ECB accounts show policymakers at the June meeting avoided signaling either a sequence of rate hikes or that policy would be confined to a one-off move.

Goldman Sachs expects that if 60-day negotiations continue and Iran oil waivers are restored, Persian Gulf crude supply will be back by end-July; this would require roughly a 6.6 mln bpd increase in crude flows through the Strait of Hormuz.

On the afternoon of the 9th (local time), South Korea's Supreme Court sentenced former President Yoon Suk-yeol to 7 years for obstructing an arrest. The court found that after declaring emergency measures at the end of 2024, Yoon in early 2025 used the presidential security service to prevent the Corruption Investigation Office for High-ranking Officials (CIO) and other agencies from executing an arrest. This is the Supreme Court's first final ruling among several cases tied to the emergency-martial-law episode. Seoul Central District Court handed a 5-year sentence at first instance in January 2026; the Seoul High Court upheld a 7-year term on appeal in April 2026.