Amazon's four-day prime day event generated more than $26.4 billion in online spending across the U.S., up 9.3% from a year ago, according to Adobe analytics. The data gives us a glimpse into U.S. Spending patterns and how retailers are improvising in this cautious environment.

U.S. shoppers hunt deals amid rising prices

Iran and the United States have agreed to halt recent hostilities in the Gulf and resume technical talks over the Strait of Hormuz, according to a U.S. official. The agreement comes after days of military exchanges and aims to keep the strategic waterway open while both sides continue negotiations under a 14-point memorandum of understanding.

US, Iran agree to halt attacks, resume talks

Movement through the Strait of Hormuz has been halted after a cargo ship was struck by an unknown projectile near Oman's coast. The UN's International Maritime Organization has paused the evacuation of over 11,000 stranded sailors while security assessments continue.

Hormuz Crisis: Fresh Strike in Hormuz Amid Iran-US Peace Talks

Trump-Iran talks have produced their first major breakthrough, with the United States partially easing sanctions on Iranian oil exports following what officials described as "encouraging" negotiations in Switzerland. The 60-day waiver allows the production, delivery and sale of Iranian oil, marking a significant shift in Washington's approach.

U.S-Iran Peace Deal: US Eases Oil Sanctions Amid Peace Talks 

US Vice President JD Vance has strongly defended the Trump administration’s peace agreement with Iran, pushing back against criticism from Israeli leaders and warning that military action alone cannot resolve regional tensions. Vance described President Donald Trump as Israel’s strongest ally while urging support for ongoing diplomacy. The remarks come as reports suggest Mojtaba Khamenei has approved the agreement and the US has begun lifting its naval blockade, signaling fresh momentum for the landmark deal.

Vance Backs Trump’s Iran Peace Deal, Pushes Back on Israeli Criticism

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