late April.

Tesla’s Full Self-Driving system received certification from Dutch regulators, paving the way for a full rollout in the European Union.

Saudi Arabia disclosed damage to multiple key energy facilities, causing operational disruptions.

Iran has started rebuilding its oil facilities, aiming to restore 80% of capacity within two months.

The Japanese government decided to release additional oil reserves.

Vietnam’s newly elected President To Lam announced that his first official foreign visit will be to China.

Crown Prince of Abu Dhabi Sheikh Khaled bin Mohamed bin Zayed Al Nahyan is visiting China from April 12 to 14.

Contact editor Lin Jinbing (jinbinglin@caixin.com)

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