Bank of Israel governor said geopolitical uncertainty and potential fiscal easing warrant caution and could raise inflationary pressures.

Switzerland June unadjusted unemployment rate 2.9% vs 3.0% expected and 3.0% prior.

President Trump said talks with Iran were close to an agreement but warned that if negotiations fail the U.S. would "finish the job." He asserted U.S. forces could destroy Iran's electricity grid, power plants and bridges "in less than an afternoon," but said he prefers a deal to avoid harming Iran's 91 million population. Trump reiterated Iran must not acquire nuclear weapons and said the U.S. would secure enriched nuclear material, while denying an objective of regime change. He also claimed U.S. forces have destroyed all 159 Iranian vessels and all Iranian military aircraft and radar systems. On oil, Trump said global crude is trading below pre-conflict levels and that U.S. forces covertly escorted tankers through the Strait of Hormuz during a blockade to maintain supply and prevent prices reaching $300–350 per barrel.