ECB Governing Council member Wunsch said the case for another rate hike is less clear than in June. He said the US‑Iran agreement has largely removed the shock's root. Markets are pricing another move but the necessity is weaker than previously expected; if a further hike is needed he would prefer to act swiftly, though not necessarily in July. Wunsch added inflation will show some second‑round effects and stay above target for several quarters, but he is not overly worried; he would not delay l

President Trump told reporters at the White House on June 29 that the US and Iran would hold talks in Doha, Qatar on June 30, saying US representatives may have already departed or are preparing to leave. He described the meeting as potentially important or not, added the US has "already won militarily," said oil prices "have fallen," and asserted Iran had agreed not to possess nuclear weapons. US media reported that after weekend exchanges both sides agreed to pause military action and to meet in Doha to seek resolution of disputes over the Strait of Hormuz. The White House said the US delegation includes a presidential envoy, Witkof, and Trump’s son-in-law Jared Kushner. Iranian foreign ministry spokesman BAGHAEI said on June 29 Iran will not hold negotiations with the US at any level in the coming days, and that Tehran will send an expert delegation to Doha this week to follow up, while US representatives’ trip to Doha is unrelated to Iran’s expert visit.

EU says new rules to protect its steel industry take effect July 1; tariff-free import quotas for steel products will be cut 47% from 2024 levels to 18.3 mln tonnes a year.