Russia's central bank gold and FX reserves were $729.3 bln in the week to June 12, down from $749.7 bln the prior week.

Bank of Japan Deputy Governor Himino said recent price rises are not solely driven by temporary supply shocks, and risks remain that underlying inflation could deviate from the BOJ's price target.

US and Iran have reached a political agreement to reopen the Strait of Hormuz, but sources say operational resumption will be complex and likely phased. Commodity data firm Kepler reports about 118 laden oil tankers remain stranded in the Persian Gulf awaiting transit; analysts estimate 10–15 days to clear that backlog. If hundreds more vessels converge, transit sequencing will be the key constraint on recovery speed. Given the impact on global energy supply, oil tankers and LNG carriers are expected to receive priority while container and other cargo ships may face extended delays.