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Iran Closes Strait of Hormuz to Foreign Vessels Indefinitely
Iran's state broadcaster reports the Strait of Hormuz will remain closed to foreign ships until further notice, blocking entry or exit through the strategic waterway.
Trump Heads to G7 Summit Amid Progress on Iran Deal
U.S. officials report significant progress on a potential Iran deal as President Trump travels to the G7 summit in France. The June 15–17 meeting in Évian-les-Bains will also focus on Middle East security, trade, and Ukraine.
Global Indices Gain Modestly; US Oil Falls 2.5%
Major stock indices posted modest gains over the weekend while crude oil declined over 2.5%, led by a 2% rise in a SPACEX-linked benchmark.
Iran Official: US to Release $25B in Frozen Assets Under Draft Deal
A senior Iranian official told Reuters that a draft memorandum would see the US release $25 billion in frozen Iranian assets through cash transfers, regional cooperation, and credit lines.
SpaceX Seeks $75B in Share Sale, Valued at $1.77 Trillion
SpaceX plans to raise $75 billion by selling 555.6 million shares at $135 each, according to an SEC filing. The deal values the rocket company at $1.77 trillion, making it the seventh most valuable U.S. firm, ahead of Tesla.
Strait of Hormuz Expected to Reopen After Agreement; Vance and Ghalibaf to Attend Signing
U.S. Vice President JD Vance and Iranian Parliament Speaker Ghalibaf are expected to attend a signing ceremony, after which the Strait of Hormuz would reopen to shipping without anchoring restrictions and the blockade on Iranian ports would be lifted.
Iran Yet to Decide on Proposed Memorandum of Understanding: Report
Iran has not announced a final decision on a proposed memorandum of understanding, according to a report by IRGC-affiliated Fars News citing an informed source close to the negotiating team.
Qatari Envoys in Tehran for Final Push on US-Iran Peace Deal
Qatari negotiators arrived in Tehran on Sunday as part of the final diplomatic effort to secure a peace agreement between the US and Iran, with Qatar, Pakistan, Turkey, and Egypt acting as mediators.
Draft US-Iran MOU Outlines Mutual Concessions, Excludes Israel
A leaked draft Memorandum of Understanding between the US and Iran proposes a framework for mutual concessions, including Iran halting weapons development and reopening the Strait of Hormuz, while the US offers temporary sanctions relief and lifts the blockade. Israel is excluded from the draft.
Draft US-Iran MOU Details Nuclear, Sanctions, and Regional Terms
A leaked draft Memorandum of Understanding between the US and Iran outlines key concessions on nuclear activity, sanctions relief, frozen assets, and regional military posture, with several provisions benefiting Iran.
Israeli President Herzog Thanks Trump for Iran Stance
Israeli President Isaac Herzog thanked U.S. President Donald Trump for his leadership against Iran, calling it an 'empire of evil,' and for efforts to secure the release of Israeli hostages.
Kayhan Columnist Questions Iran Officials on Abandoning 'Decisive' Economic Tool
An Iranian newspaper columnist has asked top officials why they are giving up a tool that had brought enemies to the brink of economic collapse.
Iranian Editor Questions Reopening of Strait of Hormuz
Hossein Shariatmadari, editor of Iran's hardline Kayhan newspaper, criticized senior officials for agreeing to reopen the Strait of Hormuz, arguing that Tehran is giving up a key strategic lever without securing meaningful concessions.
Rubio Defends US Strikes in Strait of Hormuz After Indian Mariners Killed
US Secretary of State Marco Rubio defended Washington's military action in the Strait of Hormuz following protests from India over the deaths of three Indian mariners.
UK PM Starmer to Meet Japan's Takaichi Amid Fighter Jet Program Doubts
British Prime Minister Keir Starmer will meet Japanese counterpart Sanae Takaichi on Sunday as concerns grow over the UK's commitment to a joint fighter jet project with Japan and Italy.
Indonesia Aims to Be Tech Developer, Not Just Market, Says ITS Rector
The rector of the Sepuluh Nopember Institute of Technology stated that Indonesia does not want to remain merely a consumer of foreign technology.
Power Outage and SMS Disruptions Hit Herzliya
A power outage and disruption to the electricity company’s SMS notification system have been reported in Herzliya, leaving residents without timely updates.
South Korea Stocks Hit by $69B Forced Selling Wave
A structural wave of forced selling is deepening the slump in South Korean equities, with funds dumping an estimated $69 billion since October 2025.
Iran's Isfahan Province Announces Planned Controlled Explosions
Authorities in Isfahan, Iran, have informed residents about planned explosion sounds in the Zardanjan area on Sunday morning, emphasizing there is no cause for alarm.
Tulsi Gabbard Releases Intelligence on U.S.-Backed Biolabs in 30+ Countries
Tulsi Gabbard has disclosed intelligence detailing U.S. funding for over 120 biological research labs in more than 30 countries, including Ukraine.
US Small Business Hiring Plans Hit Lowest Since May 2020
Only 9% of small business owners plan to hire in the next three months, the weakest reading since May 2020 and well below the historical average, signaling a softening labor market.
US Warns India on Strait of Hormuz Compliance, Oil Shipments
The US State Department has ordered all commercial vessels in the Strait of Hormuz to comply with US directives, warning India against any blockade violations or Iranian oil shipments.
Iranian Banks Hit by Widespread Mobile Banking and ATM Outages
Multiple Iranian banks report disruptions to mobile banking, ATMs, card services, and point-of-sale networks, impacting digital payments across parts of the country amid ongoing connectivity issues.
Ships Avoid Iranian Waters in Strait of Hormuz, Use Omani Routes
Maritime data shows no commercial vessels used Iranian traffic lanes in the Strait of Hormuz over the past 24 hours, instead routing through Omani channels amid ongoing safety concerns.