CENTCOM hit Iranian air defense sites near the Strait Tuesday at 5 PM ET. Iran downed a U.S. Apache helicopter Monday; both crew rescued. The Strait was already closed. Now it’s a combat zone.Fox
2.
S&P 500 fell 0.26% Tuesday. Nasdaq dropped 0.97% as a one-day chip rally faded. May CPI prints at 8:30am. Consensus is 4.2% year-over-year, up from 3.8%.CNBC
3.
WTI fell 2.8% to $88 Tuesday even with the Strait still shut. It slid another 2.7% overnight to ~$85.62 despite CENTCOM strikes. Direct U.S. strikes on Iran used to move oil $5. This time: $2.Reuters
Tech & AI
4.
China May exports jumped 19.4% year-over-year, beating the 15% forecast. Imports rose 27.4%. AI chip demand is driving both numbers.Reuters
5.
Apple unveiled “Siri AI” at WWDC Monday. Then confirmed it won’t launch in the EU, blocked by the Digital Markets Act. Apple stock fell 3.6%.BBG
6.
Marvell Technology and Flex will join the S&P 500 on June 22. Marvell is up 210% this year on AI infrastructure demand. CNBC
Politics
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House passed the $70 billion ICE and border funding bill 214–212 Tuesday. It heads to Trump’s desk. Two-vote margin. That number kept shrinking all week.Fox
8.
Trump formally nominated Todd Blanche as attorney general. Blanche has run the DOJ as acting AG since Bondi’s exit. AP
Around the World
9.
Israel struck the Lebanese city of Tyre Tuesday. At least 8 killed, 32 wounded. The evacuation order included Tyre’s Christian quarter for the first time.AP
10.
A 6.1 magnitude earthquake hit off Cuba Monday. Largest quake ever recorded in the Gulf of Mexico. Buildings shook in Miami. Nobody expected to feel that one.Reuters
