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The draft version of the Iran-U.S. memorandum of understanding includes a commitment from the U.S. to lift oil sanctions and a commitment from Iran to reopen the Strait of Hormuz within 30 days, Iranian state media reported Friday.The 14-point document dictates that final negotiations will not begin until the release of half of Iran’s frozen funds, the suspension of Iran’s oil sanctions, and the lifting of the naval blockade, the Mehr News Agency reported.All American forces would need to withdraw from Iran, and the U.S. and its allies, would need to present reconstruction plans for Iran worth at least $300…
Commercial ship traffic through the Strait of Hormuz should quickly increase if the U.S. and Iran reach a stable agreement that improves security in the strategic sea lane, the CEO of a leading oil tanker company told CNBC.”I’m actually very optimistic the minute the tide turns and the U.S. and Iran have found some sort of agreement, at least not to attack shipping, that those transits are going to resume pretty quickly,” said Lars Barstad, CEO of the publicly traded tanker company Frontline, in an interview this week. Headquartered in Cyprus, Frontline has a fleet of 80 vessels that transport…
European stocks rally as oil falls on hopes for US-Iran deal Source link
SpaceX founder Elon Musk addresses members of the media during a press conference announcing new developments of the Crew Dragon reusable spacecraft, at SpaceX headquarters in Hawthorne, California on October 10, 2019. Philip Pacheco | Afp | Getty ImagesAs he gears up to take SpaceX public in the largest IPO on record, CEO Elon Musk on Thursday spoke to employees of ASML, Europe’s most valuable company, underscoring the importance of chip manufacturing to his two main businesses.As the sole provider of a crucial advanced chipmaking machine, ASML will be a likely supplier for Musk’s massive chip fabrication plant in Texas…
The contraction in April comes after the economy saw stronger than expected growth in March. Source link
Gold bars are displayed in a photo illustration, reflecting recent movements in gold prices driven by inflation concerns and central bank policy outlooks in Brussels, Belgium, on December 23, 2025. (Photo by Jonathan Raa/NurPhoto via Getty Images)Nurphoto | Nurphoto | Getty ImagesGold fell to a fresh six-month low on Thursday as investors dump the once-hot trade on growing concern that higher inflation will force the Federal Reserve into possibly raising rates later this year, or at least keep them steady.But there are also other factors at play.August gold futures touched $4,046.20 an ounce on Thursday, their lowest level since November.…
Exclusive-Nvidia begins Vera CPU sales pitch to Chinese clients, sources say Source link
Comparing three window corners, from hardest to softest. On the bottom of the stack is macOS 15 Sequoia; on the top of the stack is the rounded macOS 26 Tahoe styling. The new corners in macOS 27 Golden Gate split the difference. Credit: Andrew Cunningham Comparing three window corners, from hardest to softest. On the bottom of the stack is macOS 15 Sequoia; on the top of the stack is the rounded macOS 26 Tahoe styling. The new corners in macOS 27 Golden Gate split the difference. Credit: Andrew Cunningham Golden Gate also removes most of the little SF Symbols…
Commuters on April 20, 2026 in London, United Kingdom.Rasid Necati Aslim | Anadolu | Getty ImagesThe U.K. economy shrank by 0.1% in the month to April, figures published on Friday showed, as the impacts of the Iran war continue to hamper growth. A 0.2% contraction in services activity was cited as the main driver of the negative growth, with officials saying it had been partly offset by a 0.1% rise in construction output. Production output showed zero growth for the month. Economists polled by Reuters had been expecting the British economy to contract by 0.1% month-on-month. April’s print followed growth…
Protesters gather with banners and placards outside the offices of Google Deepmind at a protest organized by PauseAI UK and other groups concerned in controlling the development of advanced Artificial Intelligence systems, in London on February 28, 2026. (Photo by JUSTIN TALLIS / AFP via Getty Images)Justin Tallis | Afp | Getty ImagesWith college graduates jeering mentions of artificial intelligence at commencement speeches, and voices as disparate as the Pope and technology giant Anthropic warning of the risks of unmitigated AI development, public sentiment toward the technology has sobered considerably since its early euphoria.Yet despite mounting public backlash, global AI…
