Iran's foreign ministry said the June 25 joint statement by U.S. Secretary of State Rubio and Gulf Cooperation Council foreign ministers was interventionist, irresponsible and provocative, and warned against continued regional belligerence and interventionism.

Guojin Securities says Micron Technology has signed 16 Strategic Customer Agreements (SCAs) covering data center, consumer electronics and automotive end markets; auto SCAs run three years, other SCAs are mostly five years. Those 16 SCAs represent roughly 20% of Micron's DRAM shipments and about one-third of its NAND shipments. The SCAs’ price floors would deliver profitability above prior cycle peaks. Micron expects DRAM and NAND tightness to persist into 2027. Guojin projects sustained supply tightness in the memory sector and continued high profitability at Micron; wider SCA adoption is likely to reduce Micron’s realized-price volatility and earnings cyclicality.

White House says Trump signed an executive order related to agriculture.