Apple announced Siri AI, a major update to its digital assistant that will use device data, cloud computing and the web to complete tasks and answer questions. The service will launch later this year in English but not initially in the European Union or China.
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The conflict involving Iran has severely disrupted global oil supplies by blocking the Strait of Hormuz, a vital route for about 20% of the world’s oil shipments, with vessel traffic dropping drastically and Iran imposing tolls on passage. The International Energy Agency recommends reducing oil demand through measures like remote work and increased public transit use, but experts note challenges in changing American driving habits due to limited transit options and the cost of electric vehicles. Meanwhile, ongoing tensions have led to attacks on shipping vessels, and Iran insists on sovereignty over the strait as a condition for ending the conflict, signaling a long-term assertion of control.
U.S. financial markets declined sharply amid fading hopes for imminent peace talks between the U.S. and Iran, with major stock indexes falling and bond yields rising, leading to increased mortgage rates globally. Oil prices surged over 40% since the conflict began, driven by heightened tensions, while diplomatic efforts stalled as Iran rejected a U.S. peace proposal seen as one-sided. Military actions, including the targeted killing of an Iranian naval commander by Israel and significant U.S. strikes on Iran’s navy, have escalated the conflict, with warnings from President Trump and concerns over Russia’s involvement further complicating the geopolitical landscape.