Komatsu is considering raising equipment prices in North America to offset a slump in its Middle East business that it says threatens profits. The move highlights weakening demand pressure in a key region. The report provides no figures on the size or timing of any increase, nor on the Middle East’s share of revenue.

Alberta’s fiscal outlook has flipped from a projected C$9.4 billion deficit to an expected surplus after oil prices rose amid the war in the Middle East. The provincial government said it will replace its fuel-tax relief mechanism with a C$100 energy rebate for more than three million adult Albertans in households earning under C$225,000 a year, starting in July. The move reflects a renewed boost in crude prices tied to the ongoing conflict rather than any newly disclosed military action or supply disruption.

The United States and Iran signed an interim ceasefire memorandum on June 12, agreeing to end hostilities on all fronts and halt maritime blockades in areas including the Persian Gulf. The document was signed by Donald Trump and Iranian President Masoud Pezeshkian. The U.S. said it would resume military action if Iran violates the deal. The de-escalation lowers near-term risks of Middle East supply disruptions and is a short-term negative for crude oil prices.

The Federal Reserve struck a hawkish tone at new governor Kevin Warsh’s first meeting, lifting U.S. Treasury yields and worsening the yen’s rate disadvantage. The yen has slid toward levels that previously prompted Japan’s finance ministry to intervene, prompting expectations of an emergency move. The development is rippling through FX markets, particularly affecting the dollar-yen pair and the yen.

SK Hynix has shipped samples of its next-generation 12-layer HBM4E memory chips to major customers. The company said the chips deliver bandwidth of up to 16Gbps per pin and more than 20% better power efficiency than previous models. As Nvidia’s main supplier of high-bandwidth memory, SK Hynix’s HBM4E progress supports performance upgrades and production timelines for Nvidia AI accelerators such as the H100 and B100. Samsung and Micron are competitors, but the report did not provide details on their HBM4E progress.

Bitcoin is holding above a key support zone after a pullback tied to Federal Reserve messaging, while 21Shares sees a possible path to $100,000 by the end of Q3. The firm says the bullish case hinges on a decisive move above $70,000. Bitcoin has continued to defend support around $65,000 even as inflation concerns and rate expectations shape near-term sentiment.

NVIDIA’s Vera Rubin NVL72 system has entered volume production, with the first units delivered to CoreWeave and Oracle. NVIDIA describes the platform as the world’s fastest AI system, claiming up to a 4x boost in MoE training speed and inference costs reduced to one-tenth of Blackwell. Oracle and CoreWeave are conducting joint validation aimed at supporting frontier agentic AI applications. The move marks the commercial rollout of NVIDIA’s next-generation AI hardware and strengthens Oracle Cloud Infrastructure’s AI competitiveness.

Even as reports fuel optimism about a U.S.-Iran peace deal, a rapid normalization of oil flows through the Strait of Hormuz is unlikely, with insurers, shipowners and refinery restarts expected to take weeks. Global crude inventories have been drawn down to very low levels, with Cushing stocks at about 21 million barrels near operational constraints. Analysts and oil executives have warned that June and July could bring “minimum operational levels” of inventory, while physical-market prices trade at a premium to futures benchmarks.