Russia's Deputy Prime Minister Novak said the oil market has not yet fully reflected the impact of the Middle East conflict, and oil inventories are being drawn down.

U.S. Secretary of State Rubio said "there will be news soon" on $400 million in Ukraine security assistance that Congress approved but the Pentagon has not yet allocated.

June 3 — A WTO mini-ministerial met in Paris with ministers or representatives from more than 20 members, including China, the US, the EU, Australia, Brazil and the UK; WTO director-general Okonjo-Iweala attended. China's international trade negotiator and MOFCOM vice minister Li Chenggang said reform should be centred on development and that multilateral rules should be used to better achieve trade-led development, advocating trade‑investment integration to support industrialization and tighter policy coordination in digital and green economy sectors. China backed discussions on fair competition — including constraints on market‑distorting industrial subsidies and improved policy transparency to strengthen multilateral disciplines and coordination — and urged a swift multilateral consensus to extend the WTO moratorium on customs duties on electronic transmissions.