US Treasury Secretary Bessent says Iran’s economy is floundering and its military is decimated. Through Economic Fury, Treasury will continue to sever Iran’s shadow fleet, shadow banking networks, and access to global trade.

More than half of Japanese food and daily necessities manufacturers surveyed by Nikkei have raised prices, plan to, or are considering it amid soaring resource prices from the conflict in the Middle East.

Boeing (BA) CEO says it will begin building new 737 Max airplanes on July 6th at a final assembly line it’s opening north of Seattle, via CNBC

US Treasury Secretary Bessent says Iran’s economy is floundering and its military is decimated. Through Economic Fury, Treasury will continue to sever Iran’s shadow fleet, shadow banking networks, and access to global trade.

European Closes: Euro Stoxx 50 -0.76% at 6,057, DAX -0.75% at 24,759, FTSE 100 +0.07% at 10,368, CAC 40 -0.32% at 8,218, AEX -0.55% at 1,041, IBEX 35 +0.38% at 18,345, FTSE MIB -0.56% at 49,893, SMI +0.35% at 13,388, PSI +0.13% at 8,932

US Energy Secretary Wright says US is to add 40mln bbls to SPR after Iran conflict is over, via Fox Business