UK Prime Minister Starmer said today's defence investment plan will raise defence-related spending to 4.2% of GDP.

Iran's deputy foreign minister said Tehran will move ahead unilaterally on a management mechanism for the Strait of Hormuz if Oman refuses to cooperate, but he has seen Oman express willingness to cooperate.

BofA Securities said a stronger-than-expected June US nonfarm payrolls print could tilt markets toward pricing three Fed rate hikes in 2026. After three months of solid gains, BofA projects June payrolls +110k, citing modest initial jobless claims and a strong ADP private-payrolls print, but flagged downside risk: May’s surge in leisure and hospitality may reflect the World Cup or Memorial Day, and if the latter the June print could ease.