US, Iran Explore Deal to Reopen Hormuz, Saudi Oil Exports Hit War-Time High
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The US and Iran are said to be exploring a phased deal to reopen the Strait of Hormuz as diplomatic efforts gain momentum, though negotiations have broken down several times before. Oil turns lower and bonds stabilize, while Saudi crude shipments surge and the kingdom’s oil exports hit a war-time high above 5 million barrels a day, even as flows face risks from Hormuz and the Red Sea. Global bond markets remain under pressure, with the US 30-year yield reaching its highest level since 2004 as investors weigh rising yields and expectations for a potential Federal Reserve rate hike. Wall Street confronts a “new normal” of 5% yields, increasing pressure on consumers and companies. President Donald Trump and Xi Jinping tackle AI and Taiwan at their White House summit. Xi says the US and China should explore new ways to get along and can complement each other, while pushing Trump to oppose Taiwan independence. The leaders also discuss AI, as two pandas prepare to arrive at Atlanta Zoo. Trum
Tags: Africa, Anthony Dipaola, Anthropic PBC, Benjamin Netanyahu, Bloomberg, Bloomberg News, Bloomberg TV, Bloomberg Television, China, Donald Trump, Economy, Iran, Israel, Jennifer Zabasajja, Middle East, Mideast, Oil, Oracle Corp., Saudi Arabia, Stephen Engle
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