China's National Bureau of Statistics said Jan–May online retail sales of goods and services totaled 8.318 trillion yuan, up 5.9% YoY. Online goods retail was 5.272 trillion yuan, up 5.0% YoY; within goods, food, clothing and household items rose 15.5%, 7.2% and 1.6% respectively. Online services retail totaled 3.046 trillion yuan, up 7.6% YoY.

Iranian Foreign Minister Araghchi said declaring an end to the war is the most important event in the agreement’s first phase; the declaration was issued Monday morning.

If a temporary US‑Iran agreement ends months of fighting and restores full passage through the Strait of Hormuz, Gulf states may pursue a rapid rebound in grain imports after months of relying on longer, less efficient routes. The Gulf is highly import‑dependent, with roughly 90% of food consumption sourced overseas. Iran is among the world’s largest soybean‑meal buyers and a significant importer of Brazilian corn. Key import hubs — Jebel Ali (UAE), Dammam (Saudi Arabia) and Imam Khomeini (Iran) — lie within the strait. Kpler chief dry‑bulk analyst Alexis Ellender said grain shipments need specialised handling and traffic will ultimately return to Gulf ports; current transits are about three dry‑bulk vessels per day versus a normal level above 20. Kpler data show regional grain imports fell to 942,000 tonnes in May, down more than 50% year‑on‑year.