JUST IN: White House Press Secretary Leavitt stated that Trump received intelligence indicating Iran was 'weeks' away from acquiring a nuclear weapon.

JUST IN: US officials warn of imminent high risk of Iranian retaliation against US forces, while efforts for diplomatic resolution continue.

Key Earnings Calendar

— Monday, June 23
• KB Home (KBH) — after close

— Tuesday, June 24
• FedEx (FDX) — after close
• Carnival (CCL) — before open

— Wednesday, June 25
• Micron (MU) — after close
• Paychex (PAYX), General Mills (GIS), Winnebago (WGO), Jefferies (JEF)

— Thursday, June 26
• Nike (NKE), Walgreens (WBA), McCormick (MKC) — after close

— Friday, June 27
• Final read on May’s PCE inflation and other data (income, spending, sentiment)

JUST IN: President Trump urges for lower oil prices and warns against aiding adversaries. He instructs the US Department of Energy to "Drill, baby, drill" in an effort to combat inflation.

Fed’s Bowman: Rate cut may be on the table

Fed Governor Michelle Bowman says it’s an appropriate time to consider adjusting interest rates.

A cut is possible if inflation keeps easing or the labor market weakens.

JUST IN: Tesla stock, $TSLA, jumps over +10% following the market's response to the Robotaxi launch.

JUST IN: An Iranian political source suggests an imminent attack on US military sites is likely – Iranian media.

Keep watching the market:

Prediction markets now see a massive 92% chance of Iran meeting with the US before July.

This is up sharply from the 47% chance seen just two days ago.

The market continues to price-in a short-lived conflict.

JUST IN: The Trump administration is reportedly getting ready for a potential Iranian attack on US bases in the Gulf, according to Axios.

JUST IN: Iran is reportedly about to launch missiles at US bases, as Axios reports. Iran has allegedly fired six missiles at US bases in Qatar, with explosions being heard in Doha.

JUST IN: UAE has closed its airspace, reports Fox News.

JUST IN: Iran has initiated strikes on Qatar and Iraq.

JUST IN: U.S. aircraft departs from Saudi Arabia air base

JUST IN: Qatar reports intercepting a missile barrage targeting Al Udeid Air Base. There were no incidents or casualties from the attack.

JUST IN: BRENT AND US CRUDE FUTURES DROP OVER $5 AMID VOLATILE TRADING.

JUST IN: Trump opposes further military involvement in the Middle East, reports CNN.

Trump declares a "complete and total ceasefire" between Israel and Iran, naming it "The 12 Day War" now "considered ended."

Berkshire now pays 5% of all U.S. corporate tax

Warren Buffett’s Berkshire Hathaway paid a record $26.8B in corporate taxes — accounting for 5% of the entire U.S. corporate tax bill.