The Trump administration announced it will transfer core functions of the U.S. Department of Education to other federal agencies, moving the Office of Special Education and Rehabilitative Services to the Department of Health and Human Services and shifting the Office for Civil Rights' investigative and enforcement work to the Department of Justice. The administration has already moved some K-12, higher education and career-technical programs to the Department of Labor under interagency agreement

On June 16 the UK announced sanctions on entities and individuals it said supplied critical military equipment to Russia, including four Chinese entities. The Chinese embassy in London said it strongly opposes the UK's unilateral sanctions, has lodged formal representations and urged the UK to revoke the measures. The embassy reiterated China's efforts to promote peace talks on Ukraine and its strict controls on exports of military and dual-use items, said normal China-Russia exchanges and cooperation should not be disrupted, and warned Beijing will take necessary measures to safeguard the lawful rights and interests of Chinese firms.

WTI crude oil dipped to $76/bbl, down 0.92% intraday.