French President Emmanuel Macron said France will not repeal its digital services tax, noting it has been adopted by several European countries and is part of French law: "This digital tax is a policy that several European countries have already decided and implemented, and it is part of our law. It is not for the United States to decide European or French law — that's normal. At least as long as I remain in office, that will not change." The comments came at the G7 in Evian after former U.S. Pr

Former Israeli ambassador to the US Alon Pinkas said Iran is geopolitically exponentially stronger by mid-June 2026 than on Feb. 28, the day the war began, and that the conflict has altered the regional balance. He warned Iran has "upended the strategic balance," citing attacks on Gulf states and what he described as a wedge inserted between Israel and the US. Pinkas said how the postwar power balance between Iran and Israel evolves is uncertain, but it will "certainly be different from February and less favorable to Israel."

MORGAN STANLEY strategists say easing U.S.-Iran tensions could trigger a rotation into cyclical, economically sensitive sectors that underperformed during the Iran conflict. The team led by Michael Wilson points to increased Strait of Hormuz traffic and signs that the drag from rates, oil and the dollar on equities is easing, which could push undervalued stocks into market leadership after a rally concentrated in high-growth tech. The S&P 500 sits about 2% below its record high. Wilson says the recent pullback was driven by memory-chip stocks on slowing earnings momentum rather than weakening fundamentals; such retracements are common in profit-driven bull markets after strong advances. Volatility may persist in the coming weeks, but confidence in the current bull market remains intact.