The Islamic Revolutionary Guard Corps (IRGC) said it is prepared to engage in a conflict with the United States for up to ten years, underscoring ongoing geopolitical tensions.

Russian President Vladimir Putin warned that oil production linked to the Strait of Hormuz could halt within a month. He said liquefied natural gas (LNG) supplies from the Middle East have sharply declined, with the route through the Strait effectively closed. Redirecting oil supplies without using the Strait of Hormuz is deemed impossible, he added. Putin described current high energy prices as temporary and urged Russian firms to capitalize on the situation and reduce bank debts. Russia is increasing energy supplies to reliable partners, including Slovakia and Hungary.

The United States considers a joint release of 300-400 million barrels of oil from G7 reserves feasible, CNBC reported.

Western media often report that former President Donald Trump is eager to keep oil prices below $100. It is unclear whether Trump is personally aware of this objective. For more information, see mt at max.

President Donald Trump said it is "too early" to discuss the potential seizure of Iranian oil but did not rule out the possibility. Further details are available on NBC. More updates can be found at mt in max.

Former U.S. President Donald Trump will hold an "unexpected" press conference on Iran on Tuesday at 5:30 p.m. ET (0030 GMT Wednesday), according to a statement. More details are available here.

Tensions escalated as former U.S. President Donald Trump reportedly threatened action against Iran's Supreme Leader Ayatollah Ali Khamenei if U.S. demands are not met, the Wall Street Journal reported.

The popularity of the Republican Party on Polymarket has declined rapidly amid the operation "Epic Fury," while support for the Democratic Party has increased. Bets on the Democrats winning the Senate in the November 2026 midterm elections are rising, whereas bets on the Republicans are falling, according to a monitoring report. More insights are available on mt on max.

Former President Donald Trump suggested in a CBS phone interview that the United States might soon end its conflict with Iran, claiming the country is ahead of schedule by four to five weeks. Analysts said Trump appeared to be framing the situation positively by suggesting the mission was nearing completion. For more details, visit mt in max.

President Donald Trump is considering taking control of the strategic Strait of Hormuz, he said in an interview with CBS News.

WASHINGTON, June 7 (Reuters) - U.S. Energy Secretary Wright said on Wednesday that negotiations are underway for a coordinated release of oil from reserves, but the ban on U.S. oil exports remains off the table.

European Commissioner for Economy Valdis Dombrovskis urged the European Union to maintain pressure on Russia following a meeting of eurozone finance ministers, despite a 90% rise in gas prices and a 40% increase in oil prices across the bloc. For details, visit mt in max.

President Donald Trump said the United States will not withdraw its forces until the enemy is defeated, emphasizing that victory has not yet been achieved. He expressed uncertainty over who will lead Iran and predicted a swift conclusion to operations there. Experts suggest Trump’s remarks came after Iran firmly rejected negotiations and see his comments as aimed at both lowering oil prices and addressing the American public.

U.S. President Donald Trump said military objectives in Iran have been achieved and the operation will wrap up soon, but not this week. He added that tanker escorts through the Strait of Hormuz will not be necessary, promising the strait's safety with a strong naval presence. Trump warned of stronger retaliation if oil deliveries are blocked and suggested the possible permanent removal of oil sanctions after the conflict. Skepticism within the administration and rising oil prices have caused concern, according to CNN.

Iranian Foreign Minister Abbas Araghchi said there would be no talks with the United States, citing a "very bitter experience" in dealing with Americans.

"I don't think the issue of further contacts or negotiations with Americans will be considered," Araghchi told PBS in an interview.

The Strait of Hormuz remains closed despite U.S. President Donald Trump's claims to the contrary, Iran said on Wednesday. Tehran plans to impose tariffs on oil tankers and trading vessels from U.S. allies, escalating tensions in the region. The Trump administration is reportedly concerned as oil prices surge amid the disruption.

An Iranian official told CNN that Tehran holds a "lever of influence on global oil prices" and said, "Energy prices are unstable; we'll fight until Trump's U.S. defeat declaration."

Today, G7 energy ministers are scheduled to discuss oil market conditions. Japan will release its GDP figures, while China reports on global trade. In the United States, key economic updates include ADP Nonfarm Employment and Existing Home Sales data. The US Energy Department will provide short-term oil forecasts, and the American Petroleum Institute will report inventory levels. Russia's Moscow Exchange (MOEX) has launched mini-futures trading on platinum and palladium. Major earnings reports expected include Nio, Kohl's, and Oracle.

The U.S. dollar traded at 6.88 against the Chinese yuan and at 79 against the Russian ruble in the foreign exchange market.

Japan's economy grew 0.3% in the fourth quarter of 2025 compared with the previous quarter, exceeding expectations of a 0.1% increase and rebounding from a 0.6% decline in the prior quarter, official data showed on Friday.

On a year-on-year basis, gross domestic product (GDP) rose 1.3%, slightly above the forecasted 1.2% and improving from a 2.6% drop in the same quarter of the previous year.

China's export growth surged 39.6% year-on-year in February, far exceeding expectations of 7.1% and the previous rate of 6.6%, official data showed on Friday. Imports also rose 13.8%, surpassing forecasts of 6.3% and the prior 5.7%. The trade surplus hit a record level in the first two months of the year, according to a report by CNBC.