U.S. Vice President JD Vance said major progress was made as a "good foundation for a successful final deal" was laid during long talks with Iranian officials in Switzerland. Vance said all four key objectives were achieved during the negotiations, including Iran allowing nuclear inspections, keeping the Strait of Hormuz open, preventing regional escalation, and establishing a formal process to continue technical negotiations.

UK Prime Minister Kier Starmer announces his resignation as leader of the Labour Party amid growing pressure from within his own party to step down, opening the door to a leadership contest to replace him. Starmer said he will remain as prime minister until his replacement is decided, leading Britain to prepare for its seventh leader in 10 years.

The Chinese Commerce Ministry announces new export restrictions on 10 U.S. rare earth minerals and defense companies after the Pentagon on June 8 flagged several Chinese companies it believed were aiding the Chinese military.

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