IRNA said the current memorandum contains no agreement on the nuclear issue; nuclear negotiations will be held within 60 days of the agreement's signing.

UNCTAD's June Global Trade Update projects global lithium demand will increase 353% between 2024 and 2040 and graphite demand 131%. Clean-technology demand share is expected to rise; lithium's share of demand is forecast to climb from 62% in 2024 to 87% by 2040. UNCTAD says rising demand for energy-transition minerals — lithium, cobalt, nickel, copper and rare earths — is reshaping global trade. Supply is concentrated across reserves, mining, processing and refining, with processing and refining particularly concentrated and higher value-added. For 2025 UNCTAD projects the Democratic Republic of Congo will account for 74% of global cobalt output, Indonesia 67% of nickel output and China 69% of rare-earth output.

U.S. Energy Secretary Wright said he hopes the Strategic Petroleum Reserve will be fully refilled.