Iran Says it Will Control Hormuz & Has No Plans to Meet US in Qatar | Daybreak Europe 6/30/2026

 This edition of *Bloomberg Daybreak Europe* (June 30, 2026) covers several major global market and geopolitical stories as the quarter and half-year come to a close.

https://youtu.be/ukNcH_TJpRM

### **Key Market & Economic Highlights:**

* **Asian Stocks:** Equities are set for their best quarterly performance since 2009, driven by significant gains in tech and AI-related stocks (0:41-0:53).

* **Currency Markets:** The *Japanese Yen* has fallen to its weakest level against the dollar since 1986, trading past 162, keeping traders on high alert for potential government intervention (1:39-1:56).

* **Oil & Geopolitics:** *Brent crude* is heading for its biggest quarterly decline since the pandemic (1:21-1:29). Tensions are rising as *Iran* vows to maintain control over maritime traffic in the *Strait of Hormuz*, raising concerns about tolls and energy security (9:22-11:15).

* **ECB Forum:** *European Central Bank* President *Christine Lagarde* opened the annual forum in *Sintra, Portugal*, highlighting *Europe's* resilience to economic shocks despite a challenging global backdrop (26:43-27:18).

### **Other Notable Developments:**

* **US Federal Reserve:** The *US Supreme Court* ruled that *Fed Governor Lisa Cook* can remain in her position, although the court simultaneously expanded the president's power to fire heads of other federal agencies (14:36-16:54).

* **EU-China Trade:** The *EU* and *China* have set an October deadline to address ongoing trade disagreements, including a growing deficit and state subsidies (31:09-33:51).

* **South Africa:** Authorities are bracing for large-scale anti-migrant demonstrations across the country, which have raised concerns among investors regarding regional stability (17:58-20:07).

* **UK Politics:** *Andy Burnham* has pledged to radically devolve fiscal powers away from *Westminster* as part of his strategy to stimulate economic growth (41:38-42:22).

This broadcast focuses on the final trading session of the quarter, providing updates on global policy, corporate earnings (such as *Maersk*), and the broader economic outlook.