Monica Ricks

U.S.

Central Command said early this morning that it downed two more Iranian attack drones that threatened international maritime traffic in the Strait of Hormuz.

Meantime, one of the sticking points in negotiations has been the fate of billions of dollars of frozen Iranian assets, which the U.S.

could now steer towards helping allies in the Persian Gulf rebuild from damage inflicted by this conflict.

Bloomberg's Abir Abu Omar has more from Dubai.

To some varying degrees, the Gulf countries, there are six of them, they will respond differently, right?

And bear in mind that these are incredibly rich countries with so much buffers in their reserves.

And so there's a question of do they really need it?

That's Bloomberg's Abeer Abu Omar on Bloomberg this weekend.

She says the $24 billion in frozen assets has been a major concession for Iran in its peace talks with the U.S.

Major OPEC Plus members have agreed to another modest increase to their oil output quotas for July, but it's mostly symbolic today since exports have been largely blocked from getting through the Strait of Hormuz.

Members raised collective targets by 188,000 barrels a day next month.

Aviation leaders are meeting in Brazil this weekend and signaling clear skies when it comes to travel demand this summer, despite a jet fuel supply crunch and higher fares.

United Airlines CEO Scott Kirby.

Meantime, Delta and JetBlue say their customers are eager to splurge on premium travel.

Here's Bloomberg's Ed Kalecki.

Iran's soccer team has arrived in Mexico for training ahead of the World Cup.

Their training base was originally in Arizona, but got moved to Mexico over visa issues stemming from the war.

All of their games are scheduled to be in the U.S.

starting next week.