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Gold edges lower near $4,150 on US-Iran uncertainty, hawkish Fed signals
Gold (XAU/USD) trades with mild losses around $4,155 during the early Asian session Monday as traders assess US-Iran peace talks uncertainty and hawkish Federal Reserve signals.
Product Tanker Evades Armed Boarding Attempt Near Yemen
A product tanker reported an attempted boarding by five armed individuals in a skiff southeast of Al-Shihr, Yemen. The crew took evasive maneuvers and altered course, successfully avoiding the attackers; no injuries or damage were reported.
Iran Refuses to Return to Quadrilateral Talks After Trump Threats
Iranian negotiators have refused to rejoin quadrilateral talks in Switzerland following threats from President Trump. Mediation efforts via Qatar and Pakistan continue, but no breakthrough has been reached.
WTI Surges Nearly 2% on Strait of Hormuz Closure and Peace Talk Uncertainty
West Texas Intermediate crude oil jumped nearly 2% in early Asian trade Monday, opening with a bullish gap above $1 and retesting the $78 level, driven by the closure of the Strait of Hormuz and fragile peace negotiations.
Iran Protests Trump Threats, Holds Qatar Talks; Oil Blockade Breached
Iran lodged a formal protest with the US over President Trump's threats, as bilateral talks with Qatar began following four-party negotiations in Switzerland. NIOC reported that over 25 million barrels of Iranian oil have passed the blockade since Monday.
British Pound Drops Near 1.3200 on UK PM Starmer Resignation Reports
GBP/USD fell toward 1.3200 in early Asian trading Monday as reports emerged that UK Prime Minister Keir Starmer is expected to resign, adding political pressure to the pound.
Japanese Yen Struggles Near 161.50 as US-Iran Tensions Weigh
The Japanese Yen faces renewed selling pressure near 161.50 against the US Dollar as escalating US-Iran tensions undermine safe-haven demand for the yen.
AUD/USD Softens to Near 0.7000 as US-Iran Talks Stall
The Australian Dollar weakened against the US Dollar, with AUD/USD declining to around 0.7005 in early Asian trading on Monday. Risk-off sentiment driven by stalled US-Iran peace discussions weighed on the currency pair.
UK PM Starmer to Announce Exit Plan on Monday, Source Says
UK Prime Minister Keir Starmer is weighing his political future and plans to announce an exit on Monday, according to a Reuters source, following Andy Burnham's decisive parliamentary election victory.
Iran Suspends US Talks, Closes Strait of Hormuz Over Israeli Strikes
Iranian negotiators have suspended high-stakes talks with the US in Switzerland after Iran shut the Strait of Hormuz over Israeli attacks on Lebanon, escalating geopolitical tensions.
Trump Blasts Italy on Truth Social Over Iran Nuclear Threat
Former President Trump criticized Italy on Truth Social for refusing to engage on the Iran nuclear threat, contrasting decades of U.S. NATO defense spending with Italy's lack of reciprocal support.
Unprofitable Russell 2000 Companies Outperform Profitable Ones Since April
Russell 2000 companies with negative EPS have returned +60% since April 2025, outperforming profitable firms (+38%) and the overall index (+48%). The trend accelerated after the Iran-US ceasefire on April 7th as investors piled into small-cap tech stocks.
The Kobeissi Letter Publishes Weekly Macro Commentary for June 22
The Kobeissi Letter has released its weekly edition for June 22, along with the Chart of the Week. Both are available for viewing or free sign-up via the provided links.
US-Iran Talks Still On, Says Diplomat, Denying Walkout Reports
A diplomat at the Switzerland talks stated that the Iranian delegation has not left and US-Iran talks are ongoing, contradicting earlier reports of a walkout over Trump's threats.
Iran: Steps to Release Frozen Assets Taken with Qatar; No Talks Without Lebanon War End
An Iranian negotiating team member said executive steps to release frozen assets have been taken with Qatari participation, and warned that talks on other issues will not proceed without an end to the war in Lebanon.
Brexit Vote 10 Years On: Reflecting on the Landmark Referendum
A friend reminded the author that 10 years ago on June 16, they were in Dublin preparing to host an event on the likely impacts of a Brexit vote.
Iranian Team Quits Talks in Switzerland Over Trump Threats
Iran's negotiating delegation has left the venue in Switzerland in protest over President Trump's threats, citing a violation of a June 18th memorandum that bars the use of threat or force, according to Iranian state media.
Leveraged SK Hynix ETF AUM Hits Record $13B in Hong Kong
Assets in the 2x Leveraged Long SK Hynix ETF listed in Hong Kong have reached a record $13 billion, more than tripling in two months. It is now the second-largest ETF among roughly 250 listed in the city and accounts for 13% of total local ETF assets.
Bitcoin Back at $64K, Russian Court Ruling, ESMA Crackdown in Weekly Digest
ForkLog's weekly roundup highlights Bitcoin's return to $64,000, a Russian Supreme Court decision recognizing crypto as property subject to theft, an ESMA order for non-MiCA platforms to leave the EU, and Ethereum funding concerns.
Trump Warns Iran to Stop Proxies in Lebanon, Threatens Severe Response
Donald Trump posted on Truth Social, demanding that Iran immediately stop its proxies in Lebanon from causing trouble, warning of a stronger military strike if they do not comply.
US Economic Data Week: PCE, GDP, PMI, Consumer Sentiment
A busy week of US economic data includes S&P Global PMI, new home sales, PCE inflation, Q1 GDP revision, and consumer sentiment. Inflation remains the focus.
Axelar bridge with Secret Network exploited for $4.67M via infinite mint bug
Axelar reported a hack on its bridge with Secret Network, with an attacker stealing about $4.67 million using an infinite mint vulnerability. The theft went undetected for seven days.
Iran Warns Israeli Presence in Lebanon Would Void US-Iran Peace Deal
Iran warned that continued Israeli military presence in southern Lebanon would nullify the US-Iran peace agreement, as Israel's defense minister confirmed no withdrawal from the area.
NSA Confirms Mythos Breached Classified Networks Within Hours
The NSA has confirmed that an entity known as 'Mythos' penetrated nearly all classified systems within hours, marking a significant cybersecurity incident.