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SM News:
US Official: Iran’s actions in the Strait of Hormuz were wholly unacceptable to the US and will be met with consequences.
U.S.: revokes Iran-related general license for oil exports.
U.S. OFFICIAL: says Iran's actions in the Strait of Hormuz are wholly unacceptable.

OIL DRIFTS LOWER AFTER OPEC+ AGREES TO RAISE OUTPUT TARGETS
Oil prices ​inched lower on Monday after OPEC+ agreed to further increase its output targets from August ‌while exports from key producers via the Strait of Hormuz are recovering, potentially adding to global supplies.
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HORMUZ SHIPPING STABILIZES, UNCERTAINTY REMAINS
Traffic through the Strait of Hormuz has recovered to an average of 40 vessel crossings per day, according to Kpler.
Shipping rebounded after recent attacks disrupted transit, but uncertainty persists over who controls passage. Iran claims authority over the strait, while the U.S. says no country has the right to restrict navigation.
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THURSDAY'S BREAKING NEWS
USD | NONFARM PAYROLLS (JUN)
Time: 15:30
Effects: High
Previously: 172K
Forecast: 114K
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USD | UNEMPLOYMENT RATE (JUN)
Time: 15:30
Effects: High
Previously: 4.3%
Forecast: 4.3%
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USD | AVERAGE HOURLY EARNINGS (MoM) (JUN)
Time: 15:30
Effects: High
Previously: 0.3%
Forecast: 0.3%
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USD | INITIAL JOBLESS CLAIMS
Time: 15:30
Effects: High
Previously: 215K
Forecast: 219K
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SM News:
Iran's Parliament Speaker Ghalibaf: The discussion about inspectors' access to bombed sites is false.
Iran's Parliament Speaker Ghalibaf on Inspectors' Access: They only have access rights in two cases, one is the Bushehr power plant, and the other is the Tehran reactor. Access has been limited to just these.

🟥 LATEST| NEWS RESULTS
•USD | S&P Global Manufacturing PMI  (Jun)
•Previously: 55.1
•Forecast: 55.7
•Current: 53.9
•Result: Negative for USD 
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🟥 LATEST| NEWS RESULTS
•USD | ISM MANUFACTURING PMI (JUN)
Previously: 54.0
Forecast: 53.8
•Current: 53.3
•Result: Negative for USD
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U.S. President Donald Trump's administration is expected to formally declare on Wednesday that it will not extend the ​U.S.-Mexico-Canada Agreement on trade, starting a decade-long clock to wind down the 32-year-old North American free trade zone as the three countries haggle over proposed changes.

U.S. WEIGHS BAN ON FOREIGN SOLAR INVERTERS
The Trump administration is drafting a ban on foreign solar inverters over fears China could use them to disrupt U.S. power supplies.
The FCC proposal could target new foreign inverter models and may be published this year.
The move follows similar European action and reflects growing U.S.-EU concern over Chinese technology in critical energy infrastructure.

🟥 IRAN POWER STRUGGLE THREATENS U.S. PEACE TALKS
Internal divisions in Iran are complicating peace talks with the U.S.
President Masoud Pezeshkian is seeking the release of frozen assets to support the economy, while the Revolutionary Guard is demanding control of the Strait of Hormuz.
The dispute risks delaying negotiations and raises concerns over future shipping through the vital waterway.

◾️A security deal between Israel and Lebanon risks entrenching a stalemate rather than resolving Israel's underlying conflict with Hezbollah by tying Israel's ​pullout from southern Lebanon to the Iran-aligned group's disarmament, a condition regional analysts and politicians say is unattainable.
At its core is a bargain few see as workable: Hezbollah ‌has flatly rejected disarmament, and no Lebanese government has the power to enforce it.

Iranian and U.S. negotiating ​teams were due in Doha this week, but Iran said on Monday no meeting had been scheduled as weekend missile fire from both sides tested the interim ceasefire ‌to end the four-month-old war.
U.S. President Donald Trump is sending his son-in-law Jared Kushner and his envoy Steve Witkoff to lead the negotiating team, according to his press secretary Karoline Leavitt. While Iran is sending its technical delegation to Qatar this week, Foreign Ministry spokesperson Esmaeil Baghaei said this had "no relation" to the Americans' visit and no talks between the two sides were

TUESDAY'S BREAKING NEWS
GBP | GDP (QoQ) (Q1)
Time: 09:00
Effects: High
Previously: 0.2%
Forecast: 0.6%
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GBP | GDP (YoY) (Q1)
Time: 09:00
Effects: High
Previously: 1.0%
Forecast: 1.1%
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EUR | GERMAN CPI (MoM) (JUN)
Time: 15:00
Effects: High
Previously: -0.2%
Forecast: 0.1%
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USD | CHICAGO PMI (JUN)
Time: 16:45
Effects: High
Previously: 62.7
Forecast: 60.0
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USD | JOLTS JOB OPENINGS (MAY)
Time: 17:00
Effects: High
Previously: 7.618M
Forecast: 7.280

U.S. Supreme Court declines to let Trump remove Federal Reserve Governor Lisa Cook

DOLLAR POISED FOR BEST MONTH IN NEARLY A YEAR; EYES ON GULF TENSION AND JOBS DATA
The U.S. dollar held firm on Monday, on ​track for its biggest monthly gain in nearly a year, as Gulf tensions and elevated Treasury yields ‌underpinned demand ahead of key jobs data later in the week.
The U.S. and Iran traded fresh barbs over the weekend before they agreed to stop tit-for-tat attacks and meet in Qatar on Tuesday, leaving investors nervous about the declared ceasefire.

GOLD SLIPS AS FRESH U.S.-IRAN STRIKES BOOST OIL, WHILE FED RATE-HIKE BETS WEIGH
Gold prices eased on Monday as recent ‌U.S.-Iran strikes in the Gulf pushed oil prices higher, while expectations of U.S. Federal Reserve interest rate hikes further weighed on the non-yielding metal.
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SM News:
Iranian official tells state TV: Iran did not take part in the technical talks slated for Sunday due to recent attacks and unfulfilled conditions.
U.S. and Iran agree to pause strikes, plan talks this week: Axios citing U.S. officials.

🔴 United States aircraft just struck Iranian missile and drone storage locations, and coastal radar sites, for violating the Cease Fire Agreement, AGAIN! It is very possible that they will never learn! There may come a point when we are no longer able to be reasonable, and will be forced to militarily complete the job that we very successfully started. If that happens, the Islamic Republic of Iran will no longer exist! President DJT

TRUMP: “I’D BE THE GREATEST COMMUNIST IN HISTORY”
Donald Trump joked he “would be the greatest communist in history,” arguing that communism is easy to sell by promising free food, rent and housing, but said it ultimately leaves countries in ruin. He also claimed communists resort to political assassinations and accused Democrats of corruption and trying to destroy America.
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🟥 The UN Maritime Agency pauses the evacuation of ships through Hormuz - AP.
White House Official: The US is looking into a strike on a ship in Hormuz
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🟥 The UN Maritime Agency pauses the evacuation of ships through Hormuz - AP.
White House Official: The US is looking into a strike on a ship in Hormuz
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