Noontime News Recap: Evergrande founder jailed as Hormuz flows jump and regional tensions deepen

A Chinese court has sentenced Evergrande founder Xu Jiayin to life in prison and imposed a larger financial penalty on the property giant, in one of the most significant rulings yet in the country’s debt and fraud crackdown.  🔗

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Oil shipments through the Strait of Hormuz rose sharply during a 60 day memorandum of understanding between the United States and Iran, but the deal expired without a peace agreement, leaving the strategic waterway under renewed scrutiny.  🔗

In the occupied West Bank, Human Rights Watch says settler attacks and rapid settlement expansion are driving forced displacement of Palestinians, adding to pressure on communities already facing worsening insecurity.  🔗

Russia’s petrol shortages have deepened, with fuel now available at fewer than three in 10 stations nationwide and queues appearing at pumps in Moscow as rationing spreads.  🔗

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Bangladesh is holding its first contested presidential election in 35 years, with voting taking place in the parliamentary chamber in Dhaka and the race drawing attention because of its rarity and political significance.  🔗

China has blamed the United States for rising tensions on the Korean Peninsula after Foreign Minister Wang Yi met South Korea’s national security adviser in Seoul, underscoring the diplomatic strain around the region.  🔗

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