After the U.S. Supreme Court ruling on Trump’s global tariffs, the Milei government sought to renegotiate terms of a trade agreement with the U.S.; U.S. policymakers have told Argentina renegotiation is no longer under consideration.

Turkey's central bank governor said data show inflationary pressures will continue to ease, but supply-side conditions will face greater challenges.

Ukrainian drone attacks have left Black Sea shipping routes effectively closed, prompting Russia to begin routing grain from its south through the Arctic port of Murmansk as soon as next month. Murmansk will use equipment normally employed for fertilizer loading and a direct-transfer system that loads railcars straight into ship holds—technology typically used for potash—and is upgrading conveyor belts to handle larger grain volumes. The port is roughly 2,700 km from Russia’s main grain gateway Novorossiysk but can be accessed via neutral waters. Russian firms are converting fertilizer, coal and other bulk terminals in Baltic and Arctic ports, including Murmansk, to process grain exports.