A $300 billion private fund is written into the U.S.-Iran deal. More than $150 billion already committed. The deal text isn’t even public yet.Reuters
2.
WTI settled at $76.05 on Tuesday, down 5.8%. Fell about 5% for a second straight day. Reuters
3.
The Fed concludes Warsh’s first meeting at 2pm today. Hold expected at 3.50%–3.75%. The dot plot and press conference are the real events.CNBC
Markets & Economy
4.
Dow closed at a record 52,003 on Tuesday. S&P and Nasdaq slipped on tech selling. SpaceX’s market cap now exceeds Amazon’s.Reuters
5.
Housing starts fell to 1.177 million in May. Slowest pace since May 2020.Census
6.
Import prices rose 1.9% in May, up 6.7% year-over-year. Energy costs still working through the pipeline.BLS
Politics
7.
FBI foiled a plot to bomb the White House UFC event using armed drones. Five arrested across four states, 23 suspects identified. Fox
8.
Trump met Zelensky for 30 minutes at the G7. Told Russia to “make a deal.” Macron was caught on a hot mic calling his own Trump meeting “difficult.”Fox
Around the World
9.
Ukraine struck Moscow’s largest oil refinery Monday morning. The Gazpromneft plant sits 15 kilometers from the Kremlin. Reuters
10.
Iran’s foreign minister said the deal requires Israel to leave Lebanon. Netanyahu said Israel stays “as long as necessary.” AP
