Real-time News

According to Fox News: The latest round of US strikes against Iran is larger than last night's operation. US and Bahraini forces shot down nine Iranian drones that were heading towards US forces in Bahrain.

According to the Islamic Republic of Iran Broadcasting (IRIB): Several shells struck a village on Qeshm Island.

June 28 - The United States launched a military strike against Iran on June 27 local time.

June 28 - Neuberger portfolio manager Joseph Purtell said, "In the short term, the dollar is likely to remain strong due to rising US real interest rates." He believes the dollar is poised to break out of its six- to nine-month range, but added that in the long term, the dollar may weaken given structural issues such as the fiscal sustainability of the US government.

The European-Mediterranean Seismological Centre reports a magnitude 6 earthquake off the east coast of Honshu, Japan.

On June 28th, Gavekal Research stated in a report: "In 2025, the market is widely concerned that Trump will weaken the independence of US monetary policy, nominate a political puppet as Federal Reserve Chairman, force the Fed to cut interest rates, and cause inflation to remain persistently above the Fed's 2% target." "Developments over the past seven months have made this scenario unlikely." These developments include the appointment of Kevin Warsh to lead the Fed and the re-election of 11 of the 12 regional Fed presidents. At Warsh's first meeting earlier this month, the Fed emphasized its commitment to price stability, surprising some market participants who had expected a more dovish stance from the new chairman.

On June 28, US President Donald Trump nominated Lance Schroyer to be the new Director of US Immigration and Customs Enforcement (ICE). Trump stated that Schroyer, a former Oklahoma State Trooper and US Marine, has extensive experience working with ICE and is adept at combating illegal immigration and deporting undocumented immigrants. Trump also urged the Senate to confirm Schroyer's nomination as soon as possible.

The European-Mediterranean Seismological Centre reports a 5.6-magnitude earthquake off the coast of Aragua, Venezuela.

June 28th - According to Politico, on February 28th, when US and Israeli warplanes attacked Iran, Israeli officials initially believed the alliance was entering a golden age. However, four months later, they are preparing for a future where Israel is more isolated than ever before. US Vice President Vance told Israel last week that it has virtually no friends left in the world and should not attack its only remaining powerful ally. But according to seven sources, including US and Israeli officials, Israel's problems extend far beyond Vance; Vance is merely a symbol of the new normal where Israel's status as a US ally no longer takes precedence over any other country. The tensions between the two sides are palpable. One source revealed that Israeli Prime Minister Netanyahu was scheduled to visit Washington five times in 2025. This year, however, he only visited once, in February, and telephone contact has significantly decreased.

Israeli Prime Minister Netanyahu: We are close to controlling 70% of the Gaza Strip and surrounding Hamas.

June 28 - According to foreign media reports on the 27th, citing official Iranian data, Iran's inflation rate in June rose sharply to 88.6% year-on-year, affected by the Middle East conflict.

On June 28, Iran launched a drone strike on Bahrain on Saturday, while simultaneously attacking a ship in the Strait of Hormuz, possibly in response to a US nighttime airstrike. The attacks in the Persian Gulf once again demonstrate that even with a provisional agreement between Iran and the US attempting to reach a final ceasefire, the Iran-Iraq war could still spiral out of control. This comes after the US Central Command stated that it launched strikes against Iran on June 26 in response to the attack on a merchant ship. Meanwhile, the International Maritime Organization announced on Saturday that it would widen the strait near Oman to allow two-way passage. This move could reignite tensions with Tehran, which views the strait as a key bargaining chip in ongoing negotiations with the US.

On June 27th, European Central Bank (ECB) Executive Board member Schnabel warned that even if a US-Iran peace agreement reopens the Strait of Hormuz, price pressures could still be stronger than expected. Schnabel stated on Saturday that "food, goods, and services inflation face upside risks," and that energy price shocks could spread to a wider range of sectors. While welcoming the recent drop in energy prices due to the prospect of a US-Iran peace agreement, she warned that a ceasefire should not be a reason for complacency. She stated, "Uncertainty remains high, but the announced peace agreement reduces the likelihood of a negative scenario." Nevertheless, oil prices are expected to remain high because the Strait of Hormuz is only gradually reopening. Schnabel, considered the most hawkish member of the Governing Council, reiterated that "the ECB expects further interest rate hikes to bring inflation back to 2% in the medium term." She noted that consumer inflation expectations have risen. However, there are no signs of wage pressures yet.

The United Nations estimates that the Venezuelan earthquake could affect approximately 6.8 million people.

ECB Executive Board member Schnabel: The ECB is expected to raise interest rates further.

ECB Executive Board member Schnabel: There are currently no signs of wage pressure.

ECB Executive Board member Schnabel: The US-Iran peace agreement reduces the likelihood of a negative scenario.