Hormuz Opening Uncertain After New Strike
Bessent signals Iran Hormuz deal imminent (stocks rally, oil drops); World Bank warns developing economies of US/China AI dependency risk. Wells Fargo launches tokenized deposits for corporate clients. Implication for tech leaders: AI governance localization and enterprise blockchain adoption are now critical amid geopolitical volatility and supply-chain uncertainty.
Oil prices fell to a three-week low after the US said a deal with Iran to reopen the Strait of Hormuz to shipping could be reached "today or tomorrow".
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