Iran's Mehr News Agency reports local sources heard explosion-like sounds in Ahvaz.

Chinese equities closed lower on June 10: Shanghai Composite down 0.42% at 3,993.23; Shenzhen Composite down 2.06% at 14,954.10; CSI 300 Index down 1.11% at 4,748.59; ChiNext Index down 2.70% at 3,854.79; STAR 50 Index down 0.65% at 1,652.22.

Refinitiv reported EU diplomatic sources saying the EU plans to propose on Wednesday a 21st sanctions package aimed at Russia’s banking sector to raise the risk of a banking crisis and pressure Moscow toward peace talks. The proposal could add up to 90 banks; if approved, sanctioned banks would exceed 100 and account for more than 50% of Russia’s internationally active credit institutions. Measures would include asset freezes, travel bans and transaction bans. The package would also seek to keep the Russian oil price cap at $44.10 per barrel for six months and tighten restrictions on the shadow fleet.