Global markets rallied as Wall Street hit new record highs driven by strong AI earnings and oil prices fell to a three-week low on Middle East de-escalation hopes. Meanwhile, SpaceX reported its first public earnings with a surge in revenue and AI spending.
Following recent Israeli strikes in the Gaza Strip that killed civilians and destroyed medical supplies, the Board of Peace and mediators are intensifying efforts for de-escalation. Nickolay Mladenov stressed both Israel and Hamas must uphold peace agreements, including a January 2025 ceasefire and a July 30 agreement to disarm Hamas.
U.S. Treasury yields declined Monday, with the 10-year note falling to 4.688%, as oil prices slumped amid hopes of de-escalation in the Iran conflict following President Trump's claims of renewed negotiations. However, Iran's foreign ministry denied any immediate plans for direct talks with the U.S.
Oil prices, including WTI and Brent crude, fell over 6% following US President Trump's announcement of potential talks with Iran to resolve nuclear issues and reopen the Strait of Hormuz. Despite hopes for a diplomatic breakthrough, market uncertainty persists due to ongoing security risks in shipping routes and skepticism about the negotiations' success.
Saudi and Iranian foreign ministers, Prince Faisal bin Farhan Al-Saud and Abbas Araghchi, discussed diplomatic efforts to ease Gulf tensions. This follows a call between Saudi Crown Prince Mohammed bin Salman and US President Donald Trump, where Saudi Arabia expressed concern over potential US strikes on Iran.
Donald Trump announced the US would delay new strikes on Iran if a deal to end the conflict is quickly reached, following calls from Saudi Crown Prince Mohammed bin Salman urging de-escalation and amid Iranian threats of retaliation after drone attacks in Kuwait and ship incidents off Oman.
India urges de-escalation in West Asia after a surge in hostilities, condemning attacks on vessels in the Strait of Hormuz, which affected Indian nationals, and emphasizes the need for free navigation and peace in the region.
UN Secretary-General Antonio Guterres expressed deep concern over renewed Ansar Allah (Houthi) attacks on commercial vessels in the Red Sea and urged immediate de-escalation to prevent further tensions.
Washington's Persian Gulf allies are increasingly frustrated by the US-Iran conflict, which threatens their security and economies. They hold differing views on US strategy, with some advocating escalation and others immediate de-escalation, while the UAE seeks European involvement in maritime security.
Arab capitals are relieved by the Iran-Israel ceasefire but alarmed by regional implications. Despite past opposition to Iran, Gulf states now reject a war, driven by concerns over an unrestrained Israel's actions in Gaza and Lebanon, and the West's selective enforcement of international norms.
Trump minaccia una "potenza mai vista" contro l'Iran se dovesse essere ucciso. "Ho lasciato istruzioni", ha detto. "L'Iran ci ha chiesto di continuare a parlare", ha aggiunto, ma "il cessate il fuoco è terminato". Qatar media per la de-escalation.
Il Qatar media tra Washington e Teheran per evitare una ripresa della guerra. Israele condivide intelligence su un piano iraniano per uccidere Trump. Il traffico a Hormuz è quasi fermo. Tensione alta tra Usa e Iran.
Economists believe Australia will avoid recession despite a projected contraction in GDP per capita, citing falling oil prices and a tax cut. While inflation and interest rates remain concerns, future growth is anticipated, boosted by datacenters and AI.
South Yorkshire Police reviewed footage showing officers using batons and stun guns on teenagers, concluding the force was proportionate, necessary, and justified. The review, including bodycam footage, found an "opportunity for learning around de-escalation" but upheld the officers' actions.
Despite ongoing diplomatic efforts with Iran, the US continues to deploy A-10 attack aircraft in the Middle East. CENTCOM confirmed the presence of these aircraft as part of a broader military readiness strategy amidst negotiations on Iran's nuclear program and the Strait of Hormuz.
US and Iran held productive talks in Switzerland, agreeing to establish committees for nuclear negotiations and a mechanism to end hostilities in Lebanon. Progress was made on oil exports, sanctions relief, and asset release, with a 60-day deadline for a final deal.
Russia has updated its Collective Security Concept for the Persian Gulf, proposing collective political and diplomatic work to reduce tensions and foster cooperation. The updated concept, focusing on practical steps like preventing incidents and protecting navigation, emphasizes international law, non-interference, multilateralism, and the indivisibility of security.
US President Donald Trump and Iranian President Masoud Pezeshkian digitally signed a 14-point memorandum of understanding in Paris, aiming to end hostilities, reopen the Strait of Hormuz, and initiate talks on sanctions relief and Iran's nuclear program.
Russia has updated its Collective Security Concept for the Persian Gulf, proposing long-term compromise solutions to reduce tensions and foster cooperation. The updated concept emphasizes international law, non-interference, multilateralism, and the indivisibility of security, focusing on practical steps like preventing incidents, protecting navigation, and controlling arms.
Oil prices hovered near $80 per barrel as Middle East conflict shows signs of de-escalation. WTI crude traded at $81.12 and Brent at $83.43, up from Monday's near 5% fall. A signed memorandum of understanding aims to end the conflict, potentially reopening the Strait of Hormuz.
A forthcoming US-Iran agreement, set for June 19, aims to de-escalate regional tensions by addressing navigation security, economic relief for Iran, and limiting nuclear ambitions. While markets reacted positively, the deal's concessions primarily benefit Iran, sparking criticism from Israel.
Wall Street surged as President Trump announced the cancellation of planned strikes against Iran, citing potential agreement. Bitcoin also rebounded. Meanwhile, SpaceX is set for a historic IPO.
Bahrain's Foreign Minister Abdullatif bin Rashid Al Zayani met with Russian Foreign Minister Sergey Lavrov in Moscow, stressing Bahrain's awareness of Russia's significant role in de-escalating tensions in the Middle East and respecting state sovereignty.
Iran closed the Strait of Hormuz, escalating regional tensions after US and Israeli strikes. The US threatened harsh strikes on Iran, while Russia warned of nuclear proliferation risks and called for US nuclear weapons withdrawal from Europe. Other news includes inflation data from Russia and a Colombian president's suspension.
