Turkey's annual inflation accelerated to 32.6% in May from 32.4% in April, official data on Friday showed; the median forecast of 17 economists was 32.5%. The increase marks a second consecutive month of acceleration as a global energy shock from US and Israeli actions against Iran continues to feed domestic prices. Rising energy import costs are reversing Turkey's disinflation trend—Turkey is a major oil and gas importer—and policymakers say they have struggled to respond. Turkish central bank

On the 4th (local time) Ukrainian President Zelenskiy sent a public letter to Russian President Putin proposing a direct meeting to seek an end to the conflict and to establish concrete security guarantees. Zelenskiy said Ukraine does not intend the war to continue and put forward a ceasefire negotiation plan: direct Ukraine‑Russia talks first, with the US, Europe and other parties joining later to support a security framework. He said Ukraine is prepared to implement a comprehensive ceasefire during negotiations and to pursue prisoner exchanges on an "all-for-all" basis. Kremlin press secretary Peskov said Putin has not yet read the letter.

Russian President Putin said the Iran crisis has brought only temporary benefits to Russia.