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Iran 'final update' : The U.S. and Iran have remotely signed their memorandum of understanding to end the war and open the Strait of Hormuz, and the agreement is now in effect, two U.S. officials told Axios, so no Burgenstock ? damn.. Markets : Kevin Warsh’s first Fed meeting sees rates hold steady and makes outright promise to deliver price stability—but don’t expect many details on when!, just 100 words statement, forward guidance is over (Alleluya.. ! ), FX super quiet 'USD slightly higher', USDJPY at or near previous 'intervention levels', equity had a mini close lower, higher again overnight, HSI notably struggling through, Crude $75 welcome development for many clearly (where are all those experts calling for $150 or more..) Warsh said “Persistently high prices are a burden for the American people. But the recent past need not be prologue” and “Members of the FOMC are unambiguous and unanimous: this committee will deliver price stability”, he ended the meeting with ''"I can't give you any guidance on what we're going to do next."... deal with it..>>> Underpinning his emphasis on accountability, his delivery was noticeably more open, engaging, concise, and honest. US, Iran sign deal ahead of Friday meeting Crunching the numbers on Warsh’s lil’ statement statement Ole S Hansen on X: "Crude tumbles as Hormuz reopening nears; gold hit by Fed, lifted by Trump #CrudeOil prices fell to fresh lows after Wednesday’s rebound proved short-lived, with markets continuing to price in a rapid normalization of supply following President Trump's signing of the US-Iran" / X US SEC Innovation Exemption Could Open US Equity Markets to Tokenized Stock Trading US Crude Oil, Gasoline Inventories Still Falling: EIA | OilPrice.com Reform leader Nigel Farage breaking UK company law | The National Magyar Purges Orbán-Era Spy Chiefs, Names Russia Hybrid Warfare Expert - VSquare.org „20 Minuten“ lanciert Arbeiten in Flipflops: Are We Nuts? – Inside Paradeplatz Exclusive: UK in advanced talks with Nissan over Sunderland plant support, sources say | Reuters ‘I’m the boss’: Trump strides into G7 session, leaders demand Lebanon ceasefire | News24 Anthropic’s Dario Amodei Urged AI Unity at G7, Even as US Banned His Models

Iran update : The US and Iran are preparing to sign an interim peace deal which would dole out broad financial incentives to Iran, including the right to immediately sell oil, tap a $300 billion development fund and eventually unlock frozen assets, Tehran threatened Israel with a “harsh response” if it doesn’t stop its military campaign in Lebanon, state-run IRIB reported, anyhow, the Iran deal will be signed on Friday at the beautiful Burgenstock ! Markets : Kevin Warsh's first FOMC meeting, it'll be Very interesting to see if any big changes (drop the dots !), unchanged, easing bias to be left out finally, and watch inflation expectations though !, JPN exports higher on weaker #JPY, SPACEX is rallying because index funds need it and there is only a 4% float so it has to rally (in short-term at least), on $3trn valuations that's 200x sales on about $20bn annual revenues.. >>> FOMC, be open minded, crude prices gives him optionality, markets look a little overcooked on SPACEX momentum, that being said.. nothing much seems to worry them these days.. specially not lower crude prices (DOW made new highs..) Europe’s Defense Renaissance and America’s Missed Signal, Ukraine’s Wartime Innovation Is a Once in a Century Industrial Catalyst The Strategic Petroleum Reserve has just fallen to its lowest level since August 1983- 340.3mb. That's a 42 yr low. No matter where you stand politically, it's a remarkable statistic: America's emergency oil stockpile hasn't been this depleted since the Reagan era, let's hope there is no renewed 'Iran related pressure' France ends the contract between Palantir and DGSI (domestic intelligence agency). Palantir will be replaced by ChapsVision. The contract had previously been renewed several times for lack of alternative. Germany also moved to ChapsVision earlier this year #PLTR Meloni and Trump speak on sidelines of G7 summit after public spat A Strategic Blunder of Epic Proportion | RealClearDefense The Strategic Consequence The United States is not losing influence in Europe because of policy disagreements. It is losing because Europe is building a defense industrial model that is faster, cheaper, more adaptive, and increasingly independent. Ukraine is the catalyst. Europe is the beneficiary. And unless Washington recalibrates, America will be the strategic loser. US Set to Offer Iran Broad Financial Gains in Peace Deal Exclusive | The Trump-Iran Deal Allows Tehran to Immediately Sell Oil - WSJ SpaceX to Acquire Cursor in $60B Stock Deal, Deepening Elon Musk’s AI Empire The deal for Cursor, the AI coding tool, is all stock. No cash. SpaceX issues shares, hands them over, done, great when you can do this! Months before the IPO, SpaceX took $17.5 billion of old junk debt from xAI and X and parked it on its own balance sheet through a $20 billion bridge loan.The terms? Repaid within six months of listing. So part of the $75 billion that retail and index funds just handed over is already spoken for. Not for Mars. Not for rockets. To clear debts piling up at Elon's other companies. Did I just buy buy the rocket ship, or the loans, best financial engineering ever, you've got to admit.. OKAY..its a near $3trn company now so who cares about $20bn... agreed France replaces Palantir in intelligence systems with local firm ChapsVision, PM says – Firstpost Japan May exports grow at fastest pace in over three years, beating estimates China makes new push to take yuan global, vows vigilance on financial risks - Nikkei Asia Streeting says he would be prepared to trigger leadership contest as early as next week Of course he would.. doing Burnham a favour to get potentially back wiht the new PM.. Good news UK inflation holds steady at 2.8% in May BMW lowers profit outlook due to China downturn, Iran war

Iran update : The US is at odds with European allies, which are skeptical about Donald Trump’s promise that the Strait of Hormuz will reopen by Friday. Trump will release the text of the MOU on Friday, JD Vance told Fox News, Trump also secretly approved a Qatar-Iran cash deal >>> The markets celebrated the moment Hormuz reopened toll-free, but the agreement behind that headline may be far weaker than anyone wants to admit... Markets : so after all the experts said what they had to say...the world's largest ever oil supply disruption failed to create a major energy crisis..., Trump threatens 100% tariff on French wine over U.S tax issue, BoJ hikes and would you believe to the highest level since 1995 (JPY unch, JGB's softer again..), China retail sales down 0.6% YoY, The IEA said 2026 shock was worst than 1973, 1979 and 2022 together. And yet, the cost of oil, natural gas, electricity and coal never surpassed the previous peaks Carney: The new world order will be built from Europe. Canada is the most European of non-European countries, and we are transforming our cooperation with the EU ... In a more dangerous and divided world, Canada has chosen to build and work in partnership with Europe Crimea : A Sevastopol real estate agent says that property prices have already collapsed -40%, Russian leaving Boris and Farage should “hang their heads in shame” for the damage they caused to Britain by leading the campaign that saw it leave the EU Trump threatened to set a 100 percent tariff on French wine and champagne unless Paris removes a digital services tax on technology firms, The New York Post reported Monday China's gasoline demand just fell more than 20% in a single year. EVs are now 60%+ of all new car sales in China Kevin Warsh faces rate hike pressure at first FOMC meeting G7 summit: Ukraine and Iran head agenda Trump secretly approved Qatar-Iran cash deal This was a deliberate and conscious course of action by the US administration, which allowed its navy to turn a blind eye to the arrangement, in complete contradiction of its declared policy. The move was intended to ease the crisis in global energy markets and curb rising oil prices. The bombshell behind the deal: Trump's own CIA director doubts Iran will keep its word... CIA Director John Ratcliffe told Trump and senior officials that U.S. intelligence raised serious doubts about Iran's willingness to make the nuclear concessions the deal seeks. Mario Nawfal on X: "🚨🇺🇸🇮🇷 The markets celebrated the moment Hormuz reopened toll-free, but the agreement behind that headline may be far weaker than anyone wants to admit... The MOU that supposedly ended the standoff was reportedly signed without Israel or the Gulf states agreeing to the terms, https://t.co/A6SVZZWw2Q" / X Trump threatens 100% tariff on French wine over tax on US tech giants Apple, Amazon, Facebook - France 24 Chinese economy stalls with investment, consumption in big slump consumption and investment sinking...while Industrial Production increases which they then dump on RoW Australia central bank warns hikes are not off the table as it keeps rates steady at 4.35% Bank of Japan hikes rate to 31-year high Russian navy officers and their families reportedly fleeing Crimea A Sevastopol real estate agent says that property prices have already collapsed -40%. Strait of Hormuz shipping flow will take ‘weeks’ to resume after US-Iran deal, warns Mitsui OSK Lines CEO Jotaro Tamura Heseltine: It’s time to reverse Boris Johnson and Nigel Farage’s ‘heinous crime’ of Brexit | The Independent Mark Carney: Canadian prime minister begins two-day visit to Ireland

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