The U.S. Treasury Department has said Cuba won’t be allowed to take delivery of Russian crude, even as the fuel-starved island appears poised to receive two tankers carrying oil and gas.
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The perks of working in Silicon Valley have long included high salaries. Now, some engineers may be offered a new incentive: artificial intelligence tokens.
Nvidia CEO Jensen Huang on Monday floated a novel compensation model that would give engineers a token budget on top of their base salary, effectively paying them to deploy AI agents as productivity multipliers.
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In an apparent awkward moment at the Oval Office on Thursday stateside, U.S. President Donald Trump referenced Pearl Harbor in his first meeting with Japan’s Prime Minister Sanae Takaichi after her landslide electoral victory.
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Global volatility is threatening a pipeline of multibillion-dollar stock market listings in India, the world’s busiest IPO market.
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Israeli Prime Minister Benjamin Netanyahu said “Iran is being decimated” as the U.S. and Israel target its ballistic missile and nuclear programs from the air.
➡️ But meaningful regime change will require a “ground component,” Netanyahu said, adding that the Iranian people must ultimately “rise to the moment.”
➡️ President Donald Trump, speaking in the Oval Office, said earlier that he would not send U.S. troops to the Middle East.
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France’s finance minister said the country is ready to help secure the Strait of Hormuz but not when missiles and drones are attacking ships in the passage.
➡️ European countries are reluctant to get involved in the U.S. and Israel’s conflict with Iran, seeing it as a war of choice rather than necessity.
➡️ Europe is nonetheless concerned that global food, fertilizer and energy supplies are at risk as a result of the strait being closed, effectively.
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U.S. oil prices extended their decline after Treasury Secretary Scott Bessent said Washington may soon lift sanctions on Iranian crude stored aboard tankers, a move aimed at easing price pressures following Iran’s closure of the Strait of Hormuz.
➡️ Israel says it is helping efforts to reopen the Strait of Hormuz.
➡️ Citi raised its near-term oil forecast as the Iran conflict rattled markets.
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