Domestic News
1. Wang Yi speaks with Iranian Foreign Minister Araghchi by phone.
2. The State Council issues the "15th Five-Year Plan for Implementing the Employment-First Strategy".
3. Qiu Yong of the Shanghai Stock Exchange: Strengthen risk monitoring and early warning, and make every effort to stabilize the market.
4. New regulations for food delivery platforms are open for public comment, prohibiting long-term, large-scale subsidies from disrupting market order.
5. The State Financial Regulatory Commission releases measures to promote the implementation of the "Action Plan for Supporting the Construction of Shanghai International Financial Center".
International News
1. Trump says he will consider using US missiles to help Ukraine.
2. US retail sales rose 0.9% month-on-month in May, higher than the market expectation of 0.5%.
3. IEA Monthly Report: Gradual recovery of the Strait of Hormuz will lead to a significant surplus in oil reserves next year.
4. US strategic petroleum reserves for the week ending June 12 were at their lowest level since the week ending July 29, 1983. Inventories at the largest US oil storage hub plummeted to a critically low level.
5. Middle East Situation:
① Southern Lebanon has been attacked multiple times by Israel.
② Iranian media reported that three Iranian oil tankers passed through the Strait of Hormuz.
③ Reports indicate that over half of the $300 billion fund under the US-Iran agreement has been committed.
④ Araghchi: The memorandum of understanding should be fully implemented, including Israel halting its military operations in Lebanon.
⑤ Trump: If dissatisfied with the US-Iran memorandum, he will resume bombing operations. The Strait of Hormuz will reopen within a day or two. The US will not invest in Iran. The memorandum of understanding does not include immediate sanctions relief, but this issue will be discussed later. Discussions have been held with Syrian leaders regarding how to combat Hezbollah in Lebanon. Oil prices may fall below pre-war levels.
