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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.

ECB Executive Board member Schnabel: The energy shock has hit the eurozone particularly hard.

ECB Executive Board member Schnabel: Oil prices are expected to remain high. Uncertainty remains high.

The European-Mediterranean Seismological Centre reports a magnitude 6 earthquake in the Hindu Kush region of Afghanistan.

The Saudi Foreign Ministry condemned Iran's attack on Bahrain, deeming it a violation of international law.

On June 27th, it was announced that the State Intellectual Property Office recently approved the construction of a national-level intellectual property protection center in Xiong'an New Area. The center will focus on rapid and collaborative intellectual property protection in the fields of next-generation information technology and new materials. Currently, the Xiong'an New Area National Intellectual Property Protection Center is progressing smoothly with its preparatory work. Once completed and operational, it will form a comprehensive "one-stop" intellectual property service platform integrating rapid pre-examination, rapid rights confirmation, and rapid rights protection. The average patent authorization time for related industries will be shortened by 70%, thereby efficiently protecting enterprises' innovative achievements and accelerating the formation of industrial technological innovation advantages.

June 27th - According to Axios, citing sources, the Trump administration is close to allowing Anthropic to restore access to its robust Fable 5 model, which had been offline for 15 days due to government security concerns. Insiders expect the government to lift restrictions on Fable 5 as early as next week. Another source indicated that communications are expected to continue over the weekend, and Anthropic is expected to restore Fable access soon. The U.S. Commerce Department on Friday allowed Anthropic to restore access to Mythos 5 to a limited number of trusted users. According to Semafor, Commerce Secretary Lutnick stated in a letter to Anthropic on Friday that the company "has worked with the U.S. government to address the risks associated with Mythos 5 and Fable 5." "These efforts have made significant progress." Furthermore, Anthropic pledged to cooperate with the U.S. government on agreements, standards, and releases.

June 27th - According to The Times of London, Andy Burnham is expected to unveil a series of plans focused on decentralizing power and funding from the central government to the regions of England in his first major policy speech since announcing his candidacy for Labour leadership. Burnham plans to outline his economic strategy in a speech next week, detailing proposals to give mayors more control and to fund social housing, welfare, and education for children over 16. The report states that Whitehall departments will be asked to assess which areas within their mandates should be transferred to local governments, and Burnham may also push forward with plans to decentralize some tax revenue to local governments. If Burnham remains the sole candidate in the Labour leadership race, he is expected to be formally declared leader later next month (nominations close on July 16th).

June 27 - Swiss energy company Axpo announced on the 26th that the Beznau nuclear power plant in northern Switzerland had suspended operations that day due to excessively high temperatures in the river water used to cool the nuclear reactor. This power plant is the oldest operating nuclear power plant in Europe.

Kuwait condemned Iran's attack on Bahrain territory, arguing that it severely undermined efforts to achieve peace and stability and posed a threat to regional security.

According to Saudi media alhadath: The Iranian Foreign Minister will travel to Baghdad tomorrow.

He Zhiliang, vice minister of the Central Social Work Department, is suspected of serious violations of discipline and law and is currently under disciplinary review and supervisory investigation by the Central Commission for Discipline Inspection and the National Supervisory Commission.

Bahrain's Foreign Ministry: The Iranian attack early this morning was a serious violation of our sovereignty, and we reserve the right to retaliate.