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Asia stocks count on AI boom to offset Gulf risks

Asia stocks count on AI boom to offset Gulf risks

By Wayne Cole SYDNEY, June 1 (Reuters) - Asian share markets firmed on Monday as the boom in all things AI continued to drive demand, offsetting a lack of progress in Gulf peace talks that challenged optimism on a re-opening of the Strait of Hormuz and lifted oil prices.
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Oil prices rise more than 2% as Israel steps up incursion into Lebanon

Oil prices rise more than 2% as Israel steps up incursion into Lebanon

By Colleen Howe BEIJING, June 1 (Reuters) - Oil prices rose more than 2% in early trading on Monday after Israel ordered troops to move further into Lebanon in the battle with the Iranian-backed Hezbollah militant group, despite a ceasefire announced more than six weeks ago.
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US bombs Iranian military sites and Tehran targets American troops in Kuwait

US bombs Iranian military sites and Tehran targets American troops in Kuwait

The United States says it has bombed radar and drone sites in Iran after Tehran shot down an American drone over the weekend
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Iran is stopping message exchanges with U.S., may block Hormuz, Tasnim news agency says

Iran is stopping message exchanges with U.S., may block Hormuz, Tasnim news agency says

DUBAI, June 1 (Reuters) - Iran's Tasnim news agency said on Monday that Tehran's negotiating team is stopping exchanges of messages with the United States through mediators due to attacks on Lebanon, as diplomatic efforts to end the three-month-old Iran war continue.
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Dollar steadies as markets await signals on Iran war, central banks

Dollar steadies as markets await signals on Iran war, central banks

By Rocky Swift TOKYO, June 1 (Reuters) - The U.S. dollar held steady on Monday after a weekly loss as markets awaited the results of peace talks in the Middle East and signals on the timing of central bank rate hikes.
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Israel Expands Lebanon Offensive, Oil Prices Surge Amid Ceasefire Concerns

Israel Expands Lebanon Offensive, Oil Prices Surge Amid Ceasefire Concerns

Oil prices have risen significantly as Israel intensifies its military operations in Lebanon, raising fears about the stability of a fragile ceasefire between Washington and Tehran. The escalation follows U.S.-brokered talks aimed at maintaining peace in the region. Brent crude futures increased by 2.43% to $93.33 per barrel, while West Texas Intermediate futures rose by 2.76% to $89.77 per barrel. The renewed hostilities have heightened concerns about potential disruptions in oil supply, particularly given the strategic importance of the region in global energy markets.
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Iran calls for actions not words after US officials say peace deal is near

Iran calls for actions not words after US officials say peace deal is near

By Jonathan Landay, Steve Holland and Yomna Ehab WASHINGTON/CAIRO, May 29 (Reuters) - Iran said on Friday it was looking for actions, not words from the United States after sources said President Donald Trump was weighing an initial U.S.-Iranian agreement to extend a ceasefire and open the Strait of
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Pentagon chief says U.S. ready to restart strikes on Iran if no deal

Pentagon chief says U.S. ready to restart strikes on Iran if no deal

SINGAPORE, May 30 (Reuters) - The U.S. is ready to restart attacks on Iran if a deal cannot be reached, Defense Secretary Pete Hegseth said on Saturday, as negotiators from Washington and Tehran worked to bridge major differences blocking an agreement.
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Pakistan foreign minister set to discuss Iran with Rubio in Washington

Pakistan foreign minister set to discuss Iran with Rubio in Washington

KARACHI, May 29 (Reuters) - Pakistani Foreign Minister Ishaq Dar arrived in Washington on Friday for talks with U.S. Secretary of State Marco Rubio that are expected to include the latest developments in negotiations on ending the Iran war.
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Trump meets with aides to determine whether to move forward with Iran deal

Trump meets with aides to determine whether to move forward with Iran deal

U.S. President Donald Trump has held a White House Situation Room meeting with his advisers as he ponders moving forward with a deal to extend the Iran ceasefire and reopen the Strait of Hormuz
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The Latest: Trump met with aides for a ‘final determination’ on Iran deal

The Latest: Trump met with aides for a ‘final determination’ on Iran deal

President Donald Trump has held a White House Situation Room meeting with his advisers as he looks to make a “final determination” on moving forward on a deal to extend a ceasefire with Iran
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Trump meeting with aides to make 'final determination' on moving forward with Iran deal

Trump meeting with aides to make 'final determination' on moving forward with Iran deal

U.S. President Donald Trump says he’s holding a White House Situation Room meeting with his advisers as he looks to make a “final determination” on moving forward with a deal to extend the Iran ceasefire