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Pakistan PM Sharif Announces US-Iran Peace Deal, Halt to Military Operations
Pakistan Prime Minister Sharif stated that a US-Iran peace deal has been reached after intensive talks, with both sides declaring an immediate and permanent cessation of military operations on all fronts, including Lebanon.
US Health Benefit Costs Set for Biggest Jump in 15 Years in 2026
Healthcare costs per employee in the US are forecast to rise 6.7% year-over-year in 2026, reaching at least $18,500 — the largest annual increase in 15 years. Most large firms plan to raise employee premium contributions in 2027.
Number of Americans Wanting Jobs Hits 6.2 Million, Third Highest Since July 2021
The number of Americans not in the labor force but wanting a job rose by 76,000 in May to 6.2 million, the third-highest since July 2021. This marks the fourth consecutive monthly increase and a total surge of 1.2 million since March 2023, now above 2008 Financial Crisis levels.
Trump Angry With Netanyahu Over Beirut Strike, Sees Disruption to Iran Deal
Al Arabiya reports that former President Trump is extremely angry with Israeli PM Netanyahu, viewing Israel's strike on southern Beirut as a deliberate attempt to disrupt the Iran deal. Washington remains optimistic about an imminent signing.
US Median Home Listing Price Drops 2.4% YoY in May, Largest Decline Since 2017
The median listing price of existing US homes fell 2.4% year-over-year to $429,500 in May, the largest annual drop since at least 2017. Prices declined in 35 of the 50 largest metropolitan areas, with Memphis leading at -13.0%.
Weekend Markets Post Modest Gains, Oil Slips 2.4%
Major global indices edged higher over the weekend, while crude oil fell sharply. Gold and silver also posted slight gains.
Japan PPI Surges 6.3% YoY, Strengthens BoJ Rate Hike Case
Japan's May PPI rose 0.9% MoM, with the annual rate hitting 6.3%, the highest since March 2023. Rising input costs, driven by energy and chemicals, strengthen the case for a BoJ rate hike this week.
Iran's President: SNSC Resolution Basis for Action, Leader's Approval Binding
Iranian President Pezeshkian stated that the resolution of the Supreme National Security Council (SNSC) is the foundation for action, and any approval by the Supreme Leader is mandatory for all.
Key Economic Events This Week: Fed Decision, Retail Sales, and More
This week's economic calendar includes May industrial production, housing starts, retail sales, the Fed interest rate decision (Kevin Warsh's first meeting as chair), the June Philly Fed Manufacturing Index, and U.S. markets closed for Juneteenth on Friday.
Trump Says Beirut Attack Should Not Have Happened, Urges Ceasefire for Peace Deal with Iran
President Trump stated that Israel's attack on Beirut was unnecessary and could disrupt a near-complete peace deal with Iran, urging all parties to stand down.
US Authorities Order Anthropic to Suspend Claude Fable 5 Over Security Concerns
Anthropic has suspended access to its Claude Fable 5 model shortly after launch, citing a US government directive to block foreign nationals from using it. The company described the model as 'too powerful' and abruptly disabled it along with Mythos 5 for all customers.
Israeli Strikes on Beirut Threaten US-Iran Peace Deal, Diplomat Says
A diplomat involved in US-Iran peace talks says Israeli strikes on Beirut have created issues with finalizing a deal, calling the strikes an attempt to sabotage President Trump's deal and drag the US back into war.
Iran Parliament Speaker Condemns Israeli Attacks, Questions US Commitment
Iran's Parliament Speaker Mohammad Bagher Ghalibaf criticized Israeli strikes on Beirut, saying the U.S. either lacks the will or ability to fulfill commitments. His remarks cast doubt on the future of the Iran nuclear deal.
Iran Says Regional Security Must Include Tehran as Central Stakeholder
Iranian Foreign Minister Abbas Araghchi stated that any lasting security architecture in West Asia must include Iran, rejecting the notion of isolating the country. He argued that Iran's influence and geography make it indispensable.
Ghalibaf: US Lacks Will or Ability to Fulfill Commitments After Dahiyeh Incursion
Iranian politician Mohammad Ghalibaf criticized the US following Israel's incursion into Dahiyeh, stating that America either lacks the will or the ability to fulfill its commitments.
Iran warns Israeli strike on Beirut could jeopardize US deal
Iran signals that an Israeli strike on Beirut could derail a US-brokered deal, dismissing Washington’s 'good cop, bad cop' approach as ineffective.
Trump's Rural Support Weakens on Fuel, Food Price Concerns: Reuters/Ipsos Poll
A new Reuters/Ipsos poll shows declining support for President Donald Trump in rural America, with rising fuel and food prices cited as key voter concerns.
Iran Closes Strait of Hormuz to Foreign Vessels Indefinitely
Iran's state broadcaster reports the Strait of Hormuz will remain closed to foreign ships until further notice, blocking entry or exit through the strategic waterway.
Trump Heads to G7 Summit Amid Progress on Iran Deal
U.S. officials report significant progress on a potential Iran deal as President Trump travels to the G7 summit in France. The June 15–17 meeting in Évian-les-Bains will also focus on Middle East security, trade, and Ukraine.
Global Indices Gain Modestly; US Oil Falls 2.5%
Major stock indices posted modest gains over the weekend while crude oil declined over 2.5%, led by a 2% rise in a SPACEX-linked benchmark.
Iran Official: US to Release $25B in Frozen Assets Under Draft Deal
A senior Iranian official told Reuters that a draft memorandum would see the US release $25 billion in frozen Iranian assets through cash transfers, regional cooperation, and credit lines.
SpaceX Seeks $75B in Share Sale, Valued at $1.77 Trillion
SpaceX plans to raise $75 billion by selling 555.6 million shares at $135 each, according to an SEC filing. The deal values the rocket company at $1.77 trillion, making it the seventh most valuable U.S. firm, ahead of Tesla.
Strait of Hormuz Expected to Reopen After Agreement; Vance and Ghalibaf to Attend Signing
U.S. Vice President JD Vance and Iranian Parliament Speaker Ghalibaf are expected to attend a signing ceremony, after which the Strait of Hormuz would reopen to shipping without anchoring restrictions and the blockade on Iranian ports would be lifted.
Iran Yet to Decide on Proposed Memorandum of Understanding: Report
Iran has not announced a final decision on a proposed memorandum of understanding, according to a report by IRGC-affiliated Fars News citing an informed source close to the negotiating team.