Contradictory accounts emerge after US intercepts Iranian drones and strikes a ground station in the Strait of Hormuz. The US and Iran provided conflicting narratives of a confrontation in the Strait of Hormuz, a critical oil transit route. A US official stated that four I
Iran conflict inflation may last beyond resolution The European Central Bank's Chief Economist warned that inflation from the Iran conflict could persist well beyond any resolution. This is due to second-round effects, supply chain repositioning, and non-linear pri
Beijing continues restricting rare earth exports to the U.S. despite recent trade talks and multibillion-dollar deals secured during Trump’s visit. China has sustained restrictions on rare earth exports to the U.S. following President Donald Trump’s summit with Chinese lea
Military action in Iran triggers supply concerns, lifting WTI crude prices nearly 1% amid geopolitical tensions in the Strait of Hormuz. The US military conducted strikes on an Iranian military site, citing threats to US forces and commercial shipping in the Strait of Horm
Revenue rose 13.3% year over year to $11.13 billion Salesforce delivered better-than-expected quarterly results, with revenue rising 13.3% year over year to $11.13 billion. Adjusted earnings per share totaled $3.87, beating the consensus estimate by 76 cents.
Former President Trump asserts his policies boosted cryptocurrency markets as broader equities hit record highs on geopolitical optimism. Former President Donald Trump stated in a social media post that his administration's actions saved the cryptocurrency sector, coincidi
Tehran insists on sanctions removal and uranium rights, rejecting U.S. sequencing demands in deadlocked negotiations. Iran has reaffirmed its four non-negotiable demands in nuclear talks, maintaining its stance on uranium enrichment rights, possession of enriched material,
Thailand accelerates talks with US LNG suppliers after Qatar force majeure halts shipments through the Strait of Hormuz until mid-August. Thailand is advancing negotiations with US liquefied natural gas (LNG) suppliers to secure long-term supply amid disruptions from the M
The media company refinances debt with $15 billion in investment-grade loans before its planned acquisition by Paramount Skydance. Warner Bros. Discovery priced $15 billion in investment-grade loans to refinance debt ahead of its sale to Paramount Skydance. The deal includ
Prediction markets now assign a 38% chance of normal traffic flows resuming by July 1, down from earlier expectations. Traders on prediction platform Kalshi have reduced the probability of the Strait of Hormuz returning to prewar traffic levels by July 1 to 38%. This follo
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