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U.S. and Iran agree to pause military action, restart Doha talks and keep Hormuz shipping open
A U.S. official said Washington and Tehran agreed to stand down after recent exchanges, continue technical discussions under an interim memorandum, and aim for a June 30 meeting in Doha. The arrangement includes continued commercial transit through the Strait of Hormuz while negotiations proceed.
Deals & Capital Markets · 2 months agoEnergy Fuels Agrees to Acquire German Magnet Maker Vacuumschmelze in $1.9 Billion Deal
Energy Fuels said it agreed to buy Vacuumschmelze from Ara Partners for about $1.9 billion in equity value, paying $718 million in cash and issuing 65.853 million shares, with additional preferred-share protection tied to closing price. The deal includes assumed net debt of about $140 million and is targeted to close in early 2027, subject to approvals.
Geopolitics & Trade · 2 months agoUS, Iran unveil preliminary pact to halt fighting and restore Strait of Hormuz traffic
U.S. and Iranian officials said they reached an initial agreement to stop the conflict and resume shipping through the Strait of Hormuz, with a formal signing expected later this week and nuclear issues left for further talks. Oil prices fell and global equities advanced after the announcement.
Geopolitics & Trade · 2 months agoDrone strike damages spent fuel storage facility near Chernobyl, Ukraine reports
Ukraine’s nuclear operator reported that a drone strike hit a spent nuclear fuel storage site near the Chornobyl nuclear power plant, damaging the fuel reception building. A fire covering about 40 square meters was contained and extinguished. Authorities said radiation readings remained within established limits, with no reported spike.