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Data From The Intercontinental Exchange Shows That The Dutch Near-month Natural Gas Contract Fell By More Than 5% To €44.27 Per Megawatt-hour
The Yield On German 10-year Government Bonds Fell 4 Basis Points To 2.958%, The Lowest Level Since June 2
European Commission President Ursula Von Der Leyen: We Must Diversify, Reduce Our Dependence On The Strait Of Hormuz Bottleneck, And Develop Alternatives
European Commission President Ursula Von Der Leyen: Europe Calls On All Parties To Respect Lebanon's Sovereignty
Germany's May Wholesale Price Index Fell 0.6% Month-on-month, Compared With A Previous Reading Of 2.00%
Germany's Wholesale Price Index Rose 5.9% Year-on-Year In May, Compared With The Previous Reading Of 6.30%
European Central Bank President Christine Lagarde: We Have Already Begun To See The Second Round Of Inflationary Effects
Israeli National Security Minister Gevel: We Love America And Thank President Trump. However, Israel Is Not The Kind Of Country That Can Be Manipulated By Foreign Powers
The Russian Ministry Of Defense Stated That It Carried Out Large-scale Strikes Against Military Industrial Facilities In Ukraine
EU High Representative For Foreign Affairs And Security Policy Karas: I Recently Spoke With Officials From Iran And The Gulf States, And Today EU Foreign Ministers Will Discuss How The EU Can Be More Closely Involved In The Next Phase
EU High Representative For Foreign Affairs And Security Policy Karas: The US-Iran Agreement Marks A Potential Breakthrough. It Will Provide Much-needed Space For Deeper Negotiations On Iran's Nuclear Program And Other Key Issues. Once Implemented, The Agreement Should Also Alleviate The Global Energy Crisis
Spot Gold Fell More Than $10 In The Short Term, Currently Trading At $4,320 Per Ounce. In Terms Of News, The Israeli Minister Of State Security Stated That There Would Be No Withdrawal Of Troops
According To Reuters: Ship Tracking Data Shows That After The U.S. And Iran Announced A Peace Agreement, The Liquefied Natural Gas (LNG) Tanker 'Disha' Sailed Eastward And Has Transited The Strait Of Hormuz. The Tanker Was Carrying Cargo From Ras Laffan Port In Qatar And Is Leased By Oil And Natural Gas Corporation Limited (ONGC) Of India
The US Dollar Fell 0.50% Against The Swiss Franc (USD/CHF) On The Day, Currently Trading At 0.7929
According To The New York Post: Trump Has Threatened To Impose A 100% Tariff On French Wine Over The Digital Tax Issue

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Senator Warren aims to block a major AI chip sale to the UAE, linking it to a significant Trump family financial deal and national security concerns.
Senator Elizabeth Warren is set to ask the Senate to condemn and reverse a major sale of 500,000 advanced artificial intelligence chips to the United Arab Emirates. The move follows reports of a significant financial transaction between a prominent UAE sheikh and the Trump family that occurred just before Donald Trump’s inauguration.
Warren’s resolution, shared with CNBC, directly challenges the chip deal in light of a Wall Street Journal report. The report detailed how Sheikh Tahnoon bin Zayed Al Nahyan, a key figure in the UAE, secretly acquired a 49% stake in World Liberty Financial, a Trump family company. This deal allegedly directed approximately $187 million to Trump family entities just four days before Trump took office.

The AI chip sale was approved months after this investment, raising allegations of bribery. Sheikh Tahnoon's own AI enterprise, G42, is slated to receive the chips.
"Why in the world was Donald Trump trying to ship off our state-of-the-art chips to the UAE — and China — when American startups, universities, and small businesses need them here at home?" Warren is expected to state on the Senate floor. "Well, now we know that the UAE greased the skids months earlier when it secretly agreed to pour hundreds of millions of dollars into a Trump family crypto venture."
The deal would send 500,000 of Nvidia's most advanced chips to the UAE annually. This has triggered national security alarms, as previous U.S. administrations have warned against selling such technology to the UAE over fears it could fall into China's hands. The United States is in a fierce competition with China for AI dominance and strictly controls its semiconductor technology.
"Trump is profiting from decisions that make it easier for countries like China to get their hands on some of our most sensitive and advanced technology," Warren, who serves as the top Democrat on the Senate Banking Committee, plans to argue.

If passed, the resolution would formally state that the Senate "Condemns Donald Trump's decision to allow the sale of advanced AI chips to the United Arab Emirates and calls for the reversal of this decision."
While any single senator can block the resolution, Warren's push is designed to put political pressure on Republicans, who have also expressed concerns about advanced AI technology reaching China.
"Congress needs to grow a spine," Warren is expected to add. "We cannot allow American national security to be sold to the highest bidder."
The Trump administration has consistently denied any wrongdoing concerning Sheikh Tahnoon's investment or the subsequent chip deal. When asked about the arrangement this week, Trump commented, "Well, I don't know about it."
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