The memorandum of understanding aims to conclude hostilities, with formal signing expected Friday in Geneva. US President Donald Trump and Iranian President Masoud Pezeshkian signed a memorandum of understanding to end the US-Israel war on Iran, according to a late Wednesd
Nearly all Japanese firms surveyed express concern over oil procurement despite a ceasefire, with delays in strait reopening extending supply risks. Japan’s refining sector remains highly vulnerable due to its 94% reliance on Middle East crude, with 93% of those imports tr
Iran regards Israeli attacks on Lebanon as breach of commitments Iran has set a condition for the deal, stating that Israeli attacks on Lebanon would be considered a breach of commitments. The Iranian Foreign Ministry has made it clear that such actions would have
The agreement reduces immediate conflict risk but leaves structural costs and geopolitical tensions intact for crude markets. Iran and the U.S. have signed a memorandum of understanding, electronically finalized by both presidents, easing short-term escalation fears. The d
Gaming groups argue CFTC lacks authority over sports betting, citing $1.08 billion in lost state tax revenue from prediction markets. The American Gaming Association and other industry groups urged Congress to ban prediction markets from sports betting under the CLARITY Ac
The memorandum includes a $300bn investment agreement and new transit fees for Hormuz Strait traffic, reshaping regional trade dynamics. Iran and the US have digitally signed a memorandum of understanding, including a $300bn investment deal, without a physical ceremony in
Kentucky files lawsuit against Kalshi and Polymarket, challenging federal oversight of prediction markets favored by Trump. Kentucky has sued prediction market platforms Kalshi and Polymarket, alleging illegal sports betting without state licenses. The move pits the Republ
President Trump halts the nomination of his pick for Director of National Intelligence amid Senate delays. The Senate delayed the confirmation hearing for Jay Clayton, President Trump’s nominee for Director of National Intelligence. The postponement follows a social media
Regulatory approval from China advances the $110 billion merger between Paramount Skydance and Warner Bros. Discovery. Paramount Skydance's $110 billion acquisition of Warner Bros. Discovery has secured regulatory approval from China. The decision follows earlier clearance
Tehran announces permanent changes to Hormuz transit rules, introducing tolls on oil shipments and securing $300bn in reconstruction funding. Iran will levy transit fees on vessels passing through the Strait of Hormuz, introducing a structural cost to the world’s busiest o
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