South Korea's Finance Ministry said it will crack down on foreign exchange speculation, with regulators planning on-site inspections and investigations of trades suspected of distorting markets. Vice Foreign Minister Moon Ji-sung said authorities will target transactions intended to skew prices and will carry out inspections this week to check whether participants engaged in speculative trading. The government called the situation serious, said it is coordinating with other agencies and is close

Axios reports Trump spent the past 24 hours pressing Israel to avoid a full-scale restart of war after Iranian missile strikes. U.S. officials say Netanyahu is unlikely to ignore the strikes because failing to retaliate would signal Iranian ascendancy and deter U.S. and Israeli military action. The call ended without a clear decision; some U.S. participants said Trump bought time, while Netanyahu said he viewed Trump's opposition as not an explicit 'do-not-retaliate' instruction. U.S. and Israeli sources say strategic and political incentives are diverging: Netanyahu needs the conflict to continue to preserve his political position in Israel, while Trump needs it to end to preserve his political standing in the U.S.

CUSTOMS: China exported 632,000 tonnes of unwrought aluminum and aluminum products in May, up from 598,000 tonnes in April.