Tesla (TSLA.O) shares extended losses to 5%.

Private fund tracker data show Banxia Steady Mixed Macro Hedge Fund fell 15.03% over June 15-18 (four trading days); unit NAV dropped from 6.594 on June 12 to 5.603 on June 18, the largest weekly fall since the fund’s launch. The product also lost 10.18% during May 15-18 and is down more than 27% month-to-date as of June 18. Manager Li Bei said the fund’s risk framework remains strict, that the team reduced positions daily last week according to a risk budget and now has limited remaining exposure to further losses, and rejected direct comparisons with other higher-volatility products.

Iran’s deputy foreign minister, who heads the Iranian technical negotiation delegation, said consensus from the Swiss four‑party talks establishes a high‑level supervisory committee for follow‑up Iran‑US negotiations, comprising Iran’s parliament speaker, Iran’s foreign minister, the US vice president, Pakistan’s prime minister and the Qatari prime minister. Four working groups will cover sanctions relief, nuclear issues, reconstruction and economic development, and monitoring and implementation. Parties agreed to set up a liaison point between Iran and the US to safeguard commercial shipping through the Strait of Hormuz and to create a Lebanon de‑escalation cell involving Iran, the US, Pakistan and Qatar; the four technical delegation heads will supervise the working groups and report to the high‑level committee. Negotiators also followed up on issuing a general licence for sales of Iranian oil, petrochemical products, derivatives and related services and on unfreezing Iranian assets; the US has issued related sales licences and posted them on the US Treasury OFAC website. Parties agreed to activate a previously signed frozen‑funds release arrangement totalling $12bn, split into two $6bn tranches, and to move immediately to execution.