IMF welcomes Federal Reserve Chair Kevin Warsh's firm commitment to achieving price stability.

On June 24 Peking University and Moore Threads signed an agreement to establish the Peking University–Moore Threads Intelligent Graphics and Simulation Joint Laboratory. The lab will focus on core technologies including graphics rendering, physical simulation, spatial intelligence, 3D Gaussian reconstruction (3DGS) and embodied intelligence; it will support basic science research and pursue hardware‑software integrated collaboration to drive full‑stack performance optimization from chips to applications, building a domestic technology base for spatial and embodied intelligence industries.

According to officials, Iran is proposing security, protection and environmental service fees for passage through the Strait of Hormuz that could generate about $40 bln a year for participating states if implemented. Officials say the plan would give Tehran cash flow and control it did not previously possess and is modelled on international precedents including the Dardanelles, where Turkey levies a transit charge known as the "gold franc." Iran is pitching the proposal to Gulf neighbours and other countries and seeks to include them in a revenue-sharing arrangement. Parliament speaker Ghalibaf visited Oman on Tuesday to discuss the proposal, saying management of the strait will not revert to the previous status quo.