Trump Threatens 100% Tariffs on Countries Imposing Digital Services Taxes on U.S. Tech Firms 
Yen Falls to 40-Year Low as Markets Watch Japan Intervention and U.S. Jobs Report 
US, Iran Agree to Halt Attacks Ahead of Doha Talks on Strait of Hormuz 
Despite its best efforts, Iran won’t be able to toll the Strait of Hormuz. Here’s why 
Trump Urges Gasoline Retailers to Cut Prices to $2.50 Per Gallon, Warns of Legal Action 
Gold Price Falls as Fed Rate Hike Fears and U.S.-Iran Tensions Weigh on Bullion 
China Expands Export Controls, Adds 20 Japanese Companies to Restricted List 
Asian Stocks End Strong Quarter as Dollar Surges, Yen Hits 40-Year Low Ahead of US Jobs Data 
Gold Prices Drop as Fed Rate Outlook and Iran Tensions Weigh on Market 
World Bank Approves $1.1 Billion Emergency Funding for Bangladesh Amid Food and Energy Price Pressures 
RBA Minutes Signal Australia Central Bank Remains Ready to Raise Interest Rates if Inflation Persists 
China Factory PMI Seen Returning to Growth in June as AI Export Demand Supports Economy 
Serbia President Aleksandar Vucic to Resign, Calls Early Elections After Months of Protests 
Taiwan Coast Guard Officer Finds Strength in Faith as China Increases Pressure in Taiwan Strait 
China Sets 1.25% Overnight Reverse Repo Rate Below Market Expectations 
Mexico, U.S. Launch Sterile Fly Facility to Combat New World Screwworm Outbreak 
Asian Stocks Slip as US-Iran Ceasefire Hopes Lift Oil, Dollar Strength Persists 
A U.S. military aircraft was shot down by Iranian forces on Friday, marking a significant escalation in the ongoing five-week conflict between the United States, Israel, and Iran. Both nations confirmed the incident, with one crew member successfully rescued after ejecting and another still unaccounted for, according to U.S. sources.
The downing of what defense analysts identified as an F-15E Strike Eagle — a two-seat combat jet — exposed serious vulnerabilities in U.S. and Israeli air operations, contradicting earlier claims by President Donald Trump and Defense Secretary Pete Hegseth that allied forces held complete aerial dominance over Iran. A separate U.S. Air Force aircraft also crashed in the Gulf region the same day, though its pilot was recovered safely.
Iranian state media reported that local residents fired on U.S. search-and-rescue helicopters deployed after the crash. Iran's Revolutionary Guard Corps launched a search operation in southwestern Iran, and regional authorities offered rewards for anyone who captured or eliminated enemy personnel on Iranian soil.
Diplomatic efforts to end the war appear stalled. Iran has reportedly rejected proposed talks with U.S. officials in Islamabad, telling mediators that Pakistani-led ceasefire negotiations have collapsed, according to the Wall Street Journal. The conflict, which began with U.S. and Israeli strikes that killed Supreme Leader Ayatollah Ali Khamenei on February 28, has claimed thousands of lives, injured over 300 American troops, and killed 13 U.S. service members.
Economic fallout continues to grow. U.S. crude oil prices surged 11% following Trump's latest remarks, which offered no indication of imminent peace. Iran meanwhile struck a power and water facility in Kuwait, while drone attacks were reported near Saudi Arabia, Abu Dhabi, and Israel. Trump threatened further strikes on Iranian bridges and electrical infrastructure, as the region braces for continued hostilities with no resolution in sight.
