Oil extends losses as a pause in U.S.-Iran hostilities raises de-escalation hopes
Speaking to reporters aboard Air Force One on Monday en route to Michigan, Trump dismissed suggestions that the U.S. was running short on weapons.

Speaking to reporters aboard Air Force One on Monday en route to Michigan, Trump dismissed suggestions that the U.S. was running short on weapons.
The 60-day correlation between the Kospi and Nasdaq 100 recently climbed to about 0.50, its highest level since 2021, according to data provided by Rayliant.
Nvidia had held the top spot as the most valuable company since June 2025, when it took the crown from Microsoft.
South Korean semiconductor shares tumbled on Tuesday, extending a rout in chipmakers after another weak session on Wall Street.
A federal appeals court on Saturday kept the restrictions blocked in 23 states that sued, finding states must prepare for potentially disruptive election changes.
Critics have questioned why Anthropic didn't sign an industry letter last week in support of open-weight models.
Elon Musk's space company has wiped off more than $1.2 trillion in market cap since hitting a high of $225.64 per share in June.
The AI race is heating up so fast this summer that it's reshaping national priorities in the U.S. and China.
Kalshi traders are predicting Warsh will mention last week's supply shock at this week's Federal Reserve press conference.
President Trump Monday voiced support for Federal Reserve Chairman Kevin Warsh while insisting that the U.S. should have the lowest interest rates in the world.
CNBC's Jim Cramer said reports of Nvidia backing OpenAI's data center expansion revived memories of the financing arrangements that preceded the dot-com crash.
Attractive valuations, quick intervention by regulators and a return of foreign investors have helped propel Indonesian stocks reach bull-market status.
Altman will preview the capabilities of the company's upcoming family of AI models and answer questions about cybersecurity and open-weight models.
In a rare occurrence, Modi's government was forced to concede demands of Gen Z protesters, underscoring their rising influence in the country's polity.
This is yet another sign that investors need to look beyond AI stocks.
President Donald Trump said Monday the U.S. has sold more than $13 billion of Venezuelan oil since taking control of the South American nation's energy exports.
Experts say food industry consolidation may be amplifying the cyclospora outbreak, allowing contaminated produce to spread farther.
Netflix's stock price may have lost the plot, but its fundamental narrative remains intact.
Crypto stocks proved some of the top gainers Monday even as the broader market sold off and capital rotated away from chip and AI infrastructure names.
McConnell's office shared a written statement from the senator apologizing for being unable to attend an annual Kentucky picnic and a physician's assessment.
JetBlue is doing away with its "Core" product and putting economy tickets under a new name.
The impact of a gigantic wildfire ravaging France's Bordeaux region and Spain has been like a "clap of thunder" for the local economy, a minister said.
The backstop would let OpenAI raise debt for a data center campus in Pike County, Ohio, on the strength of Nvidia's credit.
Oil prices fell after Iran reportedly said it would suspend attacks as long as a U.S. pause in hostilities remains in place.