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This frame taken from AFPTV video footage on July 12, 2026, shows a cargo ship anchored in Khor Fakkan, near the Strait of Hormuz, off the east coast of the United Arab Emirates.- | AFP | Getty ImagesIran has responded to new U.S. attacks by launching attacks on U.S. military bases in the Gulf, deepening the conflict over the strategically important Strait of Hormuz. The exchange casts further doubt on the future of the interim peace agreement signed last month. The agreement was intended to reopen the Strait of Hormuz and pave the way for 60 days of negotiations to…
SK Hynix billboard during its initial public offering (IPO) on the Nasdaq Market site on Friday, July 10, 2026 in New York, USA.Michael Nagle | Bloomberg | Getty ImagesHello, this is Leonie Kidd from London. Concerns surrounding semiconductor stocks are a persistent market trend. This week, they will start on the back foot once again, with South Korea’s SK Hynix in the lead. It remains to be seen whether this is simply profit-taking or a sign of growing concerns about AI trade. What you need to know todaySouth Korea’s huge loss Kospi The circuit breaker was activated, halting trading. This…
It was a volatile weekend in the Middle East. The escalation between the United States and Iran comes as the two countries near the halfway point of a 60-day period to negotiate the final terms of the deal following their initial agreement in June. What happened over the weekend: Iranian Foreign Minister Abbas Araghchi traveled to Muscat to meet with his Omani counterpart as mediators scramble to revive diplomacy. Oman is drafting a preliminary plan to manage traffic in the Strait of Hormuz through two routes that will be managed separately, officials said. Hours later, Iran’s Islamic Revolutionary Guards Corps…
Taiwan Semiconductor Manufacturing (TSMC) sign on the floor of the New York Stock Exchange (NYSE) on Friday, January 2, 2026 in New York, USA. Michael Nagle | Bloomberg | Getty ImagesTaiwan Semiconductor Manufacturing Co., Ltd.. reported on Monday that June sales rose 67.9% from the same period last year, ahead of its second-quarter earnings release later this week.TSMC’s total revenue for the first half of 2026 reached NT$2.4 trillion ($74.99 billion), an increase of 35.6% compared to the same period in 2025. TSMC reported June revenue of NT$442.68 billion, an increase of 6.2% month-on-month.Shares of the Taiwanese semiconductor giant were…
Amanuel wakes up every day not knowing if it will be his last. A knock on the cell door could mean time is up. No goodbye phone call, no last meal. Executions in Saudi Arabia often occur without prior notice. “I’m walking like a dead man,” he says. “Since my friends were executed, I haven’t eaten food or drank water.” Amanuel is the pen name of a young prisoner who has been imprisoned for several years. CNN obtained his testimony from inside Khamis Mushait prison in southwestern Saudi Arabia. CNN is not naming him for its own protection. Human rights…
A digital map created by Helmut Schmidt University’s Hybrid Intelligence Department shows the locations of conflict and disruption in the Strait of Hormuz in April, including the downing of a US military F-15E Strike Eagle plane during the launch of the Resilia Innohub innovation hub in Berlin, Germany, on May 27, 2026. Sean Gallup Getty ImagesHello, my name is Hui Jie from Singapore. Welcome to another edition of CNBC’s Daily Open.From SK Hynix’s U.S. listing to AI executives predicting demand will be “almost unlimited” to employees saying AI wealth should be shared more equitably, the tech industry remains a hot…
A sign at the SK Hynix Inc. office in Seongnam, South Korea, Tuesday, June 30, 2026. Cho Sung Joon | Bloomberg | Getty ImagesSK Hynix shares fell more than 10% in the Seoul market on Monday after the company’s strong debut on the Nasdaq market on Friday, as investors considered taking profits and whether surging demand for artificial intelligence memory chips justified a sharp rise in the stock price.Korean memory chip manufacturers It soared 13% in its Wall Street debut on Friday, reflecting strong U.S. investor appetite for AI-related semiconductor stocks. Monday’s decline reflected a mix of profit-taking and uncertainty…
The United States has announced another early morning attack on Iran, as both countries continue to fight for control of the Strait of Hormuz.The US Central Command, which oversees military operations in the region, suggested on Sunday that the salvo was aimed at weakening Iran’s offensive capabilities.Recommended stories list of 3 itemsend of listHe also highlighted President Donald Trump’s role in authorizing the attack.”At 5:00 pm ET today, U.S. Central Command launched further strikes against Iran to continue to reduce its ability to attack civilian sailors and commercial vessels freely passing through the Strait of Hormuz,” the military command said…
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Oil tankers, bulk carriers and ships anchor around Qaboos Port in Muscat, Oman, June 22, 2026.Elke Scoliers | Getty ImagesOil prices rose on Sunday evening after the United States and Iran traded strikes over control of the Strait of Hormuz, one of the most important trade routes for global energy supplies.usa crude oil Futures were up 3.4% at $73.87 a barrel by 6:03 p.m. ET. brent Futures, the international benchmark, rose 3.5% to trade at $78.67. The US military launched a new offensive against Iran on Sunday after hitting 140 targets on Saturday, according to US Central Command. The airstrike…