UK government says it is in regular contact with the US government during negotiations and has clarified the actions it is taking. Under the existing agreement, preferential access rights for UK firms remain in effect.

London Metal Exchange (LME) stocks: tin down 45 tonnes, aluminium unchanged, lead down 275 tonnes, zinc down 775 tonnes, nickel down 1,104 tonnes, copper down 1,700 tonnes.

CENTCOM said on June 2 US forces in the Arabian Gulf took action against a tanker bound for Iran’s Kharg Island, rendering it dead in the water. The Botswana-flagged tanker "Lexie" had ignored US warnings and orders multiple times within 24 hours and failed to comply with blockade measures, CENTCOM said. A US aircraft fired a Hellfire missile into the vessel’s engine room, causing loss of propulsion. CENTCOM said that since April 13, as part of measures to block maritime traffic to and from Iranian ports, US forces have disabled six commercial vessels and diverted 122 ships. A US-Iran ceasefire remains in place.