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Iran reported that, after transit through the Strait of Hormuz was suspended following what it described as hostile US actions, about 50 vessels are awaiting passage clearance from the Islamic Revolutionary Guard Corps Navy.

2026-06-12

Iran reported that, after transit through the Strait of Hormuz was suspended following what it described as hostile US actions, about 50 vessels are awaiting passage clearance from the Islamic Revolutionary Guard Corps Navy.

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2026-06-12

New York Fed said its Open Market Trading Desk plans to conduct roughly $16.5 billion of reinvestment purchases from June 12 through July 13.

New York Fed said its Open Market Trading Desk plans to conduct roughly $16.5 billion of reinvestment purchases from June 12 through July 13.
2026-06-12

TrendForce says Q1 top-10 global wafer foundry revenue rose 3.7% QoQ to $47.95bn, driven by continued AI/HPC shipments and customers front-loading TV and PC/NB orders and raising peripheral IC inventories; smartphone seasonality largely offset by thi

TrendForce says Q1 top-10 global wafer foundry revenue rose 3.7% QoQ to $47.95bn, driven by continued AI/HPC shipments and customers front-loading TV and PC/NB orders and raising peripheral IC inventories; smartphone seasonality largely offset by this early restocking. Foundries report improving utilization and have signaled willingness to push wafer prices higher in H2, which could prompt some process-node wafer prices to bottom and rebound and further incentivize customer advance buying. Demand for AI-related advanced nodes and power ICs have outpaced expectations, creating order spillover and capacity squeeze. TrendForce expects top-10 foundry revenue to hit a new peak in Q2 with a faster QoQ growth rate than Q1.
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