Indonesia's benchmark stock index extended losses to 2%.

Russian crude exports reached a year-to-date high, averaging 3.89 mln b/d over the four weeks to June 21, Bloomberg tanker data show. Continued Ukrainian strikes on Russian refineries have cut domestic processing, potentially diverting barrels into exports. At the same time, a recent release of detained Iranian tankers has pushed significant Iranian crude—some viewed as a close substitute for Urals—into the market, intensifying competition for buyers, particularly Indian refiners. A US exemption for Russian buyers expired on June 17; failure to renew it could prompt processors to shift to other suppliers.

Financial Times, citing people familiar with the matter, reports that at last week's G7 summit Trump said he was "impressed and very appreciative" of Ukraine's long-range strikes inside Russia and agreed to step up sanctions on Russian energy.