Copper Sinks Amidst USD Rally & Weaker Demand Signals

IRAN'S FARS NEWS AGENCY, CITING MILITARY SOURCE, SAYS ONLY A CERTAIN NUMBER OF VESSELS PER DAY ARE ALLOWED TO PASS STRAIT OF HORMUZ, THIS AMOUNT IS TO VARY DAILY ACCORDING TO CONDITIONS

Despite their protestations and false statements to the contrary, coupled with the drumbeat of the Fake News, which is doing everything possible to make the U.S. Victory as small and insignificant as possible, Iran has fully and completely agreed to highest level Nuclear inspections long into the future (Infinity!!!). This will insure “Nuclear Honesty.” If they did not agree to this, there would be no further negotiations! Based on this and other major concessions being made by Iran, I have agreed to allow the Hormuz Strait to remain OPEN, with no further Naval Blockade. However, all ships are remaining in place should it be necessary to reinstitute the Blockade, which seems, at this point, highly unlikely. The Money and/or Sanctions that the U.S. Treasury is releasing goes into escrow, controlled by the U.S.A., and will be used for the purchase of food and medical supplies, exclusively from the United States, including Corn, Wheat, and Soybeans from our great American Farmers. These are things that are desperately needed by Iran. This is a humanitarian crisis, and I feel it is necessary to help, NOW, before it is too late. Talks are going well! Thank you for your attention to this matter. President DONALD J. TRUMP TRUMP: I HAVE AGREED TO ALLOW HORMUZ STRAIT TO REMAIN OPEN, WITH NO FURTHER NAVAL BLOCKADE. TRUMP: MONEY BEING RELEASED GOES INTO ESCROW CONTROLLED BY US TRUMP: MONEY U.S. TREASURY IS RELEASING GOES INTO ESCROW, CONTROLLED BY U.S.A., AND WILL BE USED TO BY FOOD AND MEDICAL SUPPLIES FROM THE U.S., INCLUDING CORN, WHEAT, AND SOYBEANS TRUMP: WILL KEEP ALL SHIPS IN PLACE TO REINSTITUE THE BLOCKADE IF NECESSARY

OMAN, IRAN SAY THEY ARE COMMITTED TO ENSURING SAFE PASSAGE THROUGH HORMUZ STRAIT - JOINT STATEMENT OMAN, IRAN BACK STRAIT OF HORMUZ COOPERATION Oman and Iran reaffirmed support for the U.S.-Iran Islamabad Memorandum of Understanding and pledged continued dialogue on its implementation. The two countries agreed to work jointly on the future management of navigation in the… OMAN, IRAN SAY "ALL ARRANGEMENTS RELATING TO STRAIT OF HORMUZ MUST FULLY RESPECT THEIR SOVEREIGNTY AND SOVEREIGN RIGHTS" - JOINT STATEMENT OMAN, IRAN SAY THEY RENEWED THEIR COMMITMENT TO MAINTAINING STRAIT OF HORMUZ AS SAFE AND OPEN WATERWAY FOR INTERNATIONAL NAVIGATION

For the four weeks ending June 6, 2026, U.S. private employers added an average of 30,750 jobs per week, according to the NER Pulse, a weekly update of the monthly ADP National ...