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On July 1st, Federal Reserve Chair Kevin Warsh stated at the 2026 ECB Forum that the U.S. economy is robust on the demand side, strong on the supply side, and this is even before the benefits of AI have fully materialized. When asked, "Are you a hawk?" he refused to comment but reiterated his position: although inflation expectations and risks have recently eased, anyone expecting the central bank to tolerate inflation above 2% will be disappointed—the Fed will surely deliver price stability.

Citi Group's report on July 2 stated that the US-Iran memorandum of understanding is expected to remain effective in the coming months and ultimately evolve into a formal agreement. Analysts including Francesco Martoccia noted that the impetus for de-escalation of conflict outweighs the costs of renewed confrontation. They reiterated their recommendation to sell during any summer rallies and predicted that Brent crude oil prices will fall to $60-65 per barrel by the end of the year. Through this memorandum, Iran has largely achieved its demands, while the US has secured an acceptable global oil price. As the situation in the Strait of Hormuz gradually stabilizes, the fundamentals are quickly recovering, but this process remains fragile due to ongoing disputes over control and tolls in the Strait of Hormuz. (Sina Finance)

Jinse Finance reported that Citigroup, in its July 2 report, stated that the US-Iran memorandum of understanding is expected to remain in effect over the coming months and eventually turn into a formal agreement. Analysts including Francesco Martoccia pointed out that the motivation for de-escalation of the war outweighs the costs of renewed confrontation. They reiterated the recommendation to sell during any summer rallies, and predicted that Brent crude oil prices would fall to $60-65 per barrel by the end of the year. Through this memorandum of understanding, Iran has basically achieved its objectives, while the US has secured an acceptable global oil price. As tensions in the Strait of Hormuz gradually subside, fundamentals are recovering rapidly, but the process remains fragile due to ongoing disputes over management and transit fees in the Strait of Hormuz. (Sina Finance)