Donald Trump claims Iran and Israel are ready to negotiate, crediting U.S. trade leverage for driving talks. He says “many calls and meetings” are underway and cited his past interventions in Kosovo, Egypt, and Ethiopia as proof diplomacy works. Trump reportedly blocked an Israeli plan to assassinate Iran’s Supreme Leader, saying, “Have the Iranians killed an American yet? No.”

However, Israeli PM Netanyahu insists military operations against Iran will intensify, contradicting Trump’s peace narrative.

Markets are on edge. JPMorgan warns oil could hit $130 if the Strait of Hormuz—handling 20M barrels/day—is disrupted. That spike could double U.S. inflation to 5% and stall rate cuts.

Meanwhile, Israel’s May inflation came in at 3.1%, slightly below expectations but still above target. The central bank warns conflict-driven supply issues are threatening further economic stability.

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