According to Nick Timiraos, the selection process for the new president of the Federal Reserve Bank of Atlanta has reached a stalemate, with the first batch of candidates unable to be determined, forcing the bank to restart the seven month long selection process.

The Federal Reserve accepted a total of $6.426 billion in funds from eight counterparties in its fixed rate reverse repurchase operation.

According to CCTV News, on June 27th, Russian President Putin signed a presidential decree extending the ban on the supply of Russian oil and petroleum products, which is subject to price ceilings set by the G7 and EU, until December 31, 2027. According to the new law, if the supply contract of Russian oil and its products directly or indirectly stipulates a price cap mechanism, the supply of related products to foreign legal persons and individuals is prohibited, and this ban applies to all delivery stages.

According to NewsNation, a US official stated that despite President Trump's claim that Iran has violated the ceasefire agreement, negotiations between the US and Iran are expected to continue. According to Iran's Nur News, a spokesperson for the Iranian Revolutionary Guard Corps denied the claim of a direct demarcation line between Iran and the United States in the Strait of Hormuz, calling it a lie, and stated that the Strait of Hormuz is Iranian territory and has nothing to do with the United States.

According to AXIOS, Israeli and Lebanese officials have stated that the two governments are expected to announce a framework agreement today.