Keep pulling the thread on Donald Trump.
Oil prices have reached a four-year high due to President Trump's naval blockade on Iran's ports and consideration of new military strikes.
The Trump administration is maintaining a naval blockade on Iran's ports.
President Trump has stated that any potential deal requires Iran to completely give up its nuclear program.
According to a report from Axios, President Trump is scheduled to meet with the head of U.S. Central Command to discuss new military options against Iran.
Brent crude oil traded as high as $126 a barrel overnight amid rising geopolitical tensions with Iran.
Defense Secretary Pete Hegseth defended the Pentagon's proposed $1.5 trillion budget before the House Armed Services Committee.
The ongoing war with Iran has cost the United States $25 billion so far.
Alphabet projects it will spend up to $190 billion on capital expenditures this year, an increase from its previous estimate of $185 billion.
Anthropic, an AI company backed by Amazon, is reportedly considering a new funding round that could more than double its valuation to $900 billion.
Amazon Web Services reported quarterly sales of $37.6 billion, representing a 28% increase from the previous year.
Meta Platforms raised its full-year capital expenditure forecast to a range of $125 billion to $145 billion, a 7.4% increase from its previous projection.
Microsoft expects sales in its Azure cloud unit to increase by approximately 40% in the current quarter.