Futures Slump, Ignoring Korean Euphoria, After Iran Rejects Trump Enriched Uranium Demands

Iran Halts All Petrochemical Exports After US Publishes Radio Warning To Stuck Hormuz Ships; Negotiators Cite 'Progress' Toward 2nd Round Of Talks Summary The Iran war is "very close to over" with authorities in Tehran eager to agree a peace deal, Trump says, adding: "We've beaten them militarily." Axios cites 'progress' toward framework to end war. Iran state media says halt to all petrochemical exports. AP/Bloomberg reporting the two sides have an "in principle agreement" to pursue further diplomacy; however, this is batted down as 'unconfirmed' by Tehran & a US official. The...

UK Summons Chinese Ambassador Over Spying Allegation Authored by Dorothy Li via The Epoch Times, The British Foreign Ministry on May 9 stated that it had summoned the Chinese ambassador after a London court convicted two men, including a former British immigration officer, of spying for the Chinese communist regime. Bill Yuen Chung Biu (L) and Peter Wai Chi Leung (R), both charged with assisting Hong Kong intelligence service, arrive separately ahead of their trial at the Old Bailey in central London, on March 2, 2026. Carlos Jasso/AFP via Getty Images The Chinese...

Fearing Iranian Escalation In Red Sea, Saudis Push Trump To Call Off Hormuz Blockade Wary of Iranian escalation that shuts down Red Sea traffic, the Kingdom of Saudi Arabia is asking the Trump administration to back off from its newly-implemented blockade of Iranian-linked shipping in the Strait of Hormuz, the Wall Street Journal reported on Monday evening. On Sunday, a senior advisor to Iranian Supreme Leader Mojtaba Khamenei warned that Iran has "large, untouched levers" to respond to such a blockade.  Perhaps ominously, Bab el-Mandeb translates to "Gate of Tears" (map via...