U.S. Revokes Waiver Allowing Sale of Iranian Oil

The waiver was the key incentive to get Tehran to agree to the interim peace deal, which is now at risk after days of skirmishes in the Strait of Hormuz.

U.S. Stocks Retreat on Worries About AI Trade, Hormuz Fears

U.S. stocks fell as investors fled increasingly volatile artificial-intelligence investments in the wake of Samsung Electronics' earnings report and renewed disruptions in the Strait of Hormuz.

U.S. Trade Deficit Widened in May as Imports of AI Components Rose