WTI and Brent crude fell more than 1% intraday, trading at $73.94/bbl and $76.91/bbl respectively.

June 23 — Shenzhen municipal party committee held a special meeting to fast-track high-quality, efficient advancement of the city's "six networks" planning and construction consistent with central and provincial directives. The meeting called for targeted measures to raise the capability and standards of the six-net plan. For the computing-power network, it requires systematic planning and flexible supply: increase compute capacity, deepen compute interconnection, and strengthen coordination between power and compute. For the next-generation communications network, it emphasizes ubiquitous high-speed coverage and integrated enabling: accelerate construction of national internet backbone direct-connect nodes, push 6G R&D and commercial deployment, expand dual 10G network rollout, and advance satellite network applications.

On June 22 the UN Food and Agriculture Organization (FAO) released a global high‑risk agricultural map, warning a new El Nifio could form within weeks and pose a severe threat to crop and pasture production. Using 41 years of satellite imagery, FAO identified the Sahel, southern Africa, South Asia, Southeast Asia, Central America’s dry corridor and the Caribbean as highest‑risk areas, with some cropland and rangeland facing >50% odds of drought in the coming months. FAO said higher baseline global temperatures and widespread conflict and food insecurity will amplify impacts on vulnerable regions.