Latest Breaking News
Trump Hints at Permanent US-Iran Ceasefire
US President Donald Trump stated a deal with Iran is 'looking very good,' with talks possibly resuming this weekend to extend the ceasefire and reopen the Strait of Hormuz. Mediators focus on Iran's nuclear program, strait access, and war damages compensation.
Gulf and European officials warn a full deal may take months.
Israel-Lebanon 10-Day Ceasefire Takes Effect
Israel and Lebanon began a US-brokered 10-day truce, appearing to hold despite some post-ceasefire shelling reports. Trump confirmed talks with leaders, boosting hopes for broader Middle East de-escalation.
Displaced Lebanese return amid destruction, with over 2,100 killed in Lebanon.
Strait of Hormuz Blockade Fuels Global Energy Crisis
Iran's closure of the Strait of Hormuz worsens energy shortages, with IEA estimating up to two years for oil/gas recovery. France and UK lead talks excluding US to reopen the route; ships use spoofing tactics to evade blockades.
Fighting has killed thousands across region, including 13 US service members.
Asian Stocks Fall Amid Iran Truce Uncertainty
Markets stall as investors await US-Iran ceasefire progress; Asian indices drop despite positive signals. Bank of Israel notes resilience despite shocks; Chinese stocks outperform as risks ebb.
TSMC Reports Strong Earnings Despite Share Drop
TSMC beat Q1 earnings and gave upbeat guidance driven by AI demand, but shares fell over hyperscaler reliance concerns. Japan chip suppliers slip; BofA highlights positive outlook.
Netflix Earnings Miss, CEO Hastings Steps Down
Netflix reported earnings below expectations, leading to CEO Reed Hastings stepping down amid subscriber and revenue shortfalls. Investors react to leadership change in streaming giant.
Australia Secures BP Deal for Fuel Imports
Australia struck a deal with BP to underwrite inflated fuel imports due to Iran war disruptions. Announced amid fire at Viva Energy refinery operating at reduced capacity.
South Korean Tanker Safely Exits Red Sea
A South Korean tanker carrying Saudi crude safely passed through the Red Sea route from Yanbu port. Move highlights ongoing maritime risks amid regional conflicts.
MIT Study: AI Could Replace 11% of US Workforce
An MIT study reveals AI can already replace over 11% of the US workforce, sparking debates on job impacts. Findings underscore rapid AI advancements in labor markets.
Ships Use Deception Tactics in Hormuz Strait
Vessels employ false identities, disabled transponders, and spoofing to defy Hormuz blockades amid supply shocks. US maritime efforts turned back 14 ships; fear of shortages curbs oil demand.
Singapore Non-Oil Exports Rise Fastest Since Oct 2025
Singapore's non-oil domestic exports surged at the fastest pace since October 2025, signaling economic resilience. Data provides positive note amid global trade tensions.
IEA Warns of Prolonged Oil and Gas Recovery
IEA chief Fatih Birol states it could take up to two years to restore war-disrupted oil and gas output. Iran conflict triggers global natural gas shock.