cnbc_topnews

Oil prices move higher after Yemen's Iran-backed Houthis claim Saudi tanker strike

📰 source: cnbc_topnews · 💼 business

crude prices fell wednesday on reports that the u.s., iran and oman were working on a deal to manage shipping in the strait of hormuz. brent was down 0.74% at $78.77, wti 1% lower at $74.93. prices briefly ticked up after yemen's houthis claimed a missile strike on a saudi tanker near yanbu, but the overall session traded lower on the talks.

the u.s. and iran signed a memorandum of understanding on june 17 to open hormuz, but it collapsed as fighting erupted over ship routes. tehran attacked vessels along oman's coast to force them through its waters; washington responded with airstrikes and a naval blockade. president trump said talks 'looks like things are very good,' and treasury secretary scott bessent said a deal could be reached this week. negotiators are working on an interim arrangement where inbound ships use iran's waters and outbound ships use oman's, two regional sources told axios.

why it matters: hormuz shipping deal could unlock vital crude flows, easing supply fears and pressuring oil prices lower.

source: cnbc_topnews
sentiment: +0.20 · impact: 0.60

These charts show why stocks keep rallying. Profit margins are the highest on record

📰 source: cnbc_topnews · 💼 business the s&p 500's blended net profit margin is running at 16.9% for q2, up from 14.8% in q1 and 12.9% a year ago. that's the highest since factset began tracking in 2009, and well above the five-year

Trade court upholds Trump's closure of 'de minimis' loophole

📰 source: cnbc_topnews · 💼 business a federal trade court on thursday upheld trump's elimination of the de minimis exemption, which allowed goods under $800 into the us tax free. the ruling came in a lawsuit from detroit axle, a michigan auto-parts distributor that sued the administration in may 2025,

OpenAI revenue chief Denise Dresser leaving, second major executive departure in days

📰 source: cnbc_topnews · 💼 business openai's chief revenue officer denise dresser is leaving less than a year after joining, the company said thursday. she's staying briefly for transition, with dali rajic, former president and coo of cybersecurity firm wiz, taking over. dresser's exit is the

BAE Systems to pay $36m penalty after 104 violations of US arms export rules

📰 source: theguardian_business · 💼 business bae systems, the uk defence contractor, will pay a $36m (£26.7m) civil penalty to resolve 104 violations of us arms export rules. the us state department announced the administrative settlement on thursday with bae's us arm. the breaches included unauthorised exports of technical

Read more

These charts show why stocks keep rallying. Profit margins are the highest on record

Trade court upholds Trump's closure of 'de minimis' loophole

OpenAI revenue chief Denise Dresser leaving, second major executive departure in days

BAE Systems to pay $36m penalty after 104 violations of US arms export rules