May 28th Financial Breakfast: A series of conflicting reports regarding the US-Iran negotiations cause gold prices to fall near $4440, and US oil prices to drop below $90. There are concerns that Trump may be "dissatisfied" with the negotiations.
2026-05-28 06:45:10
On Thursday (May 28, Beijing time), spot gold traded around $4,459 per ounce. Gold prices fell to a two-month low on Wednesday, nearing $4,400 per ounce, weighed down by market expectations of tighter monetary policy to curb rising inflation. Despite the release of preliminary informal documents of the US-Iran memorandum of understanding, Trump stated he was "dissatisfied" with the current negotiation process. Oil prices plummeted on Wednesday, with US crude falling more than 4% to close below $90 per barrel. Although news of "smooth progress" in US-Iran negotiations continued, both sides maintained a hardline stance, leaving many uncertainties.
U.S. stocks extended their gains on Wednesday, with all three major indexes hitting record closing highs. The Dow Jones Industrial Average rose 0.36% to close at 50,644.28 points, the S&P 500 edged up 0.02% to close at 7,520.36 points, and the Nasdaq Composite gained 0.07% to close at 26,674.74 points.
Artificial intelligence-related stocks paused their rally, while chip stocks generally retreated, with Nvidia falling 1% and the Philadelphia Semiconductor Index dropping 1.4%. The market saw sector rotation, with healthcare and consumer stocks leading the gains. Procter & Gamble rose 3.2%, UnitedHealth Group rose 1.9%, and the consumer discretionary sector rose 1.9%. The energy sector, however, declined 1.5% due to a 5% drop in oil prices. Bank stocks were dragged down by JPMorgan Chase, whose CEO Jamie Dimon warned that spending this year could exceed expectations by $1 billion, causing the stock to fall 2.4%. Cloud security company Zscaler plummeted 31.5% after its fourth-quarter revenue forecast fell short of expectations.
In geopolitical terms, US Secretary of State Rubio said that negotiations with Iran had made progress, but President Trump and Iranian media both said that there were still unresolved issues; Goldman Sachs raised its S&P 500 target for the end of 2026 to 8,000 points, citing continued strong corporate earnings; the market is focused on the Personal Consumption Expenditures (PCE) price index to be released on Thursday for clues about the Federal Reserve's future monetary policy.
Gold prices fell to a two-month low on Wednesday, with spot gold down 1.14% to $4,456.10 an ounce, hitting its lowest level since March 27, mainly due to market expectations that monetary policy will be tightened to curb rising inflation, while the war with Iran shows no clear signs of ending.
Analysts say the Middle East situation remains the biggest influencing factor, with ongoing conflict exacerbating inflation concerns. Iranian state television reported that Tehran would restore shipping in the Strait of Hormuz to pre-war levels within a month, within a framework agreement reached with the United States (including the withdrawal of US troops). This news initially narrowed some of the decline in gold prices, but the market still believes that energy-driven inflation will prompt the Federal Reserve to raise interest rates by 25 basis points by the end of the year. The high-interest-rate environment has suppressed the performance of gold, a non-yielding asset. Minneapolis Fed President Kashkari stated that it is necessary to focus on curbing the inflation risks that appear to be accumulating.
Investors are awaiting the release of the U.S. Personal Consumption Expenditures (PCE) price index data on Thursday. In other precious metals, spot silver fell 3.2% to $74.46, with Bank of America stating that silver is unlikely to consistently outperform gold; platinum fell 2.1% to $1916.90, while palladium edged up 0.1% to $1386.47.
Oil prices plunged on Wednesday, with Brent crude falling 6.86% to settle at $92.88 a barrel and WTI crude futures dropping 4.45% to settle at $89.41 a barrel, both hitting one-month lows during the session, mainly as investors awaited the latest news on the framework of an agreement between the United States and Iran to end the conflict and reopen the Strait of Hormuz.
U.S. Secretary of State Marco Rubio said some progress had been made in the negotiations, but both President Trump and Iran's Fars News Agency said there were still unresolved issues. The U.S. denied Iranian state television's report that a framework agreement had been reached (which claimed that shipping through the Strait of Hormuz would resume within a month, the U.S. would lift its naval blockade, and the U.S. would withdraw its troops).
Meanwhile, shipping data showed that shipping activity in the Strait of Hormuz continued, with two crude oil tankers passing through the Strait the previous day; analysts said the increased shipping activity strengthened market expectations for the gradual reopening of this key waterway, thereby reducing the short-term supply risk premium.
Affected by the situation in the Middle East, the US dollar index stabilized on Wednesday, remaining basically flat at 99.2, marking its second consecutive day of gains. The yen fell 0.14% against the dollar to 159.51, a near four-week low, approaching the level when Japanese authorities intervened last month. Traders generally believe that the 160 level is the key trigger point for intervention, and the market expects a probability of about 70% for the Bank of Japan to raise interest rates by 25 basis points at its June meeting.
US President Trump said there are still issues to be resolved between the US and Iran. Washington denied reports from Iranian state television that a framework agreement had been reached, and hopes for a swift end to the war have faded. The euro fell slightly to $1.163125, the pound fell 0.11% to $1.34320, and the dollar rose 0.13% against the Swiss franc to 0.7866 francs.
The New Zealand dollar performed strongly, rising 1.11% to US$0.59, as the Reserve Bank of New Zealand kept interest rates unchanged, but policymakers were clearly divided (three members supported raising rates, while three supported keeping them unchanged), suggesting that policy tightening may come sooner and more aggressively.
The Australian dollar fell 0.35% to US$0.71415, dragged down by the April annual inflation rate falling to 4.2%, while the Australian dollar plunged 1.39% against the New Zealand dollar, marking its biggest one-day drop in nearly 10 years.
Preliminary Informal Documents of the Iran-US Memorandum of Understanding Disclosed
According to a report by the Balance News Agency, affiliated with the Iranian Ministry of Justice, on the 27th, a preliminary informal document concerning the framework of a memorandum of understanding between Iran and the United States has been disclosed, covering issues such as the Strait of Hormuz, regional military deployments, and future agreement arrangements. According to the document, the United States pledged to lift its "maritime blockade" against Iran and withdraw some of its military forces deployed in the region surrounding Iran. In exchange, Iran will gradually restore the volume of commercial vessels passing through the Strait of Hormuz to pre-escalation levels within a month, excluding military vessels. The management of vessel passage and route arrangements will be jointly coordinated by Iran and Oman. The document indicates that if Iran and the United States can reach a final agreement within 60 days, the relevant content may be confirmed in the form of a binding UN Security Council resolution. The report states that Iran emphasized that it will not take any concrete action until "verifiable" verification is completed. (Xinhua)
White House: US-Iran negotiations are progressing "well"; Trump has drawn a "red line".
On May 27 local time, the White House stated that US-Iran negotiations were "progressing well." It added that Trump had clearly drawn a "red line" for the negotiations, and the Trump administration's position remained consistent: any agreement must ensure that Iran cannot acquire nuclear weapons. (CCTV News)
US Secretary of State says progress has been made in US-Iran negotiations.
On May 27 local time, U.S. Secretary of State Marco Rubio stated that the Trump administration still prefers to resolve the Iran issue through negotiations, adding that "progress has been made towards an agreement." Rubio said, "We will see the results in the coming hours and days." He also emphasized that Trump's preferred option remains negotiations with Iran. (CCTV News)
Iranian media: Trump may unilaterally announce an agreement with Iran
Iran's Fars News Agency, citing sources, reported that Trump may unilaterally announce within the next few hours that the US and Iran have reached a final agreement. Fars News Agency believes this move is an attempt by the US to exert pressure and guide public opinion before the remaining disputes are completely resolved. A member of the Iranian negotiating team stated that some issues remain unresolved; no agreement will be reached until all of Iran's demands are met. The source added that Tehran will officially announce the negotiation results once all disputes are fully resolved. (CCTV)
Trump: The US will not lift sanctions against Iran even if it abandons its highly enriched uranium.
In a media interview, Trump stated that even if Iran surrendered its highly enriched uranium, it wouldn't get the US to lift sanctions. Trump said, "They're not going to give up their highly enriched uranium in exchange for sanctions waivers. Absolutely not." Trump added that Saudi Arabia should join the Abraham Accords, "It would be very beneficial for Saudi Arabia."
The probability of the Federal Reserve keeping interest rates unchanged in June is 99.9%.
According to CME's "FedWatch": The probability of the Federal Reserve keeping interest rates unchanged by June is 99.9%, and the probability of a cumulative rate cut of 25 basis points is 0.1%. The probability of the Federal Reserve keeping interest rates unchanged by July is 91.4%, the probability of a cumulative rate hike of 25 basis points is 8.5%, and the probability of a cumulative rate hike of 50 basis points is 8.5%.
US troops are deployed and ready to attack Cuba at any time.
The Pentagon has been deploying the necessary forces for an invasion of Cuba for months, awaiting only approval from US President Trump. Trump proposed invading Cuba after economic and diplomatic pressure failed. The current US naval force in the region—the largest outside the Middle East—allows for immediate action. On May 27, US Secretary of State Rubio stated at a cabinet meeting that Cuba was in a "very difficult situation," a "failed state" located only 90 miles from the US, threatening US security.
Iran says it will not back down because of Trump's remarks.
Early on May 28, the head of the Iranian Parliament's National Security Committee stated that Iran would not back down due to US President Trump's remarks and would "stick to its red lines" in negotiations with the US. These red lines are uranium enrichment capacity and stockpiles, control of the Strait of Hormuz, and the lifting of sanctions. Earlier, Trump expressed dissatisfaction with the progress of US-Iran negotiations at a cabinet meeting, stating that he would not accept the new Strait of Hormuz management mechanism being discussed between Iran and Oman, would not consider easing sanctions against Iran, and would not accept reaching an agreement before further negotiations on the nuclear issue. (CCTV International News)
Trump warns ally Oman: Breach the rules or you'll be bombed.
U.S. President Donald Trump said at a cabinet meeting at the White House on the 27th that the Strait of Hormuz is not under anyone's jurisdiction, and warned Gulf ally Oman that if it "doesn't play by the rules," it will be "bombed." When asked if he would be willing to accept a short-term agreement for joint control of the Strait of Hormuz by Iran and Oman, Trump said the strait is international waters, open to everyone, and not under anyone's jurisdiction. He stated that the U.S. will maintain order in the strait, but "nobody will control it, and that's part of our negotiations (with Iran)." Trump also said that Oman will abide by the rules like other countries, adding, "If they don't play by the rules, we'll just have to bomb them. They know that, so they'll behave themselves." (Xinhua)
Iran: Iran will only sign an agreement after the US unfreezes its assets.
Iran has stated that it will only sign a peace agreement with the United States if the US unfreezes $24 billion in frozen Iranian assets. Iran demands that $12 billion be disbursed immediately upon the announcement of an agreement, with the remaining funds to be transferred within 60 days. These funds originate from Iran's oil and gas revenues and have been frozen due to US sanctions, currently held in South Korea, Qatar, Iraq, Germany, and other countries. This demand has become a major obstacle to negotiations to resolve the Iran-US conflict. The Trump campaign opposes this move, arguing that it amounts to a concession to Iran. (CCTV)
Iranian Islamic Revolutionary Guard Corps: 23 ships were granted passage through the Strait of Hormuz in the past 24 hours.
On the 27th local time, the Public Relations Department of the Iranian Islamic Revolutionary Guard Corps Navy stated that in the past 24 hours, 23 vessels, including oil tankers, container ships, and other merchant ships, passed through the Strait of Hormuz with permission and under the coordination and security guarantee of the Iranian Islamic Revolutionary Guard Corps Navy. (CCTV News)
Trump: "Dissatisfied" with the current progress of negotiations with Iran
US President Donald Trump said at a cabinet meeting at the White House on the 27th that the US and Iran have not yet reached an agreement, and the US is "not satisfied" with this. Trump stated that Iran very much wants an agreement, "but they haven't done it yet," and added, "We're not satisfied with this, but we will be." He also threatened, "We only have two paths before us: either we reach an agreement, or we get the job done," implying the use of military means to achieve his goal. (Xinhua)
The United States has identified new targets in Iran in preparation for a renewed strike.
U.S. officials revealed to the media on the 27th that the U.S. Department of Defense has drafted a list of targets within Iran in preparation for President Trump's potential resumption of military action against Iran. However, sources analyzed that if the U.S. launches a new strike, it will be more difficult than before. According to NBC News, the Pentagon is considering naming the possible restarted military operation "The Hammer," targeting some nuclear facilities that were attacked by the U.S. military last June, including the Natanz and Isfahan nuclear facilities. The U.S. military may also target Iran's strategic oil facilities on Kharg Island, as well as power plants, military command centers, and communication facilities. According to informed sources, many of the targets already attacked within Iran are considered "easy targets" because those targets are "either stationary or not deeply buried in bunkers." However, targets such as missile launchers and drones are now more concealed and difficult to approach, making it more difficult to locate and precisely strike them than before. NBC News previously cited assessments by U.S. intelligence agencies, reporting that Iran still possesses "considerable" combat capabilities, with its warplanes and small ships not completely destroyed, and a considerable number of missiles and their launchers remaining due to burial or relocation. In addition, several US officials revealed that Iran has recently "restarted" defense industry production on a "limited scale," but the extent of US knowledge about these facilities is unclear due to their highly concealed locations. According to Iran's Tasnim News Agency on the 27th, Mohammad Akbarzadeh, a naval officer of the Iranian Islamic Revolutionary Guard Corps, stated that the possibility of renewed war with the United States is "low," but the Iranian armed forces are "fully loaded with ammunition" and ready. (Xinhua)
CCTV Finance: Buying computing power is now as convenient as buying electricity.
This year, my country's daily word usage has exceeded 140 trillion, a more than 1,000-fold increase in two years. Many small and medium-sized enterprises (SMEs) need to purchase computing power. To make purchasing computing power as convenient as purchasing electricity, the southern region is exploring a new model of collaborative computing and electricity trading. In Shenzhen, an AI company consumes approximately 1 billion words daily. The company recently completed its first collaborative computing and electricity trading transaction: publishing computing power needs, timeframes, and budgets, and automatically matching idle computing power at a more advantageous price through an operating platform. "Through this new trading model, costs are reduced by about 25% compared to the original. Demanders can place orders, and suppliers can bid for them on the platform." In this transaction, the computing power seller was a data center in Guizhou. This idle computing power was listed on the platform and the transaction was completed at a lower price than the market price. Currently, this trading platform connects to computing power resources from multiple data centers in five southern provinces. The platform uses an AI model to predict electricity prices to guide scheduling. When electricity prices are low, computing power tasks are prioritized; when electricity prices are high, non-urgent tasks are suspended or migrated. For example, if a user submits an AI training task, the system might find that electricity prices are lower in Guizhou, so it might reroute the task to Guizhou. Li Minhong, Marketing Director of China Southern Power Grid, said, "By connecting more buyers and sellers, we can make buying computing power as simple as online shopping: order on demand, pay as you use, and have transparent billing. Buying computing power is as simple as buying electricity."
The "2026 White Paper on the Development of China's BeiDou Spatiotemporal Industry" was released, stating that the total output value of the satellite navigation industry reached 629 billion yuan in 2025.
The recently released "2026 White Paper on the Development of China's BeiDou Spatiotemporal Industry" shows that in 2025, the total output value of my country's satellite navigation industry reached 629 billion yuan, and the total number of BeiDou-enabled terminal products in use exceeded 2.2 billion units. With its high-precision positioning capabilities and unique stable communication functions, the BeiDou system plays an indispensable role in many fields, including intelligent transportation, underground space applications, public services, sports data, protection of vulnerable groups, rail transit safety, ocean operations, smart agriculture, geological monitoring, and emergency rescue. The development of the BeiDou satellite navigation system not only reflects the continuous improvement of China's scientific and technological innovation capabilities but also allows more and more people to enjoy a safer, more convenient, and more efficient digital life. (CCTV News)
Key Focus Today
stock market
U.S. stocks extended their gains on Wednesday, with all three major indexes hitting record closing highs. The Dow Jones Industrial Average rose 0.36% to close at 50,644.28 points, the S&P 500 edged up 0.02% to close at 7,520.36 points, and the Nasdaq Composite gained 0.07% to close at 26,674.74 points.
Artificial intelligence-related stocks paused their rally, while chip stocks generally retreated, with Nvidia falling 1% and the Philadelphia Semiconductor Index dropping 1.4%. The market saw sector rotation, with healthcare and consumer stocks leading the gains. Procter & Gamble rose 3.2%, UnitedHealth Group rose 1.9%, and the consumer discretionary sector rose 1.9%. The energy sector, however, declined 1.5% due to a 5% drop in oil prices. Bank stocks were dragged down by JPMorgan Chase, whose CEO Jamie Dimon warned that spending this year could exceed expectations by $1 billion, causing the stock to fall 2.4%. Cloud security company Zscaler plummeted 31.5% after its fourth-quarter revenue forecast fell short of expectations.
In geopolitical terms, US Secretary of State Rubio said that negotiations with Iran had made progress, but President Trump and Iranian media both said that there were still unresolved issues; Goldman Sachs raised its S&P 500 target for the end of 2026 to 8,000 points, citing continued strong corporate earnings; the market is focused on the Personal Consumption Expenditures (PCE) price index to be released on Thursday for clues about the Federal Reserve's future monetary policy.
Gold Market
Gold prices fell to a two-month low on Wednesday, with spot gold down 1.14% to $4,456.10 an ounce, hitting its lowest level since March 27, mainly due to market expectations that monetary policy will be tightened to curb rising inflation, while the war with Iran shows no clear signs of ending.
Analysts say the Middle East situation remains the biggest influencing factor, with ongoing conflict exacerbating inflation concerns. Iranian state television reported that Tehran would restore shipping in the Strait of Hormuz to pre-war levels within a month, within a framework agreement reached with the United States (including the withdrawal of US troops). This news initially narrowed some of the decline in gold prices, but the market still believes that energy-driven inflation will prompt the Federal Reserve to raise interest rates by 25 basis points by the end of the year. The high-interest-rate environment has suppressed the performance of gold, a non-yielding asset. Minneapolis Fed President Kashkari stated that it is necessary to focus on curbing the inflation risks that appear to be accumulating.
Investors are awaiting the release of the U.S. Personal Consumption Expenditures (PCE) price index data on Thursday. In other precious metals, spot silver fell 3.2% to $74.46, with Bank of America stating that silver is unlikely to consistently outperform gold; platinum fell 2.1% to $1916.90, while palladium edged up 0.1% to $1386.47.
oil market
Oil prices plunged on Wednesday, with Brent crude falling 6.86% to settle at $92.88 a barrel and WTI crude futures dropping 4.45% to settle at $89.41 a barrel, both hitting one-month lows during the session, mainly as investors awaited the latest news on the framework of an agreement between the United States and Iran to end the conflict and reopen the Strait of Hormuz.
U.S. Secretary of State Marco Rubio said some progress had been made in the negotiations, but both President Trump and Iran's Fars News Agency said there were still unresolved issues. The U.S. denied Iranian state television's report that a framework agreement had been reached (which claimed that shipping through the Strait of Hormuz would resume within a month, the U.S. would lift its naval blockade, and the U.S. would withdraw its troops).
Meanwhile, shipping data showed that shipping activity in the Strait of Hormuz continued, with two crude oil tankers passing through the Strait the previous day; analysts said the increased shipping activity strengthened market expectations for the gradual reopening of this key waterway, thereby reducing the short-term supply risk premium.
Foreign exchange market
Affected by the situation in the Middle East, the US dollar index stabilized on Wednesday, remaining basically flat at 99.2, marking its second consecutive day of gains. The yen fell 0.14% against the dollar to 159.51, a near four-week low, approaching the level when Japanese authorities intervened last month. Traders generally believe that the 160 level is the key trigger point for intervention, and the market expects a probability of about 70% for the Bank of Japan to raise interest rates by 25 basis points at its June meeting.
US President Trump said there are still issues to be resolved between the US and Iran. Washington denied reports from Iranian state television that a framework agreement had been reached, and hopes for a swift end to the war have faded. The euro fell slightly to $1.163125, the pound fell 0.11% to $1.34320, and the dollar rose 0.13% against the Swiss franc to 0.7866 francs.
The New Zealand dollar performed strongly, rising 1.11% to US$0.59, as the Reserve Bank of New Zealand kept interest rates unchanged, but policymakers were clearly divided (three members supported raising rates, while three supported keeping them unchanged), suggesting that policy tightening may come sooner and more aggressively.
The Australian dollar fell 0.35% to US$0.71415, dragged down by the April annual inflation rate falling to 4.2%, while the Australian dollar plunged 1.39% against the New Zealand dollar, marking its biggest one-day drop in nearly 10 years.
International News
Preliminary Informal Documents of the Iran-US Memorandum of Understanding Disclosed
According to a report by the Balance News Agency, affiliated with the Iranian Ministry of Justice, on the 27th, a preliminary informal document concerning the framework of a memorandum of understanding between Iran and the United States has been disclosed, covering issues such as the Strait of Hormuz, regional military deployments, and future agreement arrangements. According to the document, the United States pledged to lift its "maritime blockade" against Iran and withdraw some of its military forces deployed in the region surrounding Iran. In exchange, Iran will gradually restore the volume of commercial vessels passing through the Strait of Hormuz to pre-escalation levels within a month, excluding military vessels. The management of vessel passage and route arrangements will be jointly coordinated by Iran and Oman. The document indicates that if Iran and the United States can reach a final agreement within 60 days, the relevant content may be confirmed in the form of a binding UN Security Council resolution. The report states that Iran emphasized that it will not take any concrete action until "verifiable" verification is completed. (Xinhua)
White House: US-Iran negotiations are progressing "well"; Trump has drawn a "red line".
On May 27 local time, the White House stated that US-Iran negotiations were "progressing well." It added that Trump had clearly drawn a "red line" for the negotiations, and the Trump administration's position remained consistent: any agreement must ensure that Iran cannot acquire nuclear weapons. (CCTV News)
US Secretary of State says progress has been made in US-Iran negotiations.
On May 27 local time, U.S. Secretary of State Marco Rubio stated that the Trump administration still prefers to resolve the Iran issue through negotiations, adding that "progress has been made towards an agreement." Rubio said, "We will see the results in the coming hours and days." He also emphasized that Trump's preferred option remains negotiations with Iran. (CCTV News)
Iranian media: Trump may unilaterally announce an agreement with Iran
Iran's Fars News Agency, citing sources, reported that Trump may unilaterally announce within the next few hours that the US and Iran have reached a final agreement. Fars News Agency believes this move is an attempt by the US to exert pressure and guide public opinion before the remaining disputes are completely resolved. A member of the Iranian negotiating team stated that some issues remain unresolved; no agreement will be reached until all of Iran's demands are met. The source added that Tehran will officially announce the negotiation results once all disputes are fully resolved. (CCTV)
Trump: The US will not lift sanctions against Iran even if it abandons its highly enriched uranium.
In a media interview, Trump stated that even if Iran surrendered its highly enriched uranium, it wouldn't get the US to lift sanctions. Trump said, "They're not going to give up their highly enriched uranium in exchange for sanctions waivers. Absolutely not." Trump added that Saudi Arabia should join the Abraham Accords, "It would be very beneficial for Saudi Arabia."
The probability of the Federal Reserve keeping interest rates unchanged in June is 99.9%.
According to CME's "FedWatch": The probability of the Federal Reserve keeping interest rates unchanged by June is 99.9%, and the probability of a cumulative rate cut of 25 basis points is 0.1%. The probability of the Federal Reserve keeping interest rates unchanged by July is 91.4%, the probability of a cumulative rate hike of 25 basis points is 8.5%, and the probability of a cumulative rate hike of 50 basis points is 8.5%.
US troops are deployed and ready to attack Cuba at any time.
The Pentagon has been deploying the necessary forces for an invasion of Cuba for months, awaiting only approval from US President Trump. Trump proposed invading Cuba after economic and diplomatic pressure failed. The current US naval force in the region—the largest outside the Middle East—allows for immediate action. On May 27, US Secretary of State Rubio stated at a cabinet meeting that Cuba was in a "very difficult situation," a "failed state" located only 90 miles from the US, threatening US security.
Iran says it will not back down because of Trump's remarks.
Early on May 28, the head of the Iranian Parliament's National Security Committee stated that Iran would not back down due to US President Trump's remarks and would "stick to its red lines" in negotiations with the US. These red lines are uranium enrichment capacity and stockpiles, control of the Strait of Hormuz, and the lifting of sanctions. Earlier, Trump expressed dissatisfaction with the progress of US-Iran negotiations at a cabinet meeting, stating that he would not accept the new Strait of Hormuz management mechanism being discussed between Iran and Oman, would not consider easing sanctions against Iran, and would not accept reaching an agreement before further negotiations on the nuclear issue. (CCTV International News)
Trump warns ally Oman: Breach the rules or you'll be bombed.
U.S. President Donald Trump said at a cabinet meeting at the White House on the 27th that the Strait of Hormuz is not under anyone's jurisdiction, and warned Gulf ally Oman that if it "doesn't play by the rules," it will be "bombed." When asked if he would be willing to accept a short-term agreement for joint control of the Strait of Hormuz by Iran and Oman, Trump said the strait is international waters, open to everyone, and not under anyone's jurisdiction. He stated that the U.S. will maintain order in the strait, but "nobody will control it, and that's part of our negotiations (with Iran)." Trump also said that Oman will abide by the rules like other countries, adding, "If they don't play by the rules, we'll just have to bomb them. They know that, so they'll behave themselves." (Xinhua)
Iran: Iran will only sign an agreement after the US unfreezes its assets.
Iran has stated that it will only sign a peace agreement with the United States if the US unfreezes $24 billion in frozen Iranian assets. Iran demands that $12 billion be disbursed immediately upon the announcement of an agreement, with the remaining funds to be transferred within 60 days. These funds originate from Iran's oil and gas revenues and have been frozen due to US sanctions, currently held in South Korea, Qatar, Iraq, Germany, and other countries. This demand has become a major obstacle to negotiations to resolve the Iran-US conflict. The Trump campaign opposes this move, arguing that it amounts to a concession to Iran. (CCTV)
Iranian Islamic Revolutionary Guard Corps: 23 ships were granted passage through the Strait of Hormuz in the past 24 hours.
On the 27th local time, the Public Relations Department of the Iranian Islamic Revolutionary Guard Corps Navy stated that in the past 24 hours, 23 vessels, including oil tankers, container ships, and other merchant ships, passed through the Strait of Hormuz with permission and under the coordination and security guarantee of the Iranian Islamic Revolutionary Guard Corps Navy. (CCTV News)
Trump: "Dissatisfied" with the current progress of negotiations with Iran
US President Donald Trump said at a cabinet meeting at the White House on the 27th that the US and Iran have not yet reached an agreement, and the US is "not satisfied" with this. Trump stated that Iran very much wants an agreement, "but they haven't done it yet," and added, "We're not satisfied with this, but we will be." He also threatened, "We only have two paths before us: either we reach an agreement, or we get the job done," implying the use of military means to achieve his goal. (Xinhua)
The United States has identified new targets in Iran in preparation for a renewed strike.
U.S. officials revealed to the media on the 27th that the U.S. Department of Defense has drafted a list of targets within Iran in preparation for President Trump's potential resumption of military action against Iran. However, sources analyzed that if the U.S. launches a new strike, it will be more difficult than before. According to NBC News, the Pentagon is considering naming the possible restarted military operation "The Hammer," targeting some nuclear facilities that were attacked by the U.S. military last June, including the Natanz and Isfahan nuclear facilities. The U.S. military may also target Iran's strategic oil facilities on Kharg Island, as well as power plants, military command centers, and communication facilities. According to informed sources, many of the targets already attacked within Iran are considered "easy targets" because those targets are "either stationary or not deeply buried in bunkers." However, targets such as missile launchers and drones are now more concealed and difficult to approach, making it more difficult to locate and precisely strike them than before. NBC News previously cited assessments by U.S. intelligence agencies, reporting that Iran still possesses "considerable" combat capabilities, with its warplanes and small ships not completely destroyed, and a considerable number of missiles and their launchers remaining due to burial or relocation. In addition, several US officials revealed that Iran has recently "restarted" defense industry production on a "limited scale," but the extent of US knowledge about these facilities is unclear due to their highly concealed locations. According to Iran's Tasnim News Agency on the 27th, Mohammad Akbarzadeh, a naval officer of the Iranian Islamic Revolutionary Guard Corps, stated that the possibility of renewed war with the United States is "low," but the Iranian armed forces are "fully loaded with ammunition" and ready. (Xinhua)
Domestic News
CCTV Finance: Buying computing power is now as convenient as buying electricity.
This year, my country's daily word usage has exceeded 140 trillion, a more than 1,000-fold increase in two years. Many small and medium-sized enterprises (SMEs) need to purchase computing power. To make purchasing computing power as convenient as purchasing electricity, the southern region is exploring a new model of collaborative computing and electricity trading. In Shenzhen, an AI company consumes approximately 1 billion words daily. The company recently completed its first collaborative computing and electricity trading transaction: publishing computing power needs, timeframes, and budgets, and automatically matching idle computing power at a more advantageous price through an operating platform. "Through this new trading model, costs are reduced by about 25% compared to the original. Demanders can place orders, and suppliers can bid for them on the platform." In this transaction, the computing power seller was a data center in Guizhou. This idle computing power was listed on the platform and the transaction was completed at a lower price than the market price. Currently, this trading platform connects to computing power resources from multiple data centers in five southern provinces. The platform uses an AI model to predict electricity prices to guide scheduling. When electricity prices are low, computing power tasks are prioritized; when electricity prices are high, non-urgent tasks are suspended or migrated. For example, if a user submits an AI training task, the system might find that electricity prices are lower in Guizhou, so it might reroute the task to Guizhou. Li Minhong, Marketing Director of China Southern Power Grid, said, "By connecting more buyers and sellers, we can make buying computing power as simple as online shopping: order on demand, pay as you use, and have transparent billing. Buying computing power is as simple as buying electricity."
The "2026 White Paper on the Development of China's BeiDou Spatiotemporal Industry" was released, stating that the total output value of the satellite navigation industry reached 629 billion yuan in 2025.
The recently released "2026 White Paper on the Development of China's BeiDou Spatiotemporal Industry" shows that in 2025, the total output value of my country's satellite navigation industry reached 629 billion yuan, and the total number of BeiDou-enabled terminal products in use exceeded 2.2 billion units. With its high-precision positioning capabilities and unique stable communication functions, the BeiDou system plays an indispensable role in many fields, including intelligent transportation, underground space applications, public services, sports data, protection of vulnerable groups, rail transit safety, ocean operations, smart agriculture, geological monitoring, and emergency rescue. The development of the BeiDou satellite navigation system not only reflects the continuous improvement of China's scientific and technological innovation capabilities but also allows more and more people to enjoy a safer, more convenient, and more efficient digital life. (CCTV News)
- Risk Warning and Disclaimer
- The market involves risk, and trading may not be suitable for all investors. This article is for reference only and does not constitute personal investment advice, nor does it take into account certain users’ specific investment objectives, financial situation, or other needs. Any investment decisions made based on this information are at your own risk.
