Real-time News

Tesla (TSLA.O) shares fell as much as 2.2% after SpaceX (SPCX.O) began trading.

Meta Platforms (META.O): (Facebook) may take some time to fully recover.

On June 12, European Central Bank (ECB) Governing Council member Catherine Kazmir stated that the spread of inflation throughout the economy will force the ECB to further raise interest rates. He believes that without intervention, price pressures will not ease. He indicated that even if the US and Iran reach a peace agreement, inflation is unlikely to fall back to 2% overnight. Despite the economic slowdown, its resilience remains, providing officials with room for maneuver. Kazmir stated, "Our task is not yet complete, and it is too early to discuss whether policy needs to become more restrictive. However, given that price pressures are spreading throughout the economy, I certainly would not rule out that possibility." He added, "The June inflation data—especially the core inflation rate—could be decisive, but the situation in July is still uncertain, and of course, we will have new forecasts in September. The important thing is to make decisions at each meeting."

Chevron (CVX.N) CEO: Chevron may increase its exposure to the Middle East over time.

According to Politico: Britain and Canada are still negotiating to join the fighter jet program.

According to Politico: The UK is in talks with Canada about joining a defense bank.

US Vice President Vance: If Iran complies with the rules, it will gain economic benefits.

ExxonMobil (XOM.N) is exploring acquisition targets, including Woodside Energy. The assessment is still in its early stages and a deal is not guaranteed.

Iranian Foreign Minister: In accordance with our responsible and transparent practices, all details will be shared with the public at the appropriate time.

On June 12, U.S. Energy Secretary Frank Wright stated that approximately 7 million barrels of oil and fuel are currently transported daily through the Strait of Hormuz, roughly half of the cargo stranded at the beginning of the Iran-Iraq War. Wright said that no Iranian crude oil is currently being shipped out of the Strait of Hormuz. He added that if an agreement is reached, he expects all products to be able to freely pass through the Persian Gulf. Wright also noted that if no agreement is reached, the U.S. military will resume transport along this route. Wright stated that the U.S. will not impose an oil export ban to suppress oil prices.

SpaceX (SPCX.O) President: Musk participated in an investor conference this week.

SpaceX (SPCX.O) COO: We want to ensure that governments have access to leading technologies.

Israeli Defense Minister: We expect US President Trump to stick to the principle that Iran will not possess nuclear weapons.

According to user reports from the network monitoring website DownDetector, 62,740 Facebook users in the United States have experienced service disruptions.