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June 7th - As the conflict with Iran triggers global inflationary pressures, the European Central Bank (ECB) is expected to raise interest rates by 25 basis points next week, becoming the first major central bank among the G7 to tighten monetary policy. Markets anticipate at least one more rate hike this year. In contrast, the Bank of Canada is likely to keep its rates unchanged, while the Federal Reserve and the Bank of England are expected to remain on hold this month, observing the impact of the Iranian conflict. ECB officials aim to ensure that inflation in the Eurozone does not become deeply entrenched, but a rate hike would come at the cost of further dragging down an already weak economy. ECB President Christine Lagarde is likely to provide a clearer signal on the next steps at the press conference following the decision. Meanwhile, the ECB will also release its quarterly economic forecasts, assessing different scenarios of the energy shock's impact on the regional economy.

On June 7th, Willie Walsh, Director General of the International Air Transport Association (IATA), stated that rising jet fuel prices are expected to lead to more airline bankruptcies and industry consolidation. He pointed out that a merger between United Airlines and American Airlines is unlikely due to regulatory hurdles. Walsh also stated that once the Middle East conflict subsides, airlines and hubs in the Gulf region will regain market share. Furthermore, despite disappointing progress in clean fuels, IATA remains committed to its 2050 net-zero emissions target.

The Russian Ministry of Defense stated that its air defense forces intercepted 339 Ukrainian drones in multiple regions, including Moscow, within 13 hours.

On June 7th, local time, the Russian Ministry of Defense stated on the 6th that Russian forces had seized control of the Shevchenko settlement in Kharkiv Oblast and struck 153 areas in Ukraine. These included production, storage, and launch sites for long-range drones; fuel, transportation, and port infrastructure; and temporary deployment points for Ukrainian armed forces and foreign mercenaries. The General Staff of the Ukrainian Armed Forces stated on the 6th that Ukrainian forces attacked targets including Russian personnel assembly areas, drone control points, and artillery systems.

Ukrainian Foreign Minister Kuleba: Russian forces attacked two civilian search and rescue vessels in Ukrainian waters, causing casualties.

According to The Economic Times, citing the Press Trust of India, India has raised the price of a 14.2 kg bottle of household liquefied petroleum gas by 29 rupees.

The China Earthquake Networks Center automatically determined that an earthquake of approximately magnitude 3.0 occurred near Shandan County, Zhangye City, Gansu Province (38.80 degrees north latitude, 100.76 degrees east longitude) at 02:21 on June 7. The final result is subject to the official rapid report.

According to Iran's Fars News Agency, an explosion was heard near Kharg Island.

June 7th - According to sources, Sriram Krishnan, a technology investor who spearheaded the Trump administration's pro-industry AI policy, plans to leave the White House at the end of this month to found an outside organization aimed at influencing technology policy. Krishnan is one of the architects of the government's "AI Action Plan," which outlined a blueprint for deregulating new technologies and promoting the construction of data centers nationwide. He also participated in drafting an executive order limiting states' ability to regulate AI. However, advanced AI models such as Anthropic's Mythos have demonstrated the ability to discover software security vulnerabilities, raising concerns among senior government officials about the risk of cyberattacks and prompting some officials to reassess the relaxed regulatory approach championed by Krishnan and others.

According to Saudi media alhadath: Pakistan's Interior Minister has arrived in Iran.

According to The Information, White House senior policy advisor on artificial intelligence, Krishnan, will be leaving the office.

On June 7th, Federal Reserve Governor Michael Barr criticized regulators' moves over the past year to ease restrictions on bank lending, stating that related proposals "significantly weakened bank regulation." Barr stated that the vulnerabilities resulting from deregulation may not be immediately apparent, but will accumulate problems over the next few years and could cause serious damage to the economy. Trump-era officials have taken steps to ease capital requirements for Wall Street banks, narrow the scope of regulation, and pave the way for competition between traditional banks and private lending giants. Barr warned that weaker capital rules, liquidity requirements, and regulation could increase the risk of bank failures. He pointed out that banks need room to grow to support economic innovation, but long-term experience shows that without proper safeguards, the pursuit of high-profit innovation can lead to excessive risk. When banks run into trouble, their failures threaten businesses and households, and even jeopardize the overall economy.

Federal Reserve Chairman Barr warned that relaxing regulatory rules for Wall Street banks could pose risks.

ASML (ASML.O): Views TERAFAB as a “major initiative”.

ASML (ASML.O): Elon Musk will speak at the company’s virtual technology conference, where he will discuss Project TERAFAB, his vision for artificial intelligence, and chip manufacturing.

June 6th - On June 6th local time, more than ten members of the Iranian delegation participating in the 2026 USA-CMC World Cup, including administrative staff and Iranian Football Federation officials, failed to obtain US visas. The previous day, a White House official stated that all Iranian national team players had received visas.

On June 6, 2026, local time, Vice President Han Zheng met with Belarusian Prime Minister Turchin in Minsk. Han Zheng stated that Belarus is China's all-weather comprehensive strategic partner. China's determination to develop relations and deepen cooperation with Belarus is unwavering, and it will, as always, support Belarus in safeguarding its sovereignty, security, and development interests. Both sides should take high-quality Belt and Road cooperation as a guide, better leverage mechanisms such as the China-Belarus Intergovernmental Cooperation Committee, solidly advance key cooperation projects such as the China-Belarus Industrial Park, and continuously create new highlights in cooperation. China supports Belarus in playing a greater role in international affairs and is willing to closely coordinate and cooperate with Belarus in multilateral mechanisms and international organizations to jointly practice genuine multilateralism, safeguard the common interests of the global South, and inject valuable certainty into a turbulent world.

Air New Zealand CEO: Plans to purchase Singapore Airlines fuel at around US$150 per barrel in fiscal year 2027.

According to RIA Novosti, a fire at an oil refinery in Russia's Tumen region has been extinguished.