IIR's June 9 Market Scorecard Brings You Breaking Geopolitical News

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Researched by Industrial Info Resources (Sugar Land, Texas)--Stay current with the latest geopolitical events, and more importantly, instantly connect to how these events may impact you and your business strategies.

Event	MarCon*	IIR Comment	Outlet	IIR News
Five Signs Israel and Iran Could Be Headed Toward Open War		Threats from both Iran and Israel are intensifying, pushing them closer to direct military conflict in an already volatile and war-torn region. Iran has reportedly ordered thousands of tons of ammonium perchlorate from China, a key ingredient for producing solid-fueled ballistic missiles.. Israel is actively preparing for a possible strike on Iran's nuclear facilities.. The war in Gaza has left Israel increasingly isolated on the world stage, weakening its regional standing and emboldening Iran..	Newsweek	Changing Oil Demand Patterns, Declining U.S. Rig Count: Your Daily Energy News
Ukraine Says Russia Launched Biggest Drone Assault of the War		Russia and Ukraine started exchanging prisoners on Monday, hours after Moscow attacked Ukraine with the largest drone assault of the war. Most of the drones and missiles were intercepted, according to the Ukrainian Air Force, and there were no immediate reports of widespread damage. As Russia has escalated aerial attacks, it also has been stepping up frontline assaults and has opened a new front in northern Ukraine.	The New York Times	Politics in South Korea, Poland, Holland Affect Energy Markets
Oil prices steady ahead of US-China trade talks		Oil prices were stable on Monday as investors awaited U.S.-China trade talks in London in the hope that a deal could boost the global economic outlook and subsequently fuel demand. Brent rose 4% last week and WTI 6.2% as the prospect of a U.S.-China trade deal boosted risk appetite for some investors.	Reuters	Dallas Fed Expects Upstream Spending Cuts
European markets retreat with eyes on U.S.-China trade talks Asia stocks rise as investors digest China data, await Beijing - Washington trade talks		Global investors are awaiting updates from the U.S.-China trade talks, which begin in London Monday. U.S. National Economic Council Director Kevin Hassett told CNBC on Monday he expected it "to be a short meeting with a big, strong handshake," as Washington seeks confirmation China will restore the flows of critical minerals. The euro and the British pound were both last trading around 0.1% higher against the U.S. dollar. Asian markets climbed Monday as investors awaited trade talks between Washington and Beijing later in the day, and digested China inflation and trade data.	CNBC	U.S. DOE Cancels $3.7 Billion in CCS, Decarbonization Project Grants U.S. Ag Chemical Producers Mostly Upbeat, Wary of Tariffs
Natural Gas Forecast: Energy Prices Steady Amid U.S. Jobs Strength		Natural gas prices also saw upward pressure as traders priced in geopolitical instability and supply disruption risks. The combined impact is keeping energy markets on edge, with volatility likely to persist. Natural gas futures are holding firm above the $3.70 support, currently trading near $3.754 after reclaiming both the 50 EMA ($3.704) and the 200 EMA ($3.696) on the 2-hour chart. Price action is respecting the ascending trendline from late May, with higher lows confirming underlying strength.	FX Empire	U.S. Gas Processors Prepare for Maintenance Across Major Basins
US and China set to meet for trade talks in London		A new round of talks aimed at resolving the trade war between the US and China are set to take place in London on Monday. A senior US delegation including Commerce Secretary Howard Lutnick will meet with Chinese representatives such as Vice Premier He Lifeng to resolve tensions between the world's two largest economies, which is threatening global growth. Chinese exports of rare earths, which are crucial for modern technology, as well as Beijing's access to US products, including computer chips, are expected to be high on the agenda.	BBC	Enterprise Products: U.S. Plans to Deny Request to Ship Ethane to China
China's Rare Earths Weapon Could Kill Europe's Auto Industry		China earlier this year introduced restrictions on its exports of rare earths. The move marked a new stage in the US-China trade spat, when the two sides no longer tried to out-tariff each other but took to more concrete steps. The problem is, the restrictions don't just apply to U.S. companies. And they may well deliver the fatal blow to Europe's struggling auto industry. China controls 90% of the world's rare earths processing capacity. It is the indisputable, if not exactly celebrated in the West, master of the rare earths industry	OilPrice	IEA Flags Concerns Over Future Supply, Demand and Price of Strategic Minerals
Week 06/02/25 - 06/09/25		Will these London Talks between the U.S. and China amount to more substance than mere posturing? The World is hoping the Eagle and the Dragon will be able to mostly settle their differences - sheathing their claws - so both global trade and economy can somewhat be on seemingly stable footing with less uncertainty and volatility wreaking havoc on commodity markets. However, the Bear still rumbles in Eastern Europe not yet ready to pursue a meaningful ceasefire. And, in the Middle East, tensions could boil over between Israel and Iran. So, Mr. Oil Market is keeping his eyes on all the geopolitical actors in the proverbial room; while the Economists are busy crunching numbers to gauge what lies in store for the world economy - outlook gloomy and grim regardless of how these London Talks go...
*MarCon (Market Condition 1-5, with 5 being the highest impact) indicates directional bias or price effect for the relevant commodity (Oil, Natural Gas, Chemicals, etc.) and is graded by our team of experts here at IIR.

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