Hello. Hormuz talks are as Houthi attacks on Saudi Arabia continue. AI-linked after CEOs call for the slowing of development. And Trump calls to fit into the federal budget.
Plus, for adoption of rare blooms.
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Vessels at the Strait of Hormuz, as seen from Musandam, Oman. REUTERS
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- President Donald Trump suggested the United States could stay in Iran and "keep the oil", drawing a parallel with a US push to take control of a fifth of Venezuela's vast oil reserves. Follow our live page for the latest.
- Middle East diplomacy appeared to falter after a meeting between Iran and other Gulf powers was postponed. At the same time, attacks along the region's two most important oil transit routes deepened concerns about global energy supplies.
- The Houthi capture of Yemen's Red Sea coastline is strengthening Iran's hand and confronting Saudi Arabia and its neighbors with a difficult choice: absorb mounting costs or seek accommodation with Tehran.
- Oil prices rose about 3% after new strikes on Saudi Arabian energy and civilian infrastructure and Iranian attacks on ships in the Gulf compounded supply concerns following the closure of a key Saudi oil pipeline.
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- AI-connected stocks fell sharply after the CEOs of the US companies developing the most advanced AI models warned the pace of development must slow to prevent threats to humanity.
- Technology correspondent Deepa Seetharaman tells the Reuters World News podcast what's driving the fears and discusses whether slowing down is even possible.
- A year after shifting production and sourcing out of China to avoid higher US tariffs, some companies are learning that replicating the country's factory ecosystem is not so easy and are bringing manufacturing back.
- Latvia's airBaltic voluntarily filed for protection under Chapter 11 of the US Bankruptcy Code in New York as part of a restructuring to reduce debt as the Iran war piles stress on the airline sector.
- Nigerian billionaire Aliko Dangote launched Africa's largest share sale yet with the initial public offering of his oil refinery, opening up ownership of the plant to retail investors and raising money for its expansion.
- US electric vehicle maker Tesla has established a subsidiary in Vietnam, according to a newly published business registration filing, marking its formal entry into one of Southeast Asia's fastest-growing EV markets.
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Trump speaks at the Republican National Midterm Convention in Dallas, Texas. REUTERS/Evan Vucci
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President Donald Trump said the United States can afford his promise to send $5,000 to every US adult should his Republican Party keep control of Congress in this year's elections.
"I don't know but it's easy if the Republicans win. $5,000 to all adults in the country and we can easily handle that because we're taking in so much money," Trump told reporters when asked if Congress would need to approve the payments, adding that trillions of dollars were coming into the country.
But any such payment would need to be approved by Congress. "Of course, the devil's in the details. We have to figure all that out," House Speaker Mike Johnson, a Louisiana Republican, said.
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Blanche Oguti adopted a Swiss cheese plant from the Barbican Conservatory. REUTERS/Leila Dougan
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London's Barbican Conservatory — a unique tropical escape above the city streets — was transformed into an unlikely adoption center, allowing hundreds of carefully screened "plant parents" to take home cuttings of its rare flora.
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