Oil prices fall as Trump tries to convince market an Iran deal is close despite recent violence
President Donald Trump has repeatedly said a deal with Tehran to reopen Hormuz is close, but such an agreement still has not materialized.

President Donald Trump has repeatedly said a deal with Tehran to reopen Hormuz is close, but such an agreement still has not materialized.
Home sales rebounded in May as mortgage rates dropped back a bit in April, but prices are still rising.
JPMorgan Chase's move suggests long-running AI agents are close to clearing the security and governance hurdles that have slowed adoption inside big companies.
The year has been a rocky one for the flagship cryptocurrency, but traders aren't backing away from the space.
Texas Agriculture Commissioner Sid Miller lost his bid for a fourth term in a March Republican primary, despite Trump's endorsement.
Airline CEOs met in Rio de Janeiro at IATA, the International Air Transport Association's annual meeting.
The deal marks a bold experiment in the wealth management industry that could shift the balance of power from advisory firms to wealthy groups of investors.
Nvidia challenger D-Matrix is entering full production of an AI chip it says is 10 times faster than a GPU and bypasses the memory shortage.
The deal comes at a time of biotech dealmaking frenzy, driven by looming patent cliffs, newly buoyant public markets and drugmakers' race to bolster pipelines.
The R2 SUV is meant to transform Rivian from a niche EV manufacturer that sells luxury vehicles into a more mainstream brand like U.S. EV leader Tesla.
In an exclusive CNBC survey, 81% of respondents said the cost of living is their biggest financial hurdle to achieving the American Dream.
Thoma Bravo founder Orlando Bravo says AI offers an "enormous tailwind" for software companies.
Perplexity CEO Aravind Srinivas' comments come after AI giant Anthropic confidentially filed to go public.
Vinted is seeing a structural shift in consumer behaviour as habits form around the resale economy, its marketplace CEO told CNBC.
Apple's artificial intelligence strategy took center stage at its Worldwide Developers Conference in Cupertino, Calif.
U.S. stocks are set for a higher open as oil prices decline. Plus, the SpaceX IPO is heating up.
Ending forced labor is a goal most countries around the world have but few actually have success, including the U.S. Can Trump's tariffs change that?
Airline CEOs complained that manufacturers aren't making enough of their engines and that they're falling short on reliability.
Trump had imposed the $100,000 fee in order to restrict the program, arguing that it has undermined U.S. security through the "replacement of American workers."
CNBC's Jim Cramer said that he's becoming more cautious on stocks after several pillars of his bullish outlook have come under pressure.
Prime Minister Narendra Modi faces his biggest test as India's appeal as the world's fastest-growing economy dims for global investors.
OpenAI's confidential filing lands days before SpaceX is set to go public and a week after Anthropic announced its confidential disclosure with the SEC.
Companies see a commercial opportunity in creating new ways to administer drugs to patients – in space.
The Pentagon briefly posted a similar expanded list in February, then withdrew it without explanation before Trump's China trip.