Technology shares fell sharply around the world Tuesday as investors questioned whether AI spending will produce profits that justify lofty valuations. SpaceX, chipmakers and memory stocks led the declines, while inflation and interest-rate concerns added pressure.
Posts tagged as “the U.S.-Iran war”
Iranian President Masoud Pezeshkian is visiting Pakistan after U.S.-Iran talks in Switzerland produced a 60-day roadmap toward a possible war-ending deal. Disputes have already emerged over nuclear inspections and Israel’s freedom to act in Lebanon.
Vice President JD Vance arrived in Switzerland for talks with Iran on implementing a 60-day ceasefire deal. The negotiations are already strained by renewed fighting in Lebanon and Iran’s disputed claim that it closed the Strait of Hormuz.
Israeli strikes in Lebanon killed at least 16 people, with Al Jazeera reporting a toll of 22, hours after a renewed ceasefire with Hezbollah was announced. The attacks have complicated planned U.S.-Iran negotiations in Switzerland tied to a broader ceasefire arrangement.
The first U.S.-Iran talks under a preliminary peace agreement were postponed after JD Vance canceled a trip to Switzerland and Israel intensified strikes in southern Lebanon. The delay raised doubts about a 60-day negotiation process meant to end the war and reopen the Strait of Hormuz.
The United States and Iran have electronically signed a memorandum intended to halt the war and launch 60 days of talks toward a final agreement. The document includes sanctions relief, nuclear commitments, Strait of Hormuz provisions and a proposed $300 billion reconstruction plan for Iran.
Trump said the U.S.-Iran memorandum is not a final deal and warned bombing could resume if a broader agreement is not reached. The 14-point framework calls for a ceasefire, reopening the Strait of Hormuz, nuclear limits, sanctions relief and further talks within 60 days.
Iranian oil tankers have crossed a U.S. blockade line near the Strait of Hormuz ahead of planned U.S.-Iran talks in Switzerland. The emerging memorandum has triggered disputes over sanctions relief, Lebanon and the future of Iran’s nuclear program.