Iran's foreign minister said Iran has so far honored its commitments and accused the US Treasury secretary of violating Article 9 of a memorandum of understanding, calling the breach a continuation of other US violations and errors.

President Zelensky signed a decree to establish a special command within the Ukrainian Armed Forces to coordinate long-range strike operations against Russia and concentrate all available resources to degrade Russian combat capability. He ordered reforms of assault units to form a modern, technology-driven joint rapid reaction force combining assault, artillery and unmanned combat assets for faster frontline response, and appointed Brig. Gen. Dmytro Voloshyn to lead it. Zelensky said constrained production capacity for US Patriot and European SAMP/T air-defence systems has prompted plans to develop a domestic air-defence and missile-interception capability.

Deutsche Bank says a dense slate of Fed speeches precedes the next quiet period. Key schedule: Waller speaks Monday at the New York Commercial Economic Club; the Chair testifies Tuesday–Wednesday. Several officials will give outlooks after the June CPI print — Cook on Wednesday, Vice Chair Jefferson, Dallas Fed’s Logan and Kansas City Fed’s Schmidt on Friday. Deutsche Bank expects the Chair to reiterate recent remarks and stay tight-lipped on future action; Waller is likelier to outline his reaction function, so his remarks merit close attention for policy signals. Market focus will be how officials interpret June CPI and whether any signal support for a July rate increase. The June minutes noted “several” officials saw a case for a hike last month; since then oil and inflation expectations fell then partially rebounded and the unemployment rate declined further, leaving open the possibility of dissenting votes in July in favor of tightening.