Keep pulling the thread on Iran Reach Hormuz Deal.
Following the news of a potential U.S.-Iran deal, West Texas Intermediate crude oil prices fell 5.1% to $80.53 a barrel, while Brent crude dropped 4.6% to $83.26 a barrel.
Nvidia is set to raise $25 billion from an investment-grade bond sale.
The United States and Iran have reached a memorandum of understanding to extend their ceasefire and begin negotiations on Iran's nuclear program over the next 60 days.
President Trump expects the Strait of Hormuz to be fully reopened by Friday, coinciding with the formal signing of the memorandum of understanding with Iran.
The U.S. Strategic Petroleum Reserve has reached its lowest level in 43 years due to drawdowns by the Trump administration to manage gasoline prices.
A potential agreement between the U.S. and Iran could include a $300 billion fund for Iran to use for rebuilding the country.
Fox Corp has agreed to acquire Roku in a deal valuing the streaming platform at approximately $22 billion, including debt.
The Trump administration issued an export control on Anthropic's Fable 5 model due to concerns it could be jailbroken by other countries.
Bob McNally predicts Brent crude prices could surpass $100 per barrel in July and August due to deep inventory draws and high seasonal demand.
Russia is experiencing a military attrition rate of approximately 30,000 troops killed or injured each month in the conflict with Ukraine.
Ukraine now domestically manufactures at least 70% of its own munitions.
Jeannie Shandzaino asserts that the current memorandum of understanding with Iran does not address any of President Trump's four original stated goals: eliminating Iran's nuclear program, missile program, terrorist proxies, or achieving regime change.