U.S. Vice President Vance said Trump may travel to Geneva to attend a signing ceremony.

Former BANK OF JAPAN chief economist Seisaku Kameda said a US‑Iran peace agreement is unlikely to change expectations that the BANK OF JAPAN will deliver two rate hikes this year. With inflation pressure rising, the bank is likely to lift its short‑term policy rate from 0.75% to 1.0% at Tuesday’s meeting. Kameda said the April move would have come absent the Middle East war; reopening the Strait of Hormuz could ease some upward pressure on the pace of tightening but would not alter the bank’s intent to raise still‑low real borrowing costs at roughly two hikes per year. He expects a second hike after June, most likely in October or December. Governor UEDA will miss the June meeting for treatment of an infectious hepatic cyst; Deputy Governor Shin'ichi Uchida will lead the post‑meeting press conference and, Kameda said, is likely to reaffirm commitment to further tightening while avoiding explicit timing guidance amid Middle East uncertainty.

JP Morgan: A sharp fall in oil prices could be a powerful catalyst for equities, potentially reigniting the broad rally that was interrupted by the outbreak of conflict with Iran.