The Bank of Thailand is expected to leave policy rates unchanged on Wednesday to preserve policy space, a Wall Street Journal survey of eight economists showed, with respondents unanimously forecasting a hold. Economists said the BOT is likely to treat recent inflation as supply-driven and therefore tolerate it; a retreat in oil prices has reduced urgency to act. Thailand's extended period of very low inflation before recent shocks also provides a buffer. Moody's Analytics economists expect the

Trump on Iran: Strait of Hormuz fully open; situation in the Strait of Hormuz is progressing well.

June 22 — An Iranian delegation led by parliament speaker Kalibaf left Switzerland and returned to Iran after Kalibaf said he learned of President Trump’s threatening remarks. He told U.S. Vice President Vance at the talks that Iran would not negotiate under threats or coercion; the delegation then suspended talks and did not return. Iran only held follow-up discussions with mediators Pakistan and Qatar and referred to their joint statement later that day. Kalibaf said Iran continues to distrust the United States and considers that distrust reasonable given its position.