Trump Says He Intends To Meet With North Korean Leader Kim This Year

Trump Taps Pakistan To Reopen Iran Talks As Tehran Threatens More Hormuz Attacks; Rial Battered To Record Low Summary Pakistan enters diplomatic push: Pakistan’s army chief reportedly traveled to Tehran after Trump urged him to help reopen Iran talks. Iran threatens new tanker action: Tehran blacklisted 45 vessels and warned of further Hormuz attacks. US readies sweeping sanctions: Bessent is preparing a sweeping economic offensive targeting Iran and its trading partners. Rial collapses: Iran’s currency hit a record low as inflation and economic pressures intensify. Hormuz leverage in question: Washington & Western sources claim US-supervised shipping through the Oman corridor...

DeepSeek Developing In-House AI Chip In Bid To Cut Nvidia Reliance DeepSeek is developing its own artificial intelligence chip, a move that could reduce its reliance on both US-based Nvidia and China-based Huawei. Leading model developers are increasingly seeking to control more of their compute stacks, particularly for inference, as AI models move from training labs into the mass market. DeepSeek is the latest company to pursue this strategy by developing a new in-house inference chip, Reuters reports. If successful, this effort would mark a major shift for the Chinese AI chatbot...

Soaring Imports Push India's Crude Stocks To Near 1-Year High India’s strategic and commercial crude oil inventories have jumped to a nearly one-year high as the world’s third-largest crude oil buyer boosted its imports to a record high in June, OilPrice reported. As at the end of June, India’s crude oil stocks held in strategic, commercial, and refinery storage had increased to 104 million barrels, up from 90.5 million barrels at the end of April, according to data from commodity intelligence provider Kpler cited by Indian outlet Economic Times. Before the Iran...