Bank of Japan Deputy Governor Ryozo Himino: The recent easing of tensions in the Middle East is not much different from our outlook in April.

CSIS senior fellow Mark Cancian said a preliminary CSIS analysis estimates the Iran war has cost the US Department of Defense about $40 billion, covering munitions use, equipment losses and base damage; the figure excludes routine combat spending already budgeted in the DoD's FY26 budget of more than $1 trillion. The analysis says other agencies, chiefly the Department of Homeland Security and Veterans Affairs, incurred roughly $1 billion in costs. US pump prices rise from a national average below $3/gal to above $4/gal for much of the conflict; Brown University energy-cost tracking estimates the average household would have spent at least $253 less without the war. Inflation outpaced average wage growth in April and May, effectively eroding pay for the first time since 2023.

Domestic News: 1. Austrian Foreign Minister Reisinger will visit China. 2. Xiaomi Auto is offering internal purchase discounts, with some in-stock vehicles seeing price reductions of tens of thousands of yuan. 3. Pan Gongsheng, Governor of the People's Bank of China, meets with the Indonesian Finance Minister. 4. The total cross-regional travel volume during the three-day Dragon Boat Festival holiday is expected to exceed 650 million trips. International News: 1. Colombia holds the second round of its presidential election. 2. Trump: The United States is thriving and has achieved "great victories" in every aspect. 3. Libya's National Oil Corporation: Crude oil production reached 1.44 million barrels per day, the highest level since 2013. 4. Iraqi Deputy Oil Minister: Iraq plans to gradually restore crude oil production to the pre-US-Iran conflict level of 4.2-4.3 million barrels per day. 5. British media reports that the British Foreign Secretary has asked Prime Minister Starmer to resign; the British Business Secretary says there is no reason to believe the British Prime Minister will resign on Monday. 6. Middle East Situation— ① The first round of US-Iran talks has concluded, but the Iranian nuclear program was not discussed. ② The Iranian president reiterated twice that he would never relinquish his right to enrich uranium. ③ Trump threatened to launch another attack if Iran failed to control Hezbollah. ④ Qatar stated that a specialized technical expert group and follow-up working group have been established for the US-Iran talks. ⑤ Vance: The US and Iran will "work together to promote peace and prosperity," and significant progress has been made in the past few hours of talks. ⑥ US media: Trump is disappointed that Israel "cannot handle Hezbollah" and is considering authorizing Syria to enter southern Lebanon. ⑦ The Israeli Army Chief of Staff stated that the ceasefire in Lebanon is very fragile, and troops must remain on high alert and be ready to respond to a resumption of fighting. ⑧ Iranian media: Sources say the Strait of Hormuz will not reopen as long as the Lebanese ceasefire agreement is not observed and Iranian oil sales waivers are not approved.