Defiant Iran Reasserts Toll System, Paid Through Iranian Banks After US Vows Hormuz Blockade Stays "As Long As It Takes"

OpenAI Slashes GPT-5.6 Luna Price By 80% As China's Cheaper Models Close In OpenAI just cut the price of its cheapest GPT-5.6 model by 80 percent, three weeks after launch - the clearest signal yet that the company that kicked off the generative AI boom is being dragged into a price war it did not start. On Thursday the company said GPT-5.6 Luna, its speed-focused model, now costs 20 cents per million input tokens and $1.20 per million output tokens, down from $1 and $6. GPT-5.6 Terra, the mid-tier model, gets...

Beijing Flip-Flops, Asks Banks To Pause Loans To Sanctioned Refiners Days After Ordering Them To Ignore Sanctions Over the weekend, we reported that in what some called a "watershed moment", Beijing ordered Chinese companies not to comply with US sanctions on five domestic refiners linked to the Iranian oil trade, deploying for the first time a blocking measure introduced in 2021 that was aimed at protecting its firms from foreign laws it deemed unjustified. Of note, China's refiners - including Hengli Petrochemical (Dalian) Refinery which was sanctioned last month and several other...

Trump Hails Iran's Full Hormuz Reopening As U.S. Reportedly Weighs $20 Billion Cash-For-Nukes Deal Summary Trump Praises Iran for Fully Reopening Hormuz Chokepoint; Crude Tanks, Yields Dump, Equity Futs Up Iran's Aragchi says "Strait of Hormuz is declared completely open" US mulls cash-for-uranium deal as 'three-page' MOU peace plan takes shape Peace talks reportedly on Sunday in Islamabad Odds of a permanent peace deal by the end of the ceasefire are soaring... Trump Responds  Minutes after Iran's Foreign Minister Seyed Abbas posted on X that the Strait of Hormuz is "completely open", President Trump responded on Truth...