Emails show an Indian auto-industry lobby group and automakers including Maruti, Tata and Mahindra discussed pollution concerns linked to E20 fuel before withdrawing a complaint to the government.

RBA's Kent said a stronger currency helps ease inflation by lowering domestic prices of imported goods.

The U.S. and Iran signed a 14-point memorandum of understanding on June 17 establishing a ceasefire and a 60-day window to negotiate a permanent end to hostilities. The MoU, which declared a halt to hostile acts and sought to reopen the Strait of Hormuz to commercial shipping, has shown cracks as fighting resumed and its wording remains ambiguous; both sides accuse the other of breaches. Key disputed provisions: Article 5 (Strait of Hormuz) — the text guarantees commercial freedom of passage but is contested: Tehran says it implies U.S. recognition of Iranian authority over the waterway and that Iran agreed only to two months of fee-free transit; Washington says the provision only requires Iran to ensure safe passage and to refrain from coercive restrictions or taxation. Article 10 (oil and sanctions waivers) — the U.S. agreed to grant waivers enabling Iran to export crude, petroleum products and related services, including access to international banking, insurance and shipping support. Article 11 (unfreezing assets) — the U.S. committed to make frozen funds and restricted assets fully available, with implementation mechanisms to be negotiated. With no direct diplomatic talks and limited near-term prospects for a final settlement, the MoU’s status after the 60-day deadline remains uncertain.