Middle East: Iran-Israel Strikes and Ceasefire Signals
Iran Signals End of Strikes Against Israel After Hours of Attacks Iran’s Revolutionary Guards Corps said it had concluded its latest military operation against Israel after both countries traded strikes and an uneasy two-month truce broke down. Iran announced a “cessation” of attacks, while Trump claimed both sides want an “immediate ceasefire.” — NYT · Guardian · France24 · CNBC · Bloomberg
Israel Strikes Iranian Petrochemical Complex at Mahshahr Video shows plumes of smoke rising from the Mahshahr Petrochemical Complex in Iran’s Khuzestan Province. The facility makes materials Iran says are for civilian use, but Israel argues are deployed in military applications. — Al Jazeera · NYT
Netanyahu Orders Strikes Despite Trump Claiming ‘I Call All the Shots’ Netanyahu ordered strikes on Iran despite Trump’s assertions of control over the situation, raising tensions between Washington and Jerusalem. — Guardian
Resuming War a Short-Term Boon for Netanyahu, but Grim Choices Await If President Trump forces Israel to stand down against Iran, analysts say it could leave Israel hindered from responding forcefully to attacks by Hezbollah. — NYT
Iran Says US to Blame for Resumption of Hostilities Iran’s FM spokesman Esmaeil Baghaei said Israel’s ally the US is responsible for “whatever happens in the region.” — Al Jazeera
Russia Claims Western Powers Could Weaponise Ex-ISIL Fighters Russia’s Federal Security Service chief said Western powers could weaponise ex-fighters, but analysts doubt the claim. — Al Jazeera
Asia-Pacific
7.8-Magnitude Earthquake Kills at Least 32 in the Philippines A 7.8-magnitude quake struck off the island of Mindanao, causing widespread destruction and a deadly landslide. More than 100 others were injured and tens of thousands displaced. The quake triggered small tsunami waves in the Philippines, Indonesia, and Japan. — NYT · BBC · France24
Xi Jinping Arrives in Pyongyang to Revitalise China-North Korea Ties Chinese President Xi Jinping arrived in Pyongyang for a meeting with Kim Jong Un aimed at revitalising bilateral ties. — Guardian
Searching for Shade at 125°F in Pakistan Every season brings a new struggle for people in Dadu District, Pakistan, an area prone to sandstorms, drought, and flooding — now facing extreme heat. — NYT
Taiwan Hits Back at Beijing’s ‘Cognitive Warfare’ After Coastguard Patrols Taiwan responded to Beijing’s characterisation of recent coastguard patrols as “cognitive warfare.” — SCMP
China’s C919 Jet Poised to Tackle Ageing Domestic Fleet An industry official says China’s domestically-produced C919 jet is positioned to address the country’s ageing fleet of airliners. — SCMP
Monsoon Season Brings Vital Rainfall to Parts of Asia The monsoon season is delivering much-needed rain across parts of Asia. — Guardian
Africa
Malawians Repatriated from South Africa Amid Xenophobia Concerns Malawi is among several African nations transporting their citizens out of South Africa following reports of violence against migrants. — BBC
Ebola Spreading at Unprecedented Rate in DRC The Ebola outbreak in the Democratic Republic of Congo is spreading at an unprecedented rate, officials say. — NPR
Europe & Caucasus
Armenian PM Pashinyan Declares Victory in Parliamentary Elections Armenian PM Nikol Pashinyan declared victory in the country’s parliamentary elections. — Al Jazeera
Stormzy and Oritsé Williams Join Tributes to Musician Stabbed in East London Artists paid tribute to musician Talay Riley, who was stabbed to death in east London. — Guardian
Unions Attack ‘Year-Long Delay’ for Tata Steel Furnace Grid Connection in South Wales Unions criticised a year-long delay in connecting a new Tata Steel furnace to the electricity grid in south Wales. — Guardian
US Politics
Trump Walks Out of NBC’s Meet the Press Interview Trump walked out of an interview with NBC’s Meet the Press after a clash over election claims. — Guardian
Trump Repeats Claim That California Election Was Rigged Trump repeated his claim that the California election was rigged. — Guardian
Badenoch Dismisses Starmer’s Warning to Tech Firms on Under-16 Social Media Ban UK Conservative leader Kemi Badenoch dismissed PM Starmer’s warning to tech firms and said a social media ban for under-16s would be “much simpler.” — Guardian
Arizona Lake Closes Indefinitely After All Fish Die San Carlos Lake in Arizona has been closed indefinitely to visitors after all of its fish died. — Guardian
Markets & Finance
Oil Prices Spike Then Pull Back Amid Iran-Israel Hostilities Oil rose amid heightened Middle East tensions, with chip stocks rebounding in premarket. Fresh Iran-Israel strikes pushed oil above $92 a barrel overnight before pulling back after Trump’s ceasefire claims. — CNBC · Quartz
China Helping Cushion Global Oil Prices — But Analysts Warn It Won’t Last China has reduced oil imports since the start of the Iran war, capping global crude prices — but analysts caution this restraint is temporary. — CNBC
Gold Tumbles During Iran War — ‘Myth’ of Safe Haven Exposed Gold has tumbled during the Iran conflict, exposing what MarketWatch calls a “massive myth” about gold as a hedge against geopolitical risk. — MarketWatch
Eli Lilly Stock Surges on Next-Gen Weight Loss Drug Results Participants on the highest dose of retatrutide lost an average of 28.3% of their body weight over 80 weeks. The Wegovy pill continues to dominate the GLP-1 pill market despite Lilly’s new entrant. — Quartz · MarketWatch
Marvell Technology to Join S&P 500 on June 22 The AI chipmaker will join the S&P 500 benchmark index on June 22 alongside electronics manufacturer Flex, as part of a quarterly rebalance. Stock surged in premarket. — Quartz
UK FCA Proposes Allowing Funds to Allocate Up to 10% to Crypto ETNs The FCA proposed allowing authorized UK funds to hold up to 10% in crypto exchange-traded notes, extending access opened by last year’s retail ban lift. — The Block
USAA to Return Nearly $1 Billion to Florida Members USAA said it will deliver nearly $1 billion in combined savings and returns to eligible Florida members, including a $500 million dividend, as legal reforms help lower insurance costs. — CNBC
Hong Kong & Environment
Hong Kong Data Centres Outpace Global Average for Carbon Footprint A UN study found Hong Kong data centres produce a higher carbon footprint than the global average. — SCMP
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