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The German DAX 30 index closed up 359.11 points, or 1.46%, at 24,995.27 on Tuesday, June 30; the UK FTSE 100 index closed up 19.74 points, or 0.19%, at 10,503.96; and the French CAC 40 index closed up 36.66 points, or 0.44%, at 8,403.99. The Stoxx 50 index closed up 93.33 points, or 1.50%, at 6324.96 on Tuesday, June 30; the Spanish IBEX 35 index closed up 83.26 points, or 0.43%, at 19470.66 on Tuesday, June 30; and the Italian FTSE MIB index closed up 537.30 points, or 1.05%, at 51700.50 on Tuesday, June 30.June 30 – According to the Wall Street Journal, informed officials revealed that an internal power struggle in Iran is threatening the US-Iran peace talks: civilian leaders are seeking to unfreeze billions of dollars in assets, while hardline military officials are vying for control of the Strait of Hormuz. The civilian leadership, led by Iranian President Peshichizian, aims to unfreeze billions of dollars to alleviate the plight of millions of Iranians. However, other forces, including the now dominant Revolutionary Guard, have different plans. The Revolutionary Guard intends to maintain complete control of this crucial strait at all costs and plans to establish a lucrative toll system to both bolster the armed forces finances and dominate the security landscape of the entire region. The Revolutionary Guard has informed mediators that if they cannot obtain assurances in the Doha negotiations regarding Irans sole control of the Strait of Hormuz, they will close the waterway again. Furthermore, the organization has demanded that the United States and other countries abandon plans to allow ships to pass through the southern waters of the strait (closer to the Omani side).The U.S. Energy Information Administration (EIA) revised its March U.S. crude oil production estimate upward by 22,000 barrels per day to 13.718 million barrels per day. U.S. April crude oil production increased by 216,000 barrels per day from March, reaching 13.934 million barrels per day.The percentage of US Treasury bonds auctioned for the six weeks ending June 30 was 54.61%, compared to 92.35% previously.The US Treasury auction for the six weeks ending June 30th yielded a winning bid of 3.655%, compared to 3.62% previously.

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