US President Trump: There is no deadline set for ending the conflict in Ukraine.

Domestic News 1. The 18th meeting of the China-Netherlands Joint Commission on Economic and Trade Cooperation was held in Beijing. 2. The Ministry of Foreign Affairs called on the US and Iran to implement the signed Memoranda of Understanding. 3. The Ministry of Industry and Information Technology issued a risk warning regarding the potential security backdoor in the AI programming tool Claude Code. 4. The 2026 National Summer Cultural and Tourism Consumption Season was launched, with over 450 million yuan in consumer vouchers and subsidies to be distributed. 5. The IMF lowered its global economic growth forecast but raised its forecast for China's growth. 6. The Monetary Policy Committee of the People's Bank of China held its second quarterly meeting in 2026. 7. Quantitative private equity funds grew by over one trillion yuan in the first half of the year. International News 1. Apple and Broadcom reached a multi-year cooperation agreement worth over $30 billion. 2. Russian Deputy Prime Minister Novak stated that Russia has banned diesel exports. 3. South Korea's KOSPI index has fallen more than 20% from its June high, entering a technical bear market. 4. OpenAI's most powerful model, GPT-5.6, was unveiled on Thursday, and SpaceX's AI Grok 4.5 will also be released on the same day. 5. Dollar selling related to the SK Hynix ADR issuance appeared in the Korean won/dollar forward market, pushing the won to a more than one-month high. 6. Trump stated he does not want any business dealings with Spain and instructed Bessenter to terminate all trade with Spain. 7. The South Korean government is considering extending its 3 trillion won GPU procurement program, originally scheduled to end this year. 8. The World Gold Council: Global gold ETFs saw net outflows of $8.9 billion in June, compared to net inflows of $8 billion in the first half of the year. 9. US Treasury Secretary Bessenter: US oil may need to be traded at a premium. 10. US EIA strategic petroleum reserves for the week ending July 3rd were at their lowest level since the week ending April 29, 1983. EIA crude oil inventories ended a previous 10-week decline. 11. Middle East Situation— ① US Central Command: The US has completed a new round of strikes against Iran. This unprecedented strike targeted over 80 locations and destroyed more than 60 Iranian small speedboats. ② Iranian Revolutionary Guard: A joint missile and drone operation destroyed 85 key US military installations and shot down an enemy MQ-9 drone attempting to intervene. ③ Iranian Military: All US military bases in the Middle East will become "legitimate targets" for Iranian drones. ④ Israeli media: Israel is preparing for a possible resumption of fighting with Iran. ⑤ Iranian media: It is pointless for Iran to continue fulfilling its obligations under the agreement; it should respond to Trump with concrete actions. ⑥ Sources say that Iran will close the Strait of Hormuz if it suffers any new attacks. ⑦ According to TASS: Sources say that due to threats from the US, Iran has formally suspended negotiations with the US on a final solution. ⑧ Trump: The temporary ceasefire agreement between the US and Iran has ended. / A strike on Iran may be launched again tonight, but the situation will be observed first. We may reinstate the blockade of the Strait of Hormuz, targeting only Iran. Iran's denuclearization may be achieved without a deal. Iran requested that I not launch an attack during the funeral.

Press TV, citing unnamed sources, said Iran would retaliate against adversary targets at least a two-to-one ratio and would close the Strait of Hormuz if it suffers any new attack. The report said Iran will reopen the strait on its own timetable under an Islamabad memorandum of understanding and will not yield on management of the waterway.