China Federation of Logistics & Purchasing said the China e‑commerce logistics index rose to 111.0 in May, up 0.4 points m/m, signalling further improvement in sector sentiment. The total e‑commerce logistics business-volume index was 128.3, up 0.4 points m/m and more than 20% YoY. Rural e‑commerce logistics demand broadly warmed: the rural business-volume index stopped falling and rebounded, with the western region recording the largest gain.

A senior U.S. official told CNN that Iran has committed to permanently not seek or develop nuclear weapons, a concession Washington described as significant. The official said the deal is designed to establish verification and inspection mechanisms and to withhold benefits until the U.S. can verify Tehran has taken concrete steps to dismantle its nuclear program. Negotiators had discussed 10- or 20-year non‑weapons pledges; the official noted prior U.S. objections, including from Trump, that time‑limited bans were insufficient. The U.S. said it would permit Iran civilian nuclear energy but opposes infrastructure that could enable a weapons breakout.

The US Environmental Protection Agency has submitted four California waiver rules to Congress. The waivers had previously granted California authority to set its own emissions standards for passenger cars and heavy-duty trucks.