Russian Foreign Ministry spokesman said Moscow will respond to the EU's proposed new round of sanctions.

BLS data show US headline CPI rose 4.2% YoY in May, the largest increase since early 2023, driven by higher energy prices linked to the Iran-related conflict. Core CPI (ex food and energy) rose 0.2% MoM (market est. 0.3%) and 2.9% YoY. The report shows offsets in items including transportation services, health insurance and new-vehicle prices. Economists warn headline pressures could persist and further upside in consumer prices would keep rate-hike options on the Fed’s table. Even if the conflict eases quickly, oil supply normalization may lag, sustaining cost pressures; fertilizer market disruptions risk lifting grocery prices over time and higher transport costs would push up consumer goods inflation.

Hong Kong-listed oil and gas equipment and services sector showed pockets of strength; 02178.HK jumped over 14%, 00568.HK rose more than 4%.