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Iran Says Strait of Hormuz Will Stay Closed Until Seven Conditions Are Met
Tehran’s chief negotiator hardens his position as the US calls its blockade “ironclad” and both sides prepare for possible renewed fighting Article:Iran said on Sunday that the Strait of Hormuz will not reopen until seven of its conditions are met, deepening a standoff that has disrupted global oil flows for months. Parliament Speaker Mohammad Baqer…
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Trump’s Top Officials Met at Camp David on Iran War and Yemen as Hegseth Calls Hormuz Blockade “Ironclad”
Vance, Rubio, Hegseth and others held hourslong talks while Trump says the war should end after the midterms. Article:Senior Trump administration officials met at Camp David on Friday for hourslong discussions on the Iran war and the escalating conflict between Yemen’s Iran-backed Houthis and the Saudi-backed Yemeni government, sources familiar told CBS News on Saturday.…
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Tankers Attacked Again in the Strait of Hormuz as the US Reinforces Its Presence Near Iran
A UK maritime agency reports fresh attacks on oil ships while Washington prepares a larger naval force in the region.
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Trump’s $200 Billion South Korea Investment Faces Questions
Washington announced a major South Korean investment package, but Seoul has questioned whether a key Alaska LNG commitment is actually finalized. U.S. President Donald Trump is defending his announcement of a planned $200 billion South Korean investment in the United States after officials in Seoul raised questions about whether a major part of the package…
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U.S. Sanctions Russian Payment Network Over Alleged Iran Links
The United States has imposed sanctions on Russia’s A7 payment network, accusing it of helping Iran circumvent U.S. sanctions as Washington continues to target financial channels connected to Tehran. A7 has denied the allegations, saying its operations involve legitimate transactions. Washington Targets Russia’s Alternative Financial Network The sanctions represent another attempt by Washington to restrict…
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Trump Pressures Europe Over Diesel Reserves
The Trump administration is putting pressure on Europe to release emergency diesel reserves as governments attempt to ease tight global fuel supplies, while the European Union has rejected the possibility of a U.S. diesel export ban. Europe Considers Releasing 50 Million Barrels France has proposed that European Union countries release around 50 million barrels of…
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U.S. Slows Aircraft-Part Exports to China
The United States is slowing exports of aircraft parts to China as the Trump administration seeks additional leverage in negotiations with Beijing, according to people familiar with the matter cited by Reuters. The move places the aviation industry at the center of the latest phase of the U.S.-China trade dispute, linking aircraft supplies to a…
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Euro Falls to 17-Month Low as Europe Faces Energy Pressure
The euro fell below $1.13 against the U.S. dollar on Thursday, reaching its lowest level in 17 months. The decline comes as European markets face a combination of higher energy prices, inflation concerns and political uncertainty. Oil adds pressure Europe’s dependence on imported energy makes higher oil prices an important economic risk. Renewed energy-market pressure…
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AI Is Paying Off, But Most Companies Still Struggle to Scale It
Artificial intelligence is generating financial returns for many companies, but a new study suggests businesses are struggling to move successful AI experiments into large-scale operations. A BearingPoint study found that nearly 75% of companies reported positive financial returns from AI initiatives. Yet only 13% were successfully on track with their broader AI strategies. The AI…
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China Suspends Fuel Exports as Global Oil Markets Tighten
China has suspended exports of oil products to destinations beyond Hong Kong and Macau, adding fresh pressure to global fuel markets already dealing with supply disruptions. The decision was reported by Reuters on Thursday, citing four people briefed on the matter. China tightens fuel exports Chinese refiners have halted exports of oil products until further…