•The International Maritime Organization (IMO) announced that ships have begun transiting the Strait of Hormuz under a new UN-led evacuation framework.
•US Energy Secretary Wright stated that roughly 72 ships have exited the Strait of Hormuz in the last 24 hours.
•LSEG ship-tracking data showed that at least two dry bulk carriers and one cargo vessel crossed the strait within 12 hours.
•Lockheed Martin announced it secured a major U.S. Department of Defense procurement contract worth over $35 billion for THAAD missile defense systems.
•The US and Qatar warned the EU that its climate policies on methane emissions will lead to a gas supply crunch and higher prices.
•US and Qatari energy officials Chris Wright and Saad al-Kaabi wrote a letter, quoted by the Financial Times, stating there is no viable path to compliance with EU methane regulations.
•President Trump met with the CEOs of Boeing, Lockheed Martin and Honeywell at the White House.
•The meeting comes as the administration pushes defense contractors to ramp up weapons production amid concerns about U.S. missile and munitions stockpiles.
•Compass Diversified entered into a Settlement Agreement and Plan Support Agreement regarding the Chapter 11 proceedings of Lugano Diamonds & Jewelry Inc.
•Granite announced it has been awarded a contract by the Utah Department of Transportation valued at approximately $116.9 million for the West Davis Corridor expansion.
•H.B. Fuller reported its Q2 earnings for the quarter ended May 2026, providing insight into its financial performance relative to Wall Street estimates.
•Colony Bankcorp signed a definitive agreement to acquire First Reliance Bancshares in a stock-and-cash transaction valued at approximately $163 million.
•Volkswagen has agreed to sell a 51% stake in marine engine unit Everllence to private equity firm Bain Capital in a deal valued at about €7.4 billion ($8.40 billion).
•Western Union has received approval or non-objection from 51 U.S. states and territories and all international jurisdictions for its acquisition of Intermex.
•Treasury Secretary Scott Bessent stated that the dollar can remain strong during rate cuts if they are driven by falling inflation while the economy remains robust.
•Bessent projected a return to 3% US GDP growth this year, driven by AI productivity gains and eased Iran conflict tensions.