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Oil Rockets Past $101 as US-Iran Fire Exchange Cracks Hormuz Ceasefire |
Oil resumed its sharp rally Friday after the U.S. and Iran exchanged fire in the Strait of Hormuz for the first time since their April ceasefire — pushing Brent crude to $101.26 and WTI to $95.64. Markets that had rallied all week on peace deal optimism quickly reversed. Trump called the U.S. strikes a "love tap" but warned of far harder action if Iran refuses a nuclear deal. ANZ analysts warned oil will stay volatile until a deal is signed. Citi expects broader markets to stabilize — but cautions the road won't be smooth. |
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14 Times Bigger Than The SpaceX IPO |
Forget about SpaceX… Elon Musk is up to something much bigger… A virtually brand-new company… Built from the ground up. And it could be worth over $25 trillion. That's 14 times bigger than SpaceX. |
Click here to find out how you can claim a stake in Elon's secret IPO, today. |
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US and Iran Trade Fire in the Hormuz Strait — Ceasefire Hangs by a Thread |
The U.S. military intercepted "unprovoked" Iranian attacks on three Navy destroyers in the Strait of Hormuz on Thursday, then struck Iranian military targets in response — the most serious challenge yet to the month-old ceasefire. Iran accused the U.S. of hitting two ships and civilian areas near Qeshm Island. The UAE activated its air defenses as Iranian strikes hit near Fujairah port. Trump insisted the truce still held, warning Iran would face a far heavier response if peace talks fail. Pakistan-mediated negotiations continue; Tehran says it is reviewing a U.S. peace proposal. |
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Google Races OpenAI to Lock Up PE-Backed Firms With Gemini Licensing Deals |
Google's parent Alphabet is in confidential talks with private equity giants Blackstone, KKR, and Sweden's EQT to secure bulk licensing deals — giving each firm's entire portfolio of companies direct access to Google's Gemini AI models under a single agreement. The approach is a deliberate contrast to OpenAI's $10 billion "Deployment Company" and Anthropic's $1.5 billion consulting joint venture, which both embed AI teams inside businesses. Google is betting on licensing scale over services margin, positioning Gemini as the fastest route to AI adoption across hundreds of mid-market and large-cap companies. No deals have been finalized. |
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