Global markets recalibrated following the cancellation of planned U.S. strikes against Iran, leading to a drop in oil prices and shifting attention toward currency and logistics. Authorities in the U.S. and Japan intervened to support the yen following its slide to 40-year lows, though analysts remain skeptical that such measures will yield sustained recovery. Meanwhile, European industrial stability faces a severe logistical threat as the Rhine river reaches record-low water levels, potentially disrupting chemical and commodity supply chains similar to the 2018 crisis. In the corporate sector, dealmaking continued with Prysmian agreeing to acquire Atkore for $3.8 billion and TotalEnergies purchasing Shell's renewable assets. Additionally, Sandoz reached a $450 million antitrust settlement, and Alibaba expanded its AI footprint with the release of Qwen3.8-Max, even as regional markets grappled with AI-sector volatility and a sliding KOSPI index.