Kuwait government data show CPI rose 0.07% MoM and 2.49% YoY in May.

CNN reported that after Iran announced on Saturday it would close the Strait of Hormuz, the Islamic Revolutionary Guard Corps' naval unit warned vessels not to approach the waterway. A state broadcaster reporter said the IRGC issued radio warnings and directly contacted ships, saying vessels attempting to transit could encounter sea mines or be targeted by Iranian naval forces. The reporter added vessel traffic in the Persian Gulf had fallen further compared with several hours earlier.

Local authorities said an oil terminal in Russia's Krasnodar region caught fire after a Ukrainian drone strike.