Oil prices have surged as a planned second round of peace talks between the US and Iran stalled, exacerbating global energy supply pressures.

• Brent crude rose nearly 2% to $107.26 a barrel, while US-traded crude increased by 1% to $95.40.
• US President Donald Trump announced the cancellation of negotiations with Iran in Islamabad, Pakistan.
• The critical Strait of Hormuz waterway, through which about a fifth of the world's crude oil and LNG passes, remains effectively closed due to the conflict.

Despite being largely excluded from the United States market, Chinese electric vehicle (EV) giant BYD is experiencing strong global growth, driven by rising fuel prices and new charging technology.

• BYD overtook Tesla as the world's largest seller of EVs last year and is expanding aggressively overseas.
• BYD executive vice president Stella Li stated, "We survive and are successful without the US market today."
• The company is focusing on increasing demand in regions like Brazil, the UK, and Europe, with BYD's sales in Europe up 156% in the first three months of this year.

Chinese sportswear giant Anta, founded by high school dropout Ding Shizhong, is aggressively challenging established global brands like Nike and Adidas.

• Anta has grown from a small workshop into a powerhouse with over 10,000 shops in China, recently opening its first US store in Beverly Hills.
• The company has strategically acquired international brands such as Arc’teryx, Salomon, and a stake in Puma, using them as a gateway into Western markets.
• Anta's rise is a result of China's manufacturing prowess and a strategic shift from being a subcontractor to a globally recognized brand, aiming to be the "Anta of the world."