BREAKING: The US Military has conducted new strikes in the area of the Strait of Hormuz, per Axios.
This would mark the first US strikes in the region since the “Memorandum of Understanding” was signed.
BREAKING: The US has issued Iran a general oil-related license allowing the production, delivery, and sale of Iranian-origin oil, petrochemical, and petroleum products through August 21st.
Iranian oil is officially returning to global markets for the first time since 2018.
BREAKING: Pakistan's Prime Minister announces that the US and Iran have officially reached a peace deal and the official signing will take place on June 19th in Switzerland.
"Both sides have declared the immediate and permanent termination of military operations on all fronts, including in Lebanon," he says.
BREAKING: President Trump says that Iran's Supreme Leader has approved a deal between the US and Iran and a signing is "coming soon."
Details of the deal per President Trump:
1. US Naval blockade is lifted once the deal is signed
2. Memorandum of Understanding has been approved by "everyone in Iran"
3. Kharg Island operation by US Military is now "off the table"
4. Formal Strait of Hormuz reopening deal expected by as early as Saturday or Monday
5. Trump declines to set a deadline for the deal, calling Iran "rational and confident" that a deal will be reached
US oil prices extend losses on the news.
BREAKING: Iran announces it is ending all negotiations with the US and vows to "completely" block the Strait of Hormuz, per CNBC.
Iran says it is ending negotiations due to repeated ceasefire violations including Israeli strikes in Lebanon.
Iran also threatens to block the Bab el-Mandeb Strait.
BREAKING: Iran’s President Pezeshkian has submitted an official letter of resignation to the Office of the Supreme Leader, per Iran International.
In the letter, Pezeshkian stressed that the president and the government have effectively been excluded from major decision-making processes in the country and the IRGC has taken control of affairs.
Pezeshkian added that under such circumstances he is unable to run the government and carry out his legal responsibilities, and for that reason has requested to step down immediately.
It is not yet clear whether Supreme Leader Khamenei will accept the president's resignation.
BREAKING: President Trump says an agreement with Iran has been “largely negotiated” and will be announced shortly.
Trump says the Strait of Hormuz will be reopened under the agreement.
BREAKING: The final draft of the US-Iran agreement has been reached with the mediation of Pakistan, which is expected to be announced within the next few hours, per Iranian State media.
NVIDIA, $NVDA, EARNINGS SUMMARY:
1. Record quarterly revenue of $81.6 billion, above expectations
2. Q1 adjusted EPS of $1.87, above expectations
3. Q2 revenue guidance of $89.2 billion to $92.8 billion, above expectations
4. New $80 billion share buyback authorization
5. Increase in dividend from $0.01/share to $0.25/share
6. Total revenue growth of +1,035% over the last 3 years
Once again, Nvidia has crushed just about every expectation possible.
The AI Revolution is on fire.
The crypto market structure bill has PASSED the Senate Banking Committee with a bi-partisan vote!
Historic day for crypto and for the future of digital assets in America. Grateful for the countless hours from lawmakers and staff to strengthen this legislation. Big improvement from where we were in January on rewards, tokenization, DeFi, and CFTC authority. I'm proud we stood up for our customers in that moment, and the bill is better because of it.
Looking forward to a bipartisan law that cements the US as the world's crypto capital. Let's get CLARITY done.
The Senate Banking Committee is putting in the work as it moves the Clarity Act forward… incredible leadership!
Millions of Americans are already in this market. Ripple stands behind this bill because they deserve the same rules and protections as every other asset class. If the largest economy in the world is going to lead on crypto - and it must - this is the moment. Let's get it done!