A preliminary memorandum between the US and Iran aims to end hostilities, address nuclear concerns, and launch a multibillion-dollar reconstruction plan pending a final agreement.
Despite assertions that Iran did not benefit from oil sanctions relief, decades of US restrictions and recent enforcement actions show Tehran’s oil trade remains a crucial financial lever.
Vice President JD Vance has postponed his departure to Switzerland for the first technical nuclear negotiations with Iran due to unresolved logistical challenges and uncertainties about Iranian participation.
South Korea faces new economic opportunities and supply chain challenges following the US-Iran deal, while preparing to address trade tensions related to US-imposed tariffs.
China’s manufacturing sector hit a critical threshold in May as growth stalled overall, with small and medium enterprises contracting while large firms expanded.
Meta’s sudden departure of a senior product executive signals ongoing challenges as the company pushes to integrate artificial intelligence across its operations and products.
A second drone strike in days hit Moscow’s Gazprom Neft refinery, triggering massive fires and forcing shutdowns at multiple airports, revealing vulnerabilities near Russia’s capital.
Coinbase introduces an AI-powered investment adviser within its app and unveils new tools including tokenized stocks, options trading, and a developer platform.
The US decision to lift its naval blockade and grant Iran a 60-day nuclear negotiating window has unsettled Israel, raising fears over Tehran’s nuclear ambitions and regional stability.
Trump’s initial hardline stance on dismantling Iran’s missile and nuclear programs has softened amid a 60-day ceasefire framework that leaves critical disarmament details unresolved.