Bank of England Governor Bailey said energy prices are not much higher now than before the Iran war, and that is important.

ECB chief economist Lane said oil prices in 2027 and 2028 are still seen as above pre-war levels.

Domestic News: 1. The China-EU Trade and Investment Consultation Mechanism was formally established, comprising four major sections. 2. Li Qiang chaired an executive meeting of the State Council, hearing a report on the development of artificial intelligence. 3. CATL's Jianxiawo mine has received a safety production license. 4. Chinese air conditioners are selling like hotcakes in Europe; Midea's sales have doubled, and Gree's are completely sold out. 5. China's domestically developed "Heterogeneous Computing Ark" full-stack computing platform was officially released, solving the code migration problem. 6. National Energy Administration: Electricity trading volume in the national electricity market increased by 24.8% year-on-year from January to May. 7. Price adjustments will be implemented starting July 1st, with nearly 20 semiconductor companies initiating a new round of price increases. 8. National Healthcare Security Administration: 557 drugs have passed the initial review for the 2026 Basic Medical Insurance Drug Catalog. 9. The Ministry of Commerce decided to add 20 Japanese entities, including the National Institute for Defense Studies, involved in enhancing Japan's military strength, to the export control list. International News: 1. Keiko Fujimori won the Peruvian presidential election. 2. A data transmission failure occurred at the Mexican Stock Exchange. 3. British media: Starmer intends to run for the next NATO Secretary General. 4. South Korea plans to build an 18.4 gigawatt artificial intelligence data center by 2035. 5. The two major US stock exchanges will ring the opening bell in the Oval Office for the first time next week. 6. Overnight market updates—USD/JPY approached the 162 mark, Nasdaq rose 2%, Western Digital rose 11%, and gold plummeted, nearing the $4,000 mark. 7. Crude oil inventories in the US Strategic Petroleum Reserve fell to 325.7 million barrels, the lowest level since 1983. 8. The US Supreme Court blocked Trump from firing Federal Reserve Governor Cook. The Supreme Court allowed Trump to dismiss members of the Federal Trade Commission, a ruling Trump said greatly increased his power to dismiss federal agency officials. 9. Middle East Situation— ① Iranian Foreign Ministry: There are no plans for any negotiations with the US in the coming days; the current focus is on implementing the memorandum of understanding; an expert delegation will travel to Doha to follow up on the implementation of the memorandum, but this visit is unrelated to the US visit to Qatar. ② The Iranian military only allows ships to pass through the Strait of Hormuz via the route south of Larak Island. ③ Trump: Iran has requested a meeting. The meeting will be held in Doha on Tuesday; it may be important or not. ④ Omani Foreign Minister: Does not support charging a toll for passage through the Strait of Hormuz.