Financial World Updates
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๐Ÿ‡ฏ๐Ÿ‡ต Japanese crude oil reserves post the largest drawdown in the countryโ€™s history.


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๐Ÿšจ IRAN'S FOREIGN MINISTER TO STATE MEDIA:

WE CAN NOT JUDGE THE TALKS UNTIL WE GET TO A CLEAR RESULT



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๐Ÿ“Š Key Events This Week:


MONDAY
โ€ข May ISM Manufacturing PMI data


TUESDAY
โ€ข April JOLTS Job Openings data


WEDNESDAY
โ€ข May ISM Non-Manufacturing PMI data


THURSDAY
โ€ข Initial Jobless Claims data


FRIDAY
โ€ข May Jobs Report


Total of 7 Fed Speaker Events This Week


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๐Ÿ‡บ๐Ÿ‡ธ Former Fed Chair Jerome Powell says the Federal Reserve will not survive if officials are removed over policy disagreements.


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๐Ÿˆ

๐Ÿ‡ฏ๐Ÿ‡ต Japan's Strategic Oil Reserves Hit Record Low

Japan's strategic oil reserves fell to a record low, says Kpler. Crude imports dropped 66% in April amid the Strait of Hormuz blockade, per the Japanese Ministry of Economy.

Japan is drawing heavily from reserves and ranks third after China and India in reliance on Hormuz oil supplies.


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๐Ÿ‡ฎ๐Ÿ‡ท๐Ÿ‡บ๐Ÿ‡ธ Iran says "the release of our frozen funds is an absolute and non-negotiable demand" for any deal with US.


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French President Emmanuel Macron:

The French Navy intercepted a new tanker under international sanctions yesterday morning, originating from Russia: the Tagor. Our determination is steadfast and unwavering.

This operation was carried out in the Atlantic, in international waters, with the support of several partners including the United Kingdom, in strict compliance with the law of the sea.

It is unacceptable for ships to circumvent international sanctions, violate the law of the sea, and fund the war that Russia has been waging against Ukraine for more than 4 years.

These vessels, which fail to adhere to the most basic rules of maritime navigation, also pose a threat to the environment and to everyone's safety.


Russian Embassy:

The captain of the Tagor tanker seized by France is a Russian.



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A Google employee is accused of using internal company data to bet on Polymarket, allegedly earning around $1,200,000 with minimal risk by predicting future Google Search trends.

He tried to hide his tracks through mixers and exchangers, but the FBI linked his wallets to his real identity, and he now faces charges of fraud and money laundering.


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๐Ÿ“Š Market Overview

SPX: $7580
NASDAQ: $26972
DXY: $99

Gold: $4536
Silver: $76
Bitcoin: $72115


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Iran has reportedly suspended direct message exchanges with the U.S., blaming ongoing Israeli military operations and accusing Washington of backing regional escalation.

๐Ÿ‡ฎ๐Ÿ‡ฑ Israel has intensified strikes on Hezbollah-linked targets in Lebanon, with renewed attacks around Beirut's southern suburbs drawing strong reactions from Tehran.

๐Ÿ‡ฎ๐Ÿ‡ท Iranian officials say diplomacy cannot move forward while Israeli operations continue, warning that trust in negotiations has been severely damaged.

โš ๏ธ Tensions across the Middle East continue to rise as military actions, ceasefire disputes, and diplomatic breakdowns increase fears of a wider regional conflict.


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Stock market reaches "most expensive" valuation ever โ€” surpassing dot com bubble.


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Brent crude oil surges 5% back above $100 after Iran ends negotiations with the US and vows to block the Strait of Hormuz.


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Canadian hotel group Blue Diamond shutting Cuba operations.


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Pavel Durov announces rebranding of Telegram TON coin to GRAM.


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๐Ÿ‡บ๐Ÿ‡ธ๐Ÿ‡ฎ๐Ÿ‡ท Odds of US and Iran reaching a permanent peace deal this month collapse to 23%.


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Anthropic just confidentially filed an S-1 with the SEC, indicating its plans to go public through an IPO.


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๐Ÿ‡บ๐Ÿ‡ธ President Trump says he spoke with Israeli Prime Minister Netanyahu and there will be โ€œno troops going to Beirut.โ€

He also says the US spoke with Hezbollah and they agreed that โ€œall shooting will stopโ€ and โ€œIsrael will not attack them.โ€


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The 2026 stock bubble looks worse than any previous one.


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๐Ÿ‡ฐ๐Ÿ‡ท South Korea reports inflation of 3.1%, the highest in over two years.


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Nvidia CEO Jensen Huang says Marvell is โ€œthe next trillion-dollar companyโ€ as AI data center networking demand accelerates.


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Japanese bond and currency face collapse as concerns over Takaichi's lack of fiscal discipline mount.

Japan spent $73 billion on the forex market to defend the yen from the 160 per dollar level. The 4th intervention in as many years failed to bring lasting relief, the yen subsequently fell back to the pre-intervention level.

Japanese 30-year bond yield has been on a tear, hitting an all time high of 4% in May 2026.

Japan has a high net debt to GDP ratio of ~130%. Prime Minister Takaichi is looking to add even more debt to fund several ambitious programs: remilitarization, investment into semiconductor manufacturing, populist welfare...

Japan holds $1.24 trillion in US Treasuries, the largest foreign holding in the world. A potential crisis in Japan could trigger a selloff and bring turmoil to the US financial system.


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