Tehran to Trump: No Deal Softening on Hormuz Despite Rejection

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‼️ 🇮🇷 Iran’s Foreign Minister Abbas Araghchi said the country is still awaiting a formal US response to its seven-day proposal for reopening the Strait of Hormuz, and won’t soften its conditions despite President Trump’s public rejection of the plan. Araghchi noted Tehran hasn’t yet heard anything through mediators Qatar and Pakistan, criticized Trump’s remarks as inconsistent, and reiterated that only a negotiated solution can resolve the standoff over the critical energy chokepoint

Goldman’s Warning: Hyperscalers Need $300 Billion Just to Break Even on AI

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‼️ 🧠 Goldman Sachs strategists, led by Ryan Hammond, project that spending on AI infrastructure by the five largest US hyperscalers will rise more than 50% next year to $1.2 trillion—above Wall Street’s $1.1 trillion consensus for 2027 capex—with the firms needing roughly $300 billion in annual AI revenue in the coming years just to break even on that outlay.

Bailey Signals BoE’s Patience Has a Shelf Life as Energy Costs Bite

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‼️ 🇬🇧 Bank of England Governor Andrew Bailey warned that resisting pressure to raise rates will get harder the longer high oil and gas costs persist, noting the energy shock’s pass-through has been “quite subdued” so far but that officials can’t wait for second-order inflation effects to emerge — comments that echo growing MPC concern over the prolonged US-Iran war, with Deputy Governors Clare Lombardelli and Sarah Breeden also signaling openness to a hike, as traders now price a near-90% chance of a quarter-point rise and at least three more within 12 months.