Morning Headlines

Pakistan's prime minister announced that negotiators have agreed on a final text to end the US-Iran war that began in February 2026, with Iran committing to never develop nuclear weapons in exchange for sanctions relief and the reopening of the Strait of Hormuz; US forces shot down multiple Iranian attack drones in the same hours, underscoring the fragility of the moment.

EU ambassadors unanimously agreed to open the first cluster of accession negotiations with Ukraine and Moldova, with formal talks set for June 15 in Luxembourg; the breakthrough follows Hungary lifting its two-year veto after Kyiv agreed to a minority-rights action plan, marking the most significant step yet toward Ukraine's eventual EU membership.

A pure-hydrogen combustion engine built by Finland's Wärtsilä successfully supplied power to Spain's national grid — a world first for large-scale hydrogen power generation — demonstrating a potential solution to the intermittency problem that has limited renewable energy expansion.

Crude oil dropped roughly 2% as traders priced in an imminent reopening of the Strait of Hormuz; global equity markets extended gains on the same optimism ahead of Wednesday's Federal Reserve rate decision, the first chaired by new Chair Kevin Warsh, where a rate increase is widely expected after last week's stronger-than-expected jobs report.

Poland formally commissioned its first three F-35A stealth fighters at Łask Air Base, followed by a flypast over Warsaw, Gdańsk, Kraków, and Łódź; the jets, nicknamed 'Hussarz,' are part of a 32-aircraft, $4.6 billion order and mark a major step in reinforcing NATO's eastern flank.