Wars, sanctions, elections and trade tensions that move markets.

Russia hit Ukraine with hypersonic and ballistic missiles including Oreshnik, with major attacks reported on Kyiv; Ukraine struck Russia's Sheskharis oil terminal in response.

President Trump stated the Iran ceasefire is on life support after rejecting proposals; sides traded fire in the Gulf with efforts to end the war stalling.

Chinese and Russian leaders criticized Trump's missile defense plans and nuclear policy during summit days after Trump's China visit; no major new gas deal reached.

US Trade Rep said China to buy double-digit billions in US farm goods following Beijing summit focused on trade truce extension and Iran issues.

Trump aims to enlist Xi's support to resolve the Iran conflict and extend trade truce amid tensions over tariffs and dual-use goods.

Zelenskiy warned of impending Russian Oreshnik missile strike on Ukraine as part of intensified aerial campaign.

Trump admin extended waiver for countries to buy sanctioned Russian oil to counter energy price shocks from Middle East conflict.

Iran claims US violated ceasefire with fresh strikes; talks on ending war and reopening Strait of Hormuz continue amid stalled negotiations.

Treasury targets financial institutions and militias aiding Iran as shift to economic warfare amid ongoing conflict.

Putin's envoy signals potential trilateral projects involving US, China, and Russia amid shifting geopolitics.

Iran is studying a proposed agreement with the U.S. to end their ongoing war but has not communicated with Washington for days, per Iranian media on June 2. Peace talks continue amid the broader Middle East conflict involving Israel.

On May 24, 2026, President Trump stated the Iran deal is largely negotiated with a dispute over Strait of Hormuz reopening, while US blockade remains; oil futures fell more than 4% amid peace hopes, with stocks rising and dollar sliding.

The U.S. military launched new airstrikes on Iran after the IRGC struck a container ship in the Strait of Hormuz; Iran declared the strait closed until further notice.

Russian forces advanced in eastern Ukraine amid intensified strikes, prompting NATO to discuss further aid. Oil prices rose 3% on supply concerns while defense stocks surged.

U.S. and Iranian officials announced a preliminary agreement on June 14-15, 2026, to halt hostilities, reopen the Strait of Hormuz, and address Iran's nuclear program in follow-up talks. The deal follows months of conflict involving strikes and supply disruptions.

US conducted fresh strikes on Iranian targets after a tanker was hit in the Strait of Hormuz, with Iran responding via drones and threats to shipping; renewed attacks reported on June 27-28, 2026.

The United States imposed 10-12.5% tariffs on goods from 60 partners including EU and China over forced labor concerns, as prior global tariff expired.

Several middlemen have offered discounted Iranian oil to Indian refiners following Washington's temporary sanctions waiver, as Tehran seeks to expedite sales. The development comes amid ongoing Middle East geopolitical tensions affecting energy markets.

Oil climbed following renewed US-Iran strikes and tanker incidents in the Strait of Hormuz, heightening risks to 20% of global oil transit amid threats to close the waterway.

EU countries on May 24, 2026, called for stronger measures against Chinese trade practices as part of broader geopolitical frictions; this follows ongoing US-China summit discussions clouded by tariffs and tech conflicts.
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