The Islamic Revolutionary Guard Corps public affairs office said on June 1 that after US forces launched an "aggression" against an Iranian communications tower, the IRGC struck the US Air Force base it called the source of the "aggression" and "destroyed the designated targets".

Guotai Haitong maintains an overweight rating on the overseas AI compute and applications supply chain. The report says OpenAI and Anthropic’s rapid growth both validates expanding AI model capability and is lifting demand across the AI industry chain. Recommended focuses: (1) hardware suppliers supporting compute expansion — GPU/ASIC, CPU, storage, advanced process nodes and packaging, and semiconductor equipment; (2) cloud providers and infrastructure platforms hosting AI workloads and distributing models; (3) application companies able to deliver full-ecosystem, full-scenario deployments.

Indian bond yields have scope to rise further as investors weigh tighter policy and growing fiscal worries; foreign outflows and a weaker rupee have added pressure. The benchmark 10-year yield is up roughly 34bp to 7% since the outbreak of conflict in Iran three months ago. IndusInd Bank forecasts the 10-year at 7.45% by end-2026; Kotak Mahindra sees a trading range of 6.8–7.4% through March. The Reserve Bank of India faces pressure to tighten at Friday’s meeting after higher oil costs and currency weakness lifted inflation risks, although most economists expect a hold. Derivatives show more aggressive pricing: five-year interest-rate swaps have risen over 60bp since the conflict began. Shorter-dated government bonds led the sell-off, with the five-year yield up 54bp. Market participants will watch for any hawkish shift; Tata AMC and Bandhan AMC expect about 75–100bp of hikes in this cycle.