Ukrainian President Volodymyr Zelenskyy said after consultations with the head of the Security Service of Ukraine that he had approved a 40-day operation aimed at “influencing” Russia to end the war.

Brent crude broke through $76/bbl, advancing 3.52% intraday.

Domestic News: 1. The Ministry of Commerce responded to the latest developments in China-US trade consultations: both sides agreed to establish a trade council and will discuss cooperation such as reciprocal tariff reductions under the council. 2. my country's installed power generation capacity exceeded 4 billion kilowatts. 3. The State Administration for Market Regulation held its second symposium on fair competition for enterprises in 2026. 4. The People's Bank of China: will increase overnight reverse repurchase operations in open market operations on June 29 and June 30. 5. Two departments: strengthen theoretical research and technological innovation in controlled nuclear fusion, space power stations, and high-temperature superconducting power transmission. 6. Ding Xuexiang attended the opening ceremony of the 9th China-Eurasia Expo and met with participating foreign dignitaries. International News: 1. Apple raised prices on several products including Macs and iPads, but not iPhones. 2. The Iraqi Ministry of Oil denied considering withdrawing from OPEC. 3. IBM released 0.7-nanometer chip technology, which can improve energy efficiency by 70%. 4. Vietnam will launch a carbon emissions trading pilot program next week, lasting until the end of 2027. 5. The UK will reduce its steel import quota by 51% from the originally planned 60%. 6. US core PCE rose 3.4% year-on-year in May as expected, and Q1 GDP growth was revised upward from 1.6% to 2.1%. 7. Federal Reserve – Williams: Expects inflationary pressures to ease, pushing back the timeline for achieving the 2% inflation target to 2028; Goolsby: Underlying inflation remains too high and the trend is unfavorable. He agrees with Warsh's view that speculation about future interest rates should be avoided; the ruling in the Cook case is expected next week. 8. Middle East Situation – ① Iran's Revolutionary Guard warns: Uncoordinated passage through the Strait of Hormuz is "unacceptable and dangerous." ② US media, citing US officials: Iran attacked a Singapore-flagged cargo ship in the Strait of Hormuz on Thursday. ③ International Maritime Organization suspends the evacuation of ships stranded in the Strait of Hormuz. ④ US Energy Secretary Wright: Iran's daily crude oil exports are expected to reach a maximum of 2 million barrels. ⑤ Israeli officials denied reports of a partial withdrawal of troops from the southern Lebanese "safe zone." Rubio: He is close to facilitating a preliminary agreement between Israel and Lebanon. ⑥ Iran's Persian Gulf Straits Authority warned ships against using unauthorized routes through the strait. ⑦ US media: Iran estimates annual revenue from tolls related to the Strait of Hormuz could reach $40 billion.