Israel to consider allowing defense giants Israel Aerospace Industries (IAI) and Rafael to pursue IPOs in the US.

Private fund tracker data show Banxia Steady Mixed Macro Hedge Fund fell 15.03% over June 15-18 (four trading days); unit NAV dropped from 6.594 on June 12 to 5.603 on June 18, the largest weekly fall since the fund’s launch. The product also lost 10.18% during May 15-18 and is down more than 27% month-to-date as of June 18. Manager Li Bei said the fund’s risk framework remains strict, that the team reduced positions daily last week according to a risk budget and now has limited remaining exposure to further losses, and rejected direct comparisons with other higher-volatility products.

U.S. Vice President Vance described talks in Switzerland as "very productive" and said mechanisms were established to help keep the Strait of Hormuz open now and in the future. He said Iran has for the first time in a long time allowed weapons and nuclear inspectors into the country, but cautioned that only actions matter — inspectors' actual access and permitted activities will determine progress and remain part of ongoing negotiations.