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Indian Trade Officials: India Will Seek Assurances From The United States After Reaching An Agreement To Ensure That It Will Not Face Additional Tariffs In The Future
Official Data Shows That India's Merchandise Exports Increased By 15% Year-on-Year From April To May
Indian Trade Officials: India And The UK Have Made Some Progress In Resolving Outstanding Issues In The Implementation Of The Trade Agreement
Indian Trade Officials Say A Trade Agreement Between India And The US May Be Finalized After The US Trade Representative’s Section 301 Investigation Concludes
Both WTI And Brent Crude Oil Prices Fell By More Than $1 In The Short Term, To $93.36 Per Barrel And $93.79 Per Barrel, Respectively
The New Zealand Dollar (NZD/USD) Extended Its Gains To 0.50% On The Day, Currently Trading At 0.5823
The UK Financial Conduct Authority (FCA): (Regarding The Regulation Of Money Market Funds) We Plan To Introduce A New Rule Requiring All Money Market Funds To Hold Sufficient Liquidity To Ensure Adequate Resilience
The China Earthquake Networks Center Officially Reported That A Magnitude 4.3 Earthquake Occurred At 18:52 On June 8 In Kangding City, Ganzi Prefecture, Sichuan Province (29.92 Degrees North Latitude, 101.95 Degrees East Longitude), With A Focal Depth Of 9 Kilometers
Institution: The European Central Bank Will Implement Policy Adjustments Rather Than Initiate A Tightening Cycle
The China Earthquake Networks Center Automatically Determined That An Earthquake Of Approximately Magnitude 4.0 Occurred Near Kangding City, Ganzi Prefecture, Sichuan Province (29.91 Degrees North Latitude, 101.97 Degrees East Longitude) At 18:52 On June 8. The Final Result Is Subject To The Official Rapid Report
International Atomic Energy Agency Director General Grossi: We Have Been Unable To Visit Iran's Nuclear Facilities Since Last Year
[Trump Calls On Israel And Iran To Immediately Cease Fire As Conflict Continues To Escalate] June 8th, According To CNN, U.S. President Trump Has Called On Israel And Iran To "immediately Stop ‘firing’" To Prevent Further Escalation Of The Conflict. Prior To The Deteriorating Situation, Trump Had Suggested To Israeli Prime Minister Netanyahu To Hold Off On Retaliatory Action Against Iran
US President Trump: Israel And Iran Are Seeking An Immediate Ceasefire. Final Negotiations On Peace Are Underway. The Blockade Will Continue Until An Agreement Is Reached. Things Should Move Forward Quickly
Minutes Of The Bank Of Israel Meeting: The Monetary Policy Committee Voted On May 25 To Lower The Benchmark Interest Rate To 3.75%

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New START's expiration leaves US and Russian nuclear arsenals unchecked, fueling arms race fears amid US focus on China.
The last remaining nuclear treaty between the United States and Russia expired on February 5, ending decades of limitations on the world's two largest nuclear arsenals and raising fears of a new global arms race.
New START, a landmark agreement signed during a period of warmer relations, concluded after President Donald Trump did not follow up on a proposal from Russian President Vladimir Putin to extend the treaty's limits for another year.

The treaty's expiration prompted immediate international concern. UN Secretary-General Antonio Guterres described the development as a "grave moment for international peace and security" and urged both Washington and Moscow to return to negotiations.
"For the first time in more than half a century, we face a world without any binding limits on the strategic nuclear arsenals of the Russian Federation and the United States of America," Guterres stated. He warned that the risk of a nuclear weapon being used is now the highest in decades, particularly after Russian suggestions of using tactical nuclear weapons in the Ukraine war.
Pope Leo XIV also weighed in, stating that both nations needed to do "everything possible" to prevent a new arms race. "I urge you not to abandon this instrument without seeking to ensure that it is followed up in a concrete and effective manner," the American-born pope said.
In response, Russia's foreign ministry declared that both countries are "no longer bound by any obligations or symmetrical declarations within the context of the treaty."
While the ministry stated that "the Russian Federation intends to act responsibly and prudently," it also issued a warning. Russia is prepared to take "decisive" countermeasures if its national security is threatened.
The Trump administration has frequently criticized international limits on the United States. The official U.S. position centers on the need to include China in any future arms control agreements.
"The president's been clear in the past that in order to have true arms control in the 21st century, it's impossible to do something that doesn't include China, because of their vast and rapidly growing stockpile," Secretary of State Marco Rubio said on Wednesday.
China’s nuclear arsenal is expanding, with an estimated 550 strategic nuclear launchers. This is still significantly below the 800-launcher cap that New START imposed on both Russia and the United States. U.S. allies France and Britain, also treaty-bound, possess another 100 launchers combined.
A Diplomatic Breakdown?
Some observers suggest the expiration of New START was less about ideology and more a result of a lack of diplomatic bandwidth within the Trump administration, where career diplomats have been sidelined.
The administration’s focus on China was a factor during Trump's first term, with a U.S. negotiator once setting up an empty seat with a Chinese flag at talks. However, when asked in October about Putin’s proposal for a one-year extension, Trump called it "a good idea," though no negotiations followed.
Daryl Kimball, executive director of the Arms Control Association, agreed that China should engage on its nuclear program but questioned the administration's approach. "Despite Trump's talk about involving China in nuclear negotiations, there is no indication that Trump or his team have taken the time to propose risk reduction or arms control talks with China since returning to office in 2025," Kimball noted. He suggested that Trump and Putin could agree to maintain current limits first and then jointly press China to join.
The New START treaty was a cornerstone of international security for over a decade. After defeating Trump in the 2020 election, Joe Biden agreed with Russia to extend the treaty for five years, but relations between the two powers later deteriorated following Moscow's invasion of Ukraine.
The original treaty was signed in 2010 in Prague by then-presidents Barack Obama and Dmitry Medvedev. It limited each country's nuclear arsenal to 1,550 deployed strategic warheads, representing a reduction of nearly 30% from the previous limit set in 2002.

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