Kuwait's Foreign Ministry said it will reduce the size of Iran's diplomatic mission in Kuwait following related attacks.

May 2026 RatingDog China services PMI rose to 54.4 from 52.6 in April, up 1.8 pts and marking the 41st consecutive month in expansion; the pace of expansion was the fastest in three months. New business accelerated to a three-month high, led by domestic demand; new export orders returned to expansion after two months of contraction. Firms’ 12-month activity expectations were the strongest since February. Input-cost inflation climbed to a near 19-month high but remained below the long-run trend; providers largely absorbed higher costs and selling prices stayed broadly stable. Employment returned to expansion after three months of modest decline. Overall, May saw stronger services-sector expansion with gains in new orders, exports, employment and business confidence, while controllable cost pressure and stable pricing support continued domestic demand recovery.

WTI crude futures rose above $97/bbl, gaining 3.46% on the day.