ECB President LAGARDE said the Iran conflict is affecting economic activity.

President Trump said on the 10th the US military secretly assisted more than 200 merchant vessels transiting the Strait of Hormuz, enabling over 100 million barrels of oil to enter the open market. He said he ordered the mission last month and asserted control of the strait rests with the US, not Iran. A US effort launched in early May to escort trapped ships, described as a "freedom plan," was later suspended. US media reported the pause followed Gulf allies' objections and Saudi refusal to allow US use of Saudi bases and airspace after the mission was not coordinated. The New York Times cited anonymous US officials saying US forces quietly guided about 70 ships through the strait in the prior three weeks.

Shaanxi's goods trade value rose 83.6% YoY to 371.32 bln yuan in Jan–May, ranking 12th nationally and posting the fastest growth rate. Exports 287.85 bln yuan, +103.3% YoY; imports 83.47 bln yuan, +37.7% YoY. Mech-electrical product exports 267.83 bln yuan, +120% YoY, driven by integrated circuits (154.68 bln yuan, +201.5%) and automatic data-processing equipment and parts (53.13 bln yuan, +339.4%). Auto (including chassis) exports 23.91 bln yuan. Solar cell exports 7.40 bln yuan, +36.1%; lithium battery exports 2.55 bln yuan, +125.2%. Agricultural exports 2.57 bln yuan; basic organic chemicals 1.05 bln yuan.