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On June 2, foreign media reported that, according to a knowledgeable source, the Trump administration intends to abandon the establishment of a controversial $1.8 billion legal fund aimed at assisting those who claim to be victims of government power 'weaponization.' This anticipated decision comes amid strong opposition from both Republican and Democratic figures, who have mocked the fund as merely a 'slush fund' for President Trump's political allies. This marks another setback for Trump, who recently faced a court defeat regarding his plans to reform the Kennedy Center for the Performing Arts and has struggled with the issue of ending the war in Iran.

[Trump Plans to Abandon Controversial 'Anti-Weaponization' Fund]On June 2, foreign media reported that, according to a knowledgeable source, the Trump administration intends to abandon the establishment of a controversial $1.8 billion legal fund aimed at assisting those who claim to be victims of government power 'weaponization.' This anticipated decision comes amid strong opposition from both Republican and Democratic figures, who have mocked the fund as merely a 'slush fund' for President Trump's political allies. This marks another setback for Trump, who recently faced a court defeat regarding his plans to reform the Kennedy Center for the Performing Arts and has struggled with the issue of ending the war in Iran.

Trump Plans to Abandon Controversial 'Anti-Weaponization' Fund

On June 2, according to U.S. sources, the Trump administration continues to release the U.S. Strategic Petroleum Reserve on a large scale to alleviate the energy supply crisis caused by the U.S.-Iran conflict and the closure of the Strait of Hormuz. Data released by the U.S. Department of Energy that day indicated that the Strategic Petroleum Reserve decreased by 8 million barrels of crude oil last week. The previous two weeks saw reductions of 9.1 million barrels and a record 9.9 million barrels, respectively. Currently, the reserve has dropped to 357.1 million barrels, the lowest level since January 2024. Experts indicate that at the current release rate, the Strategic Petroleum Reserve is expected to fall below the low point during the Biden administration as early as next week, reaching the lowest level since 1983. Since the outbreak of the current U.S.-Iran conflict, the U.S. has released approximately 58 million barrels of crude oil, accounting for about 14% of the total Strategic Petroleum Reserve. Analysts believe that the continued release of reserves will weaken the U.S.'s ability to respond to sudden supply disruptions, such as those caused by hurricane season. (CCTV)

[U.S. Strategic Oil Reserve May Fall to Lowest Level Since 1983]On June 2, according to U.S. sources, the Trump administration continues to release the U.S. Strategic Petroleum Reserve on a large scale to alleviate the energy supply crisis caused by the U.S.-Iran conflict and the closure of the Strait of Hormuz. Data released by the U.S. Department of Energy that day indicated that the Strategic Petroleum Reserve decreased by 8 million barrels of crude oil last week. The previous two weeks saw reductions of 9.1 million barrels and a record 9.9 million barrels, respectively. Currently, the reserve has dropped to 357.1 million barrels, the lowest level since January 2024. Experts indicate that at the current release rate, the Strategic Petroleum Reserve is expected to fall below the low point during the Biden administration as early as next week, reaching the lowest level since 1983. Since the outbreak of the current U.S.-Iran conflict, the U.S. has released approximately 58 million barrels of crude oil, accounting for about 14% of the total Strategic Petroleum Reserve. Analysts believe that the continued release of reserves will weaken the U.S.'s ability to respond to sudden supply disruptions, such as those caused by hurricane season. (CCTV)

U.S. Strategic Oil Reserve May Fall to Lowest Level Since 1983

On June 2, Google stated that the demand for AI solutions from businesses and consumers is strong, and the level of AI demand has exceeded the company's current supply capacity.

[Google: AI Demand Exceeds Current Supply Capacity]On June 2, Google stated that the demand for AI solutions from businesses and consumers is strong, and the level of AI demand has exceeded the company's current supply capacity.

Google: AI Demand Exceeds Current Supply Capacity

On June 2, Google's parent company Alphabet announced plans for an $80 billion equity financing, which will be used to expand its AI infrastructure and computing power. Berkshire Hathaway is reportedly set to invest $10 billion through a private placement.

[Google Plans $80 Billion Equity Financing for AI Infrastructure Expansion]On June 2, Google's parent company Alphabet announced plans for an $80 billion equity financing, which will be used to expand its AI infrastructure and computing power. Berkshire Hathaway is reportedly set to invest $10 billion through a private placement.

Google Plans $80 Billion Equity Financing for AI Infrastructure Expansion

On June 2, according to U.S. sources, the Trump administration continued to release large quantities of the U.S. Strategic Petroleum Reserve to alleviate the energy supply crisis caused by the U.S.-Iran conflict and the closure of the Strait of Hormuz. Data released by the U.S. Department of Energy that day showed that the Strategic Petroleum Reserve decreased by 8 million barrels of crude oil last week. This follows reductions of 9.1 million barrels and a record 9.9 million barrels in the previous two weeks. Currently, the Strategic Petroleum Reserve stands at 357.1 million barrels, the lowest level since January 2024. Experts indicate that at the current rate of release, the Strategic Petroleum Reserve could fall below the low point reached during the Biden administration as early as next week, reaching its lowest level since 1983.

[U.S. Strategic Oil Reserve Falls to Lowest Level in Over Two Years]On June 2, according to U.S. sources, the Trump administration continued to release large quantities of the U.S. Strategic Petroleum Reserve to alleviate the energy supply crisis caused by the U.S.-Iran conflict and the closure of the Strait of Hormuz. Data released by the U.S. Department of Energy that day showed that the Strategic Petroleum Reserve decreased by 8 million barrels of crude oil last week. This follows reductions of 9.1 million barrels and a record 9.9 million barrels in the previous two weeks. Currently, the Strategic Petroleum Reserve stands at 357.1 million barrels, the lowest level since January 2024. Experts indicate that at the current rate of release, the Strategic Petroleum Reserve could fall below the low point reached during the Biden administration as early as next week, reaching its lowest level since 1983.

U.S. Strategic Oil Reserve Falls to Lowest Level in Over Two Years

On June 2, local time on the evening of June 1, Israeli Prime Minister Netanyahu confirmed via social media that he had a phone call with U.S. President Trump that evening. During the call, he informed Trump that if Hezbollah continues to attack Israeli cities and civilians, Israel will strike relevant targets located in Beirut, the capital of Lebanon. He stated, 'Our position remains unchanged. Meanwhile, the Israel Defense Forces will continue operations in southern Lebanon as planned.' (CCTV)

[Israeli Prime Minister: IDF Will Continue Operations in Southern Lebanon as Planned]On June 2, local time on the evening of June 1, Israeli Prime Minister Netanyahu confirmed via social media that he had a phone call with U.S. President Trump that evening. During the call, he informed Trump that if Hezbollah continues to attack Israeli cities and civilians, Israel will strike relevant targets located in Beirut, the capital of Lebanon. He stated, 'Our position remains unchanged. Meanwhile, the Israel Defense Forces will continue operations in southern Lebanon as planned.' (CCTV)

Israeli Prime Minister: IDF Will Continue Operations in Southern Lebanon as Planned

All three major U.S. stock indices closed higher, with the Dow Jones Industrial Average rising by 0.09% to 51,078.88 points; the S&P 500 increasing by 0.26% to 7,599.96 points; and the Nasdaq Composite gaining 0.42% to 27,086.81 points.

[U.S. Stock Indices Close Higher]All three major U.S. stock indices closed higher, with the Dow Jones Industrial Average rising by 0.09% to 51,078.88 points; the S&P 500 increasing by 0.26% to 7,599.96 points; and the Nasdaq Composite gaining 0.42% to 27,086.81 points.

U.S. Stock Indices Close Higher

On June 2, local time June 1, the Islamic Revolutionary Guard Corps (IRGC) of Iran announced that in retaliation for an aggressive attack by US forces on Iranian vessels in the Gulf of Oman, the IRGC Navy targeted the vessel 'Sariska,' belonging to US and Israeli forces, using cruise missiles. The IRGC Navy emphasized that any acts of aggression by US forces in the region will be met with a resolute response. The statement did not specify the exact timing of the related actions.

[IRGC Claims Strike on US-Israeli Vessel]On June 2, local time June 1, the Islamic Revolutionary Guard Corps (IRGC) of Iran announced that in retaliation for an aggressive attack by US forces on Iranian vessels in the Gulf of Oman, the IRGC Navy targeted the vessel 'Sariska,' belonging to US and Israeli forces, using cruise missiles. The IRGC Navy emphasized that any acts of aggression by US forces in the region will be met with a resolute response. The statement did not specify the exact timing of the related actions.

IRGC Claims Strike on US-Israeli Vessel

On June 2, the commander of the Quds Force of the Islamic Revolutionary Guard Corps (IRGC), Qani, stated on the 1st that Israel's military actions in Lebanon and Gaza, supported by the United States, will lead to an expansion of support for the 'resistance front' on these two fronts and 'activate' other fronts. The navigation status of the Mandeb Strait will be 'consistent' with that of the Strait of Hormuz. (CCTV News)

[IRGC Indicates Control Over Navigation in the Mandeb Strait]On June 2, the commander of the Quds Force of the Islamic Revolutionary Guard Corps (IRGC), Qani, stated on the 1st that Israel's military actions in Lebanon and Gaza, supported by the United States, will lead to an expansion of support for the 'resistance front' on these two fronts and 'activate' other fronts. The navigation status of the Mandeb Strait will be 'consistent' with that of the Strait of Hormuz. (CCTV News)

IRGC Indicates Control Over Navigation in the Mandeb Strait

HTX data monitoring shows that ETH has fallen below 2000 USDT, currently reported at 1998.91 USDT, with a 24H decline of 1.50%.

【ETH drops below 2000 USDT】HTX data monitoring shows that ETH has fallen below 2000 USDT, currently reported at 1998.91 USDT, with a 24H decline of 1.50%.

ETH drops below 2000 USDT

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Article

Israeli Prime Minister Orders Strikes on Southern Beirut

ETH drops below 2000 USDT

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