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European leaders are skeptical of President Donald Trump's expectation that the Strait of Hormuz will reopen by Friday.
SpaceX's valuation has exceeded $2.5 trillion, making it one of the world's largest public companies.
US President Donald Trump has promised that the Strait of Hormuz will reopen by the end of the week.
G7 leaders are expected to discuss a framework for demining the Strait of Hormuz, which would require an agreement with Iran.
Officials from the United States and Iran are scheduled to sign an accord in Switzerland on Friday.
The United Kingdom is set to impose new sanctions on Russia, directly targeting its illicit shadow fleet, including several LNG vessels.
Ukraine's ambassador to the White House, Olga Stefanishyna, stated that Russia deliberately attacked a 1,000-year-old cathedral in Kyiv.
The BBC reported that a series of arson attacks targeting UK Prime Minister Keir Starmer last year have been linked to an extensive Russian sabotage campaign.
The Bank of Japan raised its benchmark interest rate by 25 basis points to 1%, a level not seen since 1995.
China's retail sales declined by 0.6% last month compared to a year ago, which was a worse-than-forecast drop.
UBS's chief China economist, Yu Song, warns that China's domestic economy is at risk of a deep slowdown.
According to Vanda Research, retail traders purchased as much SpaceX stock in its first two days of trading as they did across the entire US stock market in the preceding week.