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The U.S. military has confirmed it began launching strikes against Iran, according to Reuters. This represents a major escalation in geopolitical tensions involving the United States and Iran. No specific corporate or market actions are cited in the article.

US May nonfarm payrolls came in at +172K, nearly double the +85K consensus, with prior months revised up by 93K, triggering a sharp bond selloff, USD strength, and a broad equity market decline — the NASDAQ's worst day since April 2025. Canada also beat expectations with +87.8K jobs vs. +10K forecast. The strong data reduced near-term Fed rate-cut expectations, with the 2-year Treasury yield rising 10bps to 4.15%; gold fell 3.29% and Bitcoin dropped sharply on the week.

Iranian state media reports that Iran's Islamic Revolutionary Guard Corps (IRGC) has attacked the US Fifth Fleet headquarters and an airbase, according to Reuters. The incident represents a major escalation in Middle East geopolitical tensions. No further details on casualties, damage, or US response are provided in the initial report.

Iran has halted diplomatic message exchanges with the U.S. and is signaling a potential blockade of the Strait of Hormuz, according to Iran's Tasnim news agency. A Hormuz blockade would disrupt a critical global oil shipping chokepoint through which roughly 20% of world oil supply transits. No specific company action is cited; this is a geopolitical/macro development with broad implications for energy markets.

Iranian President Pezeshkian has reportedly resigned, telling Supreme Leader Khamenei that the IRGC had seized control of all major decisions and rendered civilian government unworkable — though Iran's government has denied the report as "fake news," and sources are social media only. The development, if confirmed, would severely undermine ongoing US-Iran nuclear and Hormuz negotiations, as the civilian interlocutors would lack authority from the IRGC, which physically controls the strait. Oil prices rose on Globex at the Sunday open in response to the report, reflecting a sharp repricing of Hormuz closure risk.

Snowflake shares surged approximately 35%, on pace for their best single-day gain ever, driven by AI-related enthusiasm. The move lifted peers including ServiceNow, Oracle, and Palantir, though Salesforce moved against the trend. No specific earnings, product, or deal catalyst is detailed in the article beyond broad AI sentiment.

The U.S. has carried out new military strikes against a military site in Iran, according to a Reuters exclusive citing an official. The action represents a significant escalation in U.S.-Iran tensions. No further details on the specific target or scope of the strikes were provided in the report.

U.S. crude oil (WTI) dropped roughly 6% to below $89 per barrel after a report indicated Iran would restore traffic through the Strait of Hormuz within one month as part of a framework agreement with the U.S. The potential deal would ease a key geopolitical supply-risk premium that had been supporting oil prices. No final agreement has been confirmed, adding uncertainty to the magnitude of the move.