President Trump told Axios on Monday that he decided to pause U.S. strikes on Iran in order to give negotiations another chance, but stressed that he could order a return to expanded military operations if diplomacy fails.
Why it matters: The current negotiations are focused on a new deal that would reopen the Strait of Hormuz and relaunch talks on a comprehensive nuclear deal.
Kuwait's government has signed a $16 billion crude oil pipeline deal with North American private equity firms Blackstone, Brookfield Asset Management, and KKR.
Why it matters: This comes amid attacks on Kuwait's energy infrastructure by Iran, in retaliation for U.S. strikes.
Local backlash and reliability concerns are challenging the vision of an AI boom built quickly using large off-grid data centers.
Why it matters: If giant projects stumble, trillions of dollars in AI investment and the industry's plans to rapidly expand data centers could be at risk.
