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Trump Says Strait of Hormuz to Remain Open, No Naval Blockade; Claims Record Oil Flow
President Trump stated he agreed to keep the Strait of Hormuz open without a naval blockade, adding that 19 million barrels of oil transited the strait yesterday, an all-time high.
Trump: Record 19M Barrels of Oil Flowed Through Hormuz Strait, Oil Prices Falling
President Donald Trump stated that a record 19 million barrels of oil passed through the Strait of Hormuz yesterday, contributing to a drop in oil prices and improved global safety.
Aluminium Market Still in Deficit Despite Rising Output, ING Says
ING strategists note that global aluminium output is increasing, yet the market remains in deficit due to capacity losses in the Middle East.
US-Iran Agreement Drives Oil Lower, Q3 Outlook Favorable
The signing of a framework agreement and subsequent US-Iran negotiations in June have triggered a sharp decline in oil prices, with futures pricing in further drops, setting a favorable outlook for the third quarter of 2026.
Eurozone Composite PMI Edges Up to 49.5 in June, Activity Still Sluggish
The Eurozone composite PMI rose from 48.5 to 49.5 in June, indicating continued sluggish economic activity. However, easing price pressures in the survey are seen as dovish for policy expectations.
Iran rules out early nuclear talks, refuses missile negotiations
Iran reaffirmed its red line on military issues on Tuesday, ruling out early nuclear talks and refusing to negotiate on missile capabilities.
Wealth Preservation Gap: How High-Net-Worth Investors View Gold Differently
As wealth accumulates, the primary financial question shifts from growth to preservation. High-net-worth investors approach gold with a distinct mindset focused on capital protection.
PCE Data May Fuel Bets on Early Fed Rate Hike Under Warsh
Upcoming PCE inflation figures could bolster expectations for an early Federal Reserve rate hike, as new Chair Kevin Warsh conducts his first FOMC meeting on June 16.
Brent Falls Below $80 as Strait of Hormuz Risk Premium Fades
Oil prices slipped as easing US–Iran tensions reduced the risk premium for Strait of Hormuz transit, according to OCBC's Christopher Wong.
Trump Signs Two Executive Orders on Quantum Leadership
President Donald Trump signed two executive orders on June 22 aimed at strengthening U.S. leadership in the quantum era, with a focus on protecting against advanced cryptographic threats while promoting commercial and scientific innovation.
Rabobank Cuts Brent and WTI Price Forecasts Through 2028
Rabobank lowered its Brent crude forecast for Q3 2026 to $79/bbl from $103, and expects Brent to average $74.50 in 2027 and $71 in 2028. WTI estimates were also reduced.
US VP Vance: Iran Agrees to IAEA Inspections as First Step
US Vice President JD Vance announced that Iran has agreed to allow IAEA inspectors back, calling it an initial move toward a broader nuclear settlement.
Brent Crude May Fall to $70 as US Dollar Strengthens on Fed Rate Hike Bets
Bank of America expects the Fed to raise rates three times in 2026, boosting the US dollar and pressuring Brent crude oil prices toward $70.
Italy Issues Red Heatwave Alert for 15 Cities
Italy's health ministry has issued a red alert heatwave warning for 15 cities, including Rome and Milan, effective Tuesday, with an additional city expected to be added on Wednesday.
Fed's Hawkish Tilt, Tech Stocks Slide, UK PM Starmer Resigns
US stock indices fell as tech giants Alphabet, Amazon, and Microsoft dropped sharply amid a hawkish Fed stance, while UK Prime Minister Starmer resigned.
WTI Slumps Below $73 as US-Iran Peace Talks Continue
West Texas Intermediate crude oil fell below $73 per barrel, reaching its lowest level since early March, as traders monitor ongoing US-Iran peace negotiations.
Apollo Retail Private Credit Fund Sees Redemption Requests Surge to 17%
Redemption requests at Apollo's flagship retail private credit fund rose to 17% of assets in Q2, and investors sought to withdraw nearly $15 billion from nine major private credit funds.
Strait of Hormuz Uncertainty Disrupts Global Shipping Operations
Conflicting guidance from Iran, the US, and western insurers over transit through the Strait of Hormuz is creating operational challenges for tanker and commercial shipping firms.
Tesla's EU Market Share Rises to 2.5% in May, BYD at 2.8%
In May, Tesla's market share in the EU, Britain, and EFTA rose to 2.5%, while BYD held 2.8%. The BEV segment accounted for 10.66% of the market, according to the European Automobile Manufacturers Association (ACEA).
Chinese Chip Exports Surge 111% YoY in May to Record $36B on AI Demand
China's semiconductor exports surged 111% year-on-year in May to a record $36 billion, driven by AI infrastructure spending and global shortages. Computer exports also jumped 66% to $27 billion, together accounting for roughly half of China's trade growth.
Elon Musk Calls for Arrest of Ro Khanna After DOJ Bribery Case
Elon Musk called for the arrest of Representative Ro Khanna following a Department of Justice announcement that a USAID official and several business executives pleaded guilty in a bribery scheme involving over $550 million in government contracts.
White House Sees Momentum Toward Iran Deal as Trump Pressure Shows Results
Press Secretary Karoline Leavitt stated that President Trump would not agree to any deal that fails to protect U.S. national security, noting growing momentum toward an agreement with Iran.
US Moves to Keep Early-Stage Drug Research Domestically as Pharma Shifts Trials Abroad
U.S. officials are taking new steps to encourage pharmaceutical companies to conduct early-stage research and clinical studies domestically, as drugmakers increasingly move trials to China and Australia for faster and cheaper execution.
AI Boom Drives Extreme Concentration in Asia Markets as Chip Giants Dominate
Samsung Electronics and SK Hynix together account for roughly 55% of South Korea's Kospi index, while Taiwan Semiconductor Manufacturing Company alone represents about 42% of Taiwan's Taiex index, highlighting growing concentration risk.