Senior U.S. Administration Official: Each stage of Gaza proposal will take approximately 42 days.

Senior U.S. government official: The new proposal is almost identical to the one put forward by Hamas a few weeks ago.

A senior U.S. government official: A new proposal on Gaza was presented to Hamas on Thursday.

Market news: US Metropolitan Life Insurance Company will seek to reach a deal with European direct lender Hayfin, which may value the bank at more than 1.2 billion euros.

[Five Nordic countries expressed continued support for Ukraine] Leaders of Sweden, Finland, Denmark, Norway and Iceland expressed in Stockholm, the capital of Sweden, on May 31 that the five Nordic countries will continue to provide support to Ukraine. Swedish Prime Minister Kristersson, Finnish President Stubb, Danish Prime Minister Frederiksen, Norwegian Prime Minister Støre, Icelandic Prime Minister Benediktsson and Ukrainian President Zelensky attended the Nordic-Ukraine Summit held in Stockholm on the same day. The summit adopted a joint declaration, emphasizing that Nordic countries will continue to provide civil and military support to Ukraine.

Market news: Pakistani Prime Minister ordered a reduction in gasoline prices by 15.4 rupees per liter.

Google (GOOG.O) fell 0.97% on the day.

[Sweden and Ukraine sign security cooperation agreement] According to the Nordic-Ukrainian summit broadcast, Swedish Prime Minister Kristersson and Zelensky signed a security cooperation agreement. The signing ceremony was held in Sweden, where Zelensky was visiting, and was broadcast on the Ukrainian Presidential Office channel. Earlier, it was reported that Sweden announced that it would provide $1.2 billion in military aid to Ukraine, which is the largest package of military aid currently provided by Sweden.

US President Biden: The Palestinians have endured hell and too many civilians have been killed.

US President Biden: Egypt and Qatar are working to ensure that Hamas does not resume military operations against Israel.

US President Biden: Hamas needs to accept the agreement on the table.

US President Biden: The United States will always ensure that Israel has what it needs to defend itself.

US President Biden: This agreement can help Israel become more integrated into the region, including with Saudi Arabia.

US President Biden: The United States will help reach a solution to the Lebanese border issue.

US President Biden: A comprehensive approach like this will make Israel safer.

US President Biden: Israel faces the risk of being further isolated in the world.

Intercontinental Exchange (ICE): As of the week ending May 28, speculative net long positions in gasoline futures decreased by 11,466 contracts to 42,580 contracts.

US President Biden: I ask the Israelis to step back and think about what would happen if they lose this moment.

US President Biden: I urge Israeli leaders to support this deal despite any pressure.