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Trump says he would not unfreeze Iran's assets before peace deal is done

Trump says sanctions relief and access to frozen assets will come only after a peace deal with Iran, while signalling openness to talks with its leadership

Israel strikes Beirut despite truce, Iranian lawmker threatens to retaliate

Israel's strike on Beirut's outskirts and Iran's retaliation threat have raised fresh doubts over efforts to secure a broader US-Iran peace agreement

Opec+ set for fourth increase in oil output targets since Hormuz closure

Seven core members of Opec+, which groups Opec and allied producers including Russia, have increased their output quotas from April to June by almost 600,000 barrels per day

OpenAI plans ChatGPT 'superapp' overhaul ahead of listing: Report

The changes are part of a broader reorganisation at OpenAI, as it shifts resources to target lucrative enterprise clients and intensify competition with rival Anthropic

Next-gen obesity drug curbs sleep apnea, aids weight loss: Eli Lilly

In a Phase 3 trial, Lilly found a weekly injection of retatrutide reduced moderate-to-severe obstructive sleep apnea severity by 60.6 per cent in adults with obesity

Dexcom's glucose monitor use benefits non-insulin diabetic patients: Study

Participants using the Dexcom G7 saw an average 1.6% reduction in their blood sugar levels at 26 weeks, a 0.9% greater reduction than those who used self-monitoring

US likely to use Iranian assets to help Gulf allies recover from war

US Treasury Secretary Scott Bessent has also directed a team to assess costs for damage already inflicted on Gulf allies by Iran

Demand, fares may support H2 cash flow despite fuel shock: Alaska Air

Chief Financial Officer Shane Tackett said fuel markets had become less volatile in recent weeks, but prices were still moving by about 5% over a couple of days

US hits Iranian radar sites after drones target shipping near Hormuz

Iran fired ​seven ballistic ​missiles toward Kuwait and Bahrain ​hours after Centcom shot down four Iranian one-way attack drones that were launched toward ​the Strait of Hormuz

US energy firms benefit from Strait of Hormuz closure: Rosneft CEO Sechin

Iran blockaded ‌the Strait, the main route for about a ​fifth of world oil supplies and other ​vital goods including fertilisers, after the United States and Israel attacked Iran in February

US military downs four Iranian drones launched toward Strait of Hormuz

US Central Command said it hit the radar sites, including an island in the strait, 'to defend against further attacks'

Nasdaq drops 4.2% as rate hike fears, West Asia conflict hit stocks

On Wall Street, all three indexes ended lower, led by a selloff in technology shares, including AI chipmaker Nvidia

Netflix names longtime director Jay Hoag chairman after Reed Hastings' exit

The streaming ​platform announced the move in an SEC filing on Friday, saying Hoag assumed the role following its annual shareholders meeting on June 4

SpaceX lands major AI deal with Google after Anthropic win ahead of IPO

The pact brings another high-profile customer to SpaceX, after Anthropic, strengthening its AI narrative as it targets a $75 billion raise in its upcoming initial public offering

NASA reverses evacuation alert order for astronauts aboard space station

NASA ordered ISS astronauts to prepare for evacuation after an air leak worsened in Russia's Zvezda module, before later lifting the alert

Iran declares support for Hezbollah with wider peace deal in doubt

Tehran links any US-brokered peace deal to a Hezbollah-Israel ceasefire and Israeli withdrawal from southern Lebanon, complicating regional truce efforts

Anthropic urges AI labs to pause development, warns of risks

Anthropic has urged leading AI firms to consider a coordinated pause in development, warning that self-improving AI could outpace society's ability to manage risks

ICICI Prudential AMC caps gold ETF subscriptions amid demand surge

The company said it will not accept direct subscriptions of more than 250 million rupees ($2.63 million) in the ETF until further notice

Trump's lawyers sought to halt discovery in $10 billion BBC lawsuit

Trump has accused the BBC of defaming him by splicing together parts of a January 6, 2021, speech to make it appear that he directed supporters to storm the US ‌Capitol

Oman suspends oil loading at Mina al Fahal terminal after drone attack

The explosion occurred between single-buoy mooring (SBM) 1 and 2 berths due to an alleged drone attack