CL Iran and the United States traded fire over the Strait of Hormuz today, and Washington answered with a twenty percent toll on shipping through it, which is one way to regulate a war zone. Closer to home, the Star Ferry asked for a thirty percent fare increase of its own. No missiles involved, just paperwork. Hong Kong noted the difference.-- CL

MB Institutions had a busy day insisting things were fine. Washington slapped tariffs on Hormuz shipping. Tehran hit tankers, then bases, and the blockade returned. Hong Kong spent the day calling Wang Fuk Court rumours just that.-- MB