India's crude oil imports from Russia are projected to reach an all-time high of 2.35 million barrels per day in June, driven by Strait of Hormuz disruptions and continued demand. Russia has become India's primary supplier since the US-Iran conflict began.
Shipping industry insiders suggest a deal's impact on global trade hinges on US sanctions relief and mine clearance in a strategic waterway. Companies maintain current Middle East operations, while analysts anticipate a wait-and-see approach despite the agreement promising to restore commercial shipping.
Chinese lithography firm CFMEE plans a Hong Kong IPO next week, aiming to raise up to $410 million to fund strategic investments, R&D, and capacity expansion as China pursues semiconductor self-sufficiency.
Crimea has banned nighttime rides on mopeds, quad bikes, and motorcycles, citing their noise resemblance to drone attacks and alleging children are deliberately involved. Ukraine has intensified drone attacks on the peninsula, impacting supply routes and fuel availability. Meanwhile, a Ukrainian drone hit a Moscow refinery, halting operations, and Russia's strikes killed at least eight people across Ukraine.
G7 leaders aim to prioritize the Ukraine war, with Donald Trump suggesting the US may soon reinstate sanctions on Russian oil. Meanwhile, Ukraine reports a bomber crash and Russian strikes kill at least eight people across multiple regions. A Russian artist critical of Putin was killed in Poland.
The Russian stock market saw an accelerated decline, with the MOEX Russia index falling below 2,500 points and the RTS index losing 1.8%. This dip was attributed to a statement by US President Donald Trump indicating a potential cancellation of eased sanction requirements on Russian oil.
Foreign tourist arrivals in Cuba have plummeted by 58.4% in the first five months of 2026 due to tightened US sanctions targeting the tourism sector. Airlines and hotel chains have suspended operations, impacting Canada, the largest source of tourists, and Spanish firms Meliá and Iberostar. The sanctions have also exacerbated shortages of fuel, medicine, and food, leading to economic paralysis and rare public protests.
Envioscuba.com, a major platform for Cubans in the US to send remittances and goods to relatives on the island, has stopped taking new orders due to US sanctions targeting Cuban businesses. The platform cited reasons beyond its control for the cessation of services.
President Donald Trump confirmed a deal with Iran includes scrapping US sanctions, describing it as a "behavioral thing." The memorandum, electronically signed by Trump, VP Vance, and Iran's Speaker Ghalibaf, is set for official signing on June 19 in Switzerland.
China's Ministry of Commerce criticized the US for "continuously overstretching the concept of national security" and suppressing Chinese companies, stating these actions harm the global economic order and supply chains.
Cuban scientists and conservationists are facing significant challenges in protecting the island's marine ecosystems due to economic scarcity, US sanctions, and the climate crisis. Despite limited resources, they are employing innovative methods like coral farming and relying on local volunteers to mitigate damage from pollution, invasive species, and coral diseases.
Russia's ambassador to the US stated that Russia faced issues accessing G20 events during the US presidency due to sanctions. Representatives from the Russian Union of Industrialists and Entrepreneurs and the Russian Academy of Sciences were denied entry to the US. Moscow views this as a violation of host country obligations and undermining the G20's role.
Cuba's President Miguel Díaz-Canel announced a broad package of economic reforms affecting tourism, foreign trade, investment, and the private sector. The measures aim to liberalize the economy, re-open tourism to new players, reform state import companies, and reduce ministries, while acknowledging US economic pressure and calling for unity.
Cuba's Foreign Minister Bruno Rodriguez Parrilla denounced US sanctions against state oil company CUPET as "crude lies" and "aggressive, uncouth, and rabid lies." The US claims assets were unlawfully expropriated and accuses Cuba of hoarding energy. The sanctions follow a pattern of intensified US pressure, impacting daily life, medical supplies, and infant mortality on the island.
Empyrean Technology, a Chinese EDA provider, has backed a new chipmaking method using "true-3D" stacking, compatible with Huawei's LogicFolding architecture. This approach, presented as an alternative to Moore's Law, aims to bypass US sanctions on advanced lithography equipment by compressing signal travel time instead of shrinking transistors.
Three Indian crew members were killed when the US Navy attacked merchant ships off the Oman coast; India lodges strong protest with the US.
The US government has imposed sanctions on Cuba's state-owned oil and gas company, Cupet, citing unlawful expropriation and the weaponization of energy. The move is expected to worsen fuel shortages and tensions between the two nations.
The US has sanctioned Cuba's state-owned oil company, Cupet, accusing the government of diverting energy resources for personal enrichment. Secretary of State Marco Rubio announced the sanctions, citing Cupet's alleged illicit expropriation of assets from American owners.
The U.S. government has imposed sanctions on Cuba's state-owned oil and gas company, Cupet, accusing it of unlawfully expropriating assets and weaponizing energy. Secretary of State Marco Rubio stated that Cupet's assets in the U.S. are blocked, escalating tensions.
Cuba claims the US oil blockade is preventing the UN from distributing $6.3 million in humanitarian aid due to fuel shortages. Foreign Minister Bruno Rodriguez stated the blockade also hampers the Cuban economy and international organizations' work. The UN High Commissioner for Human Rights called for an immediate lifting of US sanctions, citing children dying due to lack of medical supplies.
UN Human Rights Commissioner Volker Turk stated that US sanctions are causing children to die in Cuba due to shortages of essential medical supplies. Infant mortality has doubled, and cancer survival rates have dropped significantly.
UN warns US sanctions on Cuba cause spike in infant mortality and child cancer deaths due to lack of medical supplies, despite US claims humanitarian aid is exempt.
Fifa's Iranian World Cup ticket allocation revoked due to US sanctions, affecting fan attendance; Fifa working to resolve, Iranian federation and supporters condemn move as politically motivated.
Chinese researchers, led by Huawei and multiple institutes, successfully conducted full-parameter post-training on a 1.6 trillion-parameter AI model using over 1,000 Huawei chips, enhancing China's AI self-reliance.
