The White House confirmed on June 5 that President Trump on June 4 pardoned former Republican congressman Stephen Bai'er. He was convicted for trading on non-public information in 2018 while advising Deutsche Telekom’s U.S. unit during its roughly $23 billion proposed merger with Sprint and was sentenced to 22 months in prison.

US total rig count for the week to June 5: 563 rigs, compared with 562 the prior week.

AXIOS reports Witkoff and Kushner reached agreement with Iran last week on a 60‑day memorandum covering a ceasefire extension, reopening the Strait of Hormuz, allowing Iran to sell oil, and negotiations on Iran’s enriched‑uranium stockpile and future enrichment limits. Trump requested two edits to the text; Iran will submit its own changes. The U.S. is awaiting Iran’s formal response; sources say differences are relatively small. Key outstanding issues: Trump insists any final deal include a 60‑day window to dilute Iran’s enriched uranium, while Iran seeks 90 days; and there is disagreement over the amount and timing of releasing frozen Iranian assets — U.S. says funds would be released after a final agreement and specific implementation steps, Iran seeks partial immediate release. If talks move to a second phase, the nuclear expert team that met with Witkoff and Kushner would need to plan disposition of Iranian nuclear material, further enrichment limits, and verification arrangements.