KAROON ENERGY REVISES 2026 TOTAL CAPEX TO $178-202 MLN; BAÚNA $89-97 MLN, WHO DAT $72-85 MLN, NEON $14-16 MLN; ANTICIPATES LOWER SUSTAINING CAPITAL REQUIREMENTS AT BAÚNA, ANNUALISED OPERATING COST SAVINGS OF $30-40 MLN POST FPSO TRANSITION, AND SPS-92 WELL RESTORED
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TECHNICAL DELIBERATIONS WITH IRAN SLATED TO CONTINUE ON ALL AREAS OF MEMORANDUM OF UNDERSTANDING; BOTH SIDES TO STAND DOWN AND VESSELS TO MOVE FREELY - U.S. OFFICIAL
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OIL ROSE AFTER REPORTS THAT THE U.S. AND IRAN AGREED TO HALT MILITARY STRIKES AND RESUME TALKS IN DOHA, EASING IMMEDIATE SUPPLY CONCERNS, THOUGH TRADERS REMAIN WATCHFUL FOR ANY FURTHER DISRUPTION TO SHIPPING THROUGH THE STRAIT OF HORMUZ.
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ATLAS ARTERIA GROUP: U.S. COURT DISMISSES 2024 DULLES GREENWAY RATE CASE FEDERAL LITIGATION; TRIP II DELIBERATING WHETHER TO APPEAL RULING; LEGISLATIVE REFORMS PERMIT UP TO TWO-YEAR TOLL APPLICATIONS AND DEFINED SCC TIMELINES
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RBA'S KENT SAID THE CENTRAL BANK WOULD CONSIDER RESPONDING MORE DECISIVELY TO DISINFLATION IN THE FUTURE, INCLUDING USING POLICY TOOLS EARLIER AND FRONT-LOADING SUPPORT, WHILE SIGNALING LESS TOLERANCE FOR INFLATION FALLING BELOW ITS TARGET.
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RBA'S KENT: FORWARD GUIDANCE WITH A STRONG POLICY COMMITMENT IS DIFFICULT TO IMPLEMENT, PARTICULARLY IN AN UNCERTAIN ECONOMIC ENVIRONMENT.
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RBA'S KENT: THE IMPACT OF QUANTITATIVE EASING (QE) IN AUSTRALIA WAS LIKELY WEAKER THAN IN MANY OTHER ECONOMIES.
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BENCHMARK 10-YEAR JGB FUTURES DECLINE 0.24 POINT IN INITIAL TRADING
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JAPAN'S NIKKEI AVERAGE FUTURES ADVANCE 0.63% IN INITIAL TRADING
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Japan's 20-year JGB yield advanced by 4 basis points to 3.550%.
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Australia's benchmark ASX 200 advanced 0.4% to 8,795.50 points in early market action.
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Southeast Asians scale back spending as Iran war spillover persists-NA
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Oil rises as renewed U.S.-Iran strikes reignite Middle East supply fears-CNBC
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Asia-Pacific equities traded mixed amid month-end portfolio rebalancing.
Investors assessed reports of a US-Iran ceasefire and upcoming diplomatic talks.

Improved geopolitical sentiment supported some regional markets.
Caution prevailed as investors awaited further economic and political clarity.
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The yield on Japan's 10-year JGB rose 3.5 bps to 2.630%.
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US OFFICIALS: KINETIC ACTIVITY HAS CEASED; VESSELS CAN TRANSIT FREELY THROUGH STRAIT; SHIPPERS REMAIN SKEPTICAL OF U.S. SAFETY ASSURANCES - AXIOS
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AUSTRALIA'S ACCC SAID THE PARTIAL RESTORATION OF THE FUEL EXCISE COULD PUSH RETAIL PETROL AND DIESEL PRICES HIGHER FROM JULY, AS IT MONITORS FUEL PRICING AND MARKET CONDUCT.

THE FUEL EXCISE DISCOUNT WILL BE REDUCED FROM 32 AU CENTS TO 16 AU CENTS PER LITRE BETWEEN JULY 1 AND AUGUST 2, WITH THE ACCC SET TO TRACK RETAIL PRICES DURING THE TRANSITION.
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Australia will scale back its fuel excise relief, lowering the excise cut from 32 cents to 16 cents per litre between July 1 and August 2.
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Sovereign investors with US$29 trillion pivot to energy assets, flag dollar fears-SCMP
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Iran warns ships not to bypass its chosen Hormuz route-SCMP
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New Zealand’s furniture retail sector is showing steady growth. Demand for designer and premium furniture pieces is rising.
Consumers are increasingly prioritising home aesthetics and quality. The trend reflects stronger interest in lifestyle-driven purchases.
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