U.S.-Iran peace talks have failed, with both sides rejecting proposals to end the 10-week war, leaving the critical Strait of Hormuz closed and escalating geopolitical risk.
President Trump is set to meet with China's Xi Jinping to discuss a trade framework covering commodities, AI semiconductors, and China's purchases of Iranian oil, signaling a complex mix of negotiation and tension.
The S&P 500 is at an all-time high, driven primarily by an AI-fueled rally, with companies like Alphabet and NVIDIA competing for market dominance and strong earnings expected from the tech sector.
A Hantavirus outbreak linked to a cruise ship has resulted in three deaths and international quarantines, highlighting ongoing global health security risks.
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Concerns Raised
Failure of U.S.-Iran peace talks and continued closure of the Strait of Hormuz.