ECB executive board member Schnabel says there are currently no signs of wage pressures.

The International Maritime Organization said on June 26 that preliminary counts show roughly 2,500 seafarers from 115 vessels have been evacuated from the Strait of Hormuz since it launched a crew-evacuation plan on June 23. The plan recommended two corridors — a northern route on Iran’s side and a southern route on Oman’s side — but the IMO suspended the evacuation after a vessel was attacked in the Gulf of Oman on June 25; AIS data show some commercial ships continued transiting the strait after the suspension.

Preliminary observations from the German Weather Service (DWD) on the 26th show Germany hit 41.3°C at 17:00 local time in Saarbrücken‑Burbach, Saarland, a national record, surpassing the previous 41.2°C recorded on 25 July 2019 in Tönisvorst and Duisburg‑Baerl, North Rhine‑Westphalia.