<p><strong>GLOBAL: US President Donald Trump said that he will not extend the ceasefire agreement with Iran, while threatening to bomb Oman if it “gets in the way,” according to news reports.&nbsp;</strong></p>

<p><strong>Market impact: </strong>Oil prices rose and US stock prices fell, as the US indicated a prolonged stance on the Middle East conflict.&nbsp;</p>

<p>The White House has not yet detailed the timeline for the resumption of military operations against Iran, though Iran said it is prepared to escalate in the Strait of Hormuz and across the region.&nbsp;</p>

<p><strong>LOCAL: Cash remittances reached USD 3.04 billion in June, up 1.7% year-on-year. The slower growth compared to May is due to geopolitical uncertainties and high base effects.&nbsp;</strong></p>

<p><strong>Market impact: </strong>The PSEi declined as investors remained cautious, while the peso weakened on dovish Bangko Sentral ng Pilipinas (BSP)’s policy signals.&nbsp;</p>

<p><strong>Current remittance inflows remain consistent with the BSP’s forecast of a 2.7% growth for 2026, indicating that overseas Filipinos continue to provide a reliable source of foreign exchange and economic stability.&nbsp;</strong></p>