Global markets experience mixed signals as oil prices plunge on Iran peace hopes, tech stocks rally on AI optimism, while geopolitical tensions and regulatory actions create headwinds for specific sectors.

Oil prices tumbled over 20% in May without hitting predicted $200 barrel mark, driven by optimism surrounding potential U.S.-Iran peace deal negotiations, marking the largest monthly decline since 2020.

Pakistan's State Bank foreign exchange reserves increased by $66 million to $17.15 billion as government reduced petrol and diesel prices by Rs22 per litre each, signaling efforts to stabilize domestic fuel costs.

Software stocks, particularly ServiceNow (up 40% in May), led a broader AI-driven rally across S&P 500, with enterprise software companies experiencing relief as AI-related concerns fade from investor focus.

India's central bank reported 52% surge in foreign exchange trading gains to $17.7 billion in FY26, while state-run financial institutions REC and SIDBI prepare floating-rate bond sales ahead of RBI policy decisions.

Space sector cooled significantly as Blue Origin rocket exploded and SpaceX faced valuation reality checks, reversing spectacular gains accumulated during May's broader market rally.

U.S. federal judge temporarily blocked Trump administration's $1.8 billion 'weaponization' fund aimed at compensating victims of alleged government misconduct, creating legal uncertainty around the program.

High-end steak and seafood restaurant chain with 47-year operating history closed 80 locations, indicating broader challenges in premium dining sector amid changing consumer behavior.

Pakistan positioned itself as constructive mediator in U.S.-Iran diplomatic efforts, with Secretary of State Rubio thanking Deputy PM Ishaq Dar for the country's role in ceasefire negotiations affecting global geopolitics and energy markets.