At a White House event on the 4th, President Trump told reporters he would welcome a meeting between Russian President Putin and Ukrainian President Zelenskiy and said such a meeting would be "very good." He said progress toward talks owed 'to our push,' added Moscow and Kyiv would make compromises 'as I suggested,' and declined to disclose details.

As of 23:00 close, China's most-active futures contracts were mostly lower. Palm oil fell more than 2%; synthetic rubber and LPG dropped about 2%. Fuel oil, soybean No.2, low-sulfur fuel oil (LU), cotton and PVC declined over 1%. Coking coal rose more than 1%; starch and coke gained about 1%.

Shipping data and analysts show Iran's crude and condensate exports in May fell to their lowest level in at least six years amid a US Navy blockade. Vortexa put May flows at about 209,000 b/d, down from 1.34m b/d in April and nearly 1.9m b/d in March, the weakest since late 2019–early 2020. Vortexa analyst Claire Jungman said the main drivers appear to include unrest around the Strait of Hormuz, US Navy restrictions on vessels entering and leaving Iranian ports, and broad reluctance by owners, operators, insurers and trading counterparties to expose ships and crews to the current security environment. Kpler showed a similar drop, estimating May exports at roughly 260,000 b/d, still a six-year low.