U.S. politics:
- House Democrat announces impeachment push against Pete Hegseth over Iran war
Corporate & technology:
- Samsung flags eightfold jump in Q1 profit as AI chip demand drives up prices
- Apple partner Foxconn has started trial production on the iPhone Fold
Rates & banks:
- Wells Fargo and Citigroup push back expectations for Federal Reserve rate cuts
Iran conflict:
- Trump says Tuesday is the final deadline; Iran’s proposal “not good enough”;
claims plan in place to destroy Iran’s bridges and power plants within four
hours; says U.S. should collect Strait tolls instead of Iran
- Mediators make final push for a 45-day ceasefire between the U.S. and Iran
- Iran delivers response to U.S. proposal, rejects temporary ceasefire and calls
for a permanent end to the war; response includes 10 demands
- Strait of Hormuz vessel traffic rises to highest level since early March
- Netanyahu urges Trump in Sunday call not to pursue a ceasefire for now
- Israeli military says it struck Iran’s largest petrochemical facility
- Head of IRGC intelligence unit reported killed
- Iran foreign ministry says U.S. pilot rescue operation may aim to seize
enriched uranium
- Israeli defense minister says military instructed to continue full-scale
strikes on Iran’s national infrastructure
- Iranian official says Strait of Hormuz will not be reopened in exchange for a
“temporary ceasefire”
