Bank of Canada Governor MACKLEM said renewal of the United States–Mexico–Canada Agreement is unlikely to be completed before July 1 and that negotiations appear to still be ongoing.

President Trump said he is preparing to sue broadcaster ABC, accusing it of false reporting on damage to a Washington reflecting pool. He alleged ABC paid him $16m in past settlements for reporting errors and failed to disclose that his "close friends", Democrats Barack Obama and Joe Biden, spent more than $100m on the pool, which he said never operated properly and was rarely open because of leaks and foul odors.

Traffic through the Strait of Hormuz has picked up as tensions ease, with more ships openly signalling intent to transit. AIS data on Tuesday morning confirmed seven vessels entering the strait: two fully laden non‑Iranian VLCCs outbound from the Persian Gulf, three bulk carriers underway, and two Iran‑flagged Suezmax tankers approaching from the opposite side. Kpler senior crude analyst Muyu Xu said the move reflects increased owner confidence "as the market expects Iran will not resume attacks on ships," but she cautioned it remains unclear whether safe, unrestricted passage has been fully restored.