HEZBOLLAH fired rockets and artillery at Israeli forces in southern Lebanon; clashes are ongoing.

Goldman Sachs says the dollar has firmed as oil trade via the Strait of Hormuz edges toward normalisation, but markets will watch for any potential pitfalls before a US-Iran agreement is signed. The pace of tanker-flow recovery will be closely monitored. Goldman notes terms-of-trade pressure persisted long after commodity-price peaks in 2022, and says near-term central bank decisions in the coming days are unlikely to be altered by a still-uncertain US-Iran deal.

CHINA met Myanmar President Min Aung Hlaing, who is on a state visit, at the Great Hall of the People in Beijing on the morning of June 16.