EUR/USD hits a two-and-a-half-month low, with an overall clear bearish trend

Kuwait begins increasing oil production, expected to exceed 2 million barrels per day within a week

Czech National Bank raises interest rates for the first time since 2022, increasing the two-week repo rate to 3.75%

Bank of America expects that a full reopening of the Strait of Hormuz may cause Brent crude oil prices to drop to $82 per barrel this year, and for most of the second half of 2026, prices will remain in the $70–80 range.

India's crude oil imports rose by 1.1% year-on-year in May to 21.6 million tons, while gasoline exports dropped by 37.4%.