Daily June

• The United States and China conducted "candid" maritime military safety talks in Hawaii on June 2, 2026. • These high-level discussions focused on reducing the risk of accidental collisions and miscalculations between the two nations' naval forces. • The meeting is significant as it represents a critical effort to maintain open communication channels and prevent escalation in the volatile Indo-Pacific region.

• Iranian Parliament Speaker Mohammad Baqer Qalibaf stated on Sunday that Tehran will refuse any deal with the United States until the rights of the Iranian people are fully secured. • Separately, official Berri highlighted that the primary obstacle to a ceasefire is not the resistance's position, but the ongoing Israeli military operations in Lebanon. • These Israeli operations have reportedly displaced thousands of Lebanese civilians and resulted in the widespread demolition of homes and villages.

• The US and Iran reached a provisional agreement on June 1, 2026, for a 60-day ceasefire to facilitate the resumption of nuclear program negotiations. • This geopolitical development led to a broad 2% decline in energy prices and a reduction in market-implied volatility. • Equity markets responded with mixed results in the euro area and gains in the US, while Asian stocks, specifically the Nikkei-225, saw the strongest performance.