EIA: U.S. crude and petroleum product supply rose to 20.81 mln b/d in April, the highest since February 2026.

BlackRock’s research arm, in its mid-2026 Global Investment Outlook, cut its 6–12 month rating on emerging-market equities from overweight to neutral, citing concentration risk around AI-exposed stocks. It flagged markets such as South Korea as particularly vulnerable due to heavy reliance on AI-related firms. The report said short- and medium-term euro-area government bonds are attractive, adding that market worries about the rate outlook appear overdone.

Iranian parliament speaker Ghalibaf said his visit to Switzerland also focused on discussions over implementation of five terms, and that the talks' sole purpose was to press for implementation of existing negotiation outcomes.